OR real estate License exam prep Questions And Answers Graded A+

A branch office registration is necessary to use a: 1) model unit, available for sale, in a subdivision for promotion of interest in the development. 2) temporary structure for dissemination of information. - Neither 1 or 2 A broker associated with a principal real estate broker was asked by a property owner to prepare a Competitive Market Analysis for the owner's residence. Under Oregon law, which of the following statements about a CMA are true? 1) A fee may be charged for providing a CMA. 2) The analysis may not be contingent upon reporting a pre-determined value. - Both 1 and 2 A buyer gives $20,000 as earnest money to a real estate broker with instructions to deposit it into an interest-bearing account because the transaction may not close in escrow for a year. Under these circumstances, the: 1) funds must be deposited in a federally insured interest-bearing account, provided both parties to the transaction give their written consent. 2) interest that accrues must be paid to the buyer since the buyer requested the account. - 1 only A buyer properly revokes his offer after receiving the property condition disclosure and requests the return of his earnest money. The broker: - must promptly return the earnest money. - must obtain the seller's approval before releasing the earnest money.- should file an interpleader to determine the disposition of the earnest money. - may, with the seller's permission, deduct part of his commission from the earnest money. - must promptly return the earnest money. A buyer properly revokes the offer after receiving the property condition disclosure and requests the return of the buyer's earnest money the principal broker is holding in a clients' trust account. The principal broker: 1) may require the buyer to sign a release before returning the money. 2) must obtain the seller's permission before returning the money. - 1 only