THE CODE, Oregon Real Estate
Complete Accurate Quizzes with
_____________Quiz____________?
The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST
appropriate response would be to: -
Answer✓✓
give the buyer the website address so the buyer can look up that information
_____________Quiz____________?
A developer intends to subdivide a large parcel of land and is in the process of land planning.
He has determined the geographic boundaries of the individual lots and how the streets as
the development will be signed to give access to each lot, when can he begin to list this
property? -
Answer✓✓
When he has submitted his plat map to local authorities, received approval, and recorded it
_____________Quiz____________?
The lead paint addendum that must be presented with the purchase and sales contract for
certain older homes will: -
Answer✓✓
provide the buyer with the opportunity to wave the right to a lead paint inspection.
_____________Quiz____________?
1
, Market price is: -
Answer✓✓
What the property sells for
_____________Quiz____________?
The most listing contracts, a broker who has brought a ready, willing, and able buyer to a
seller who agrees to the terms of a sales contract: -
Answer✓✓
Does not earn money unless the sales closes.
_____________Quiz____________?
A motel is the subject of an appraisal and it is determined that a rerouting of a country
highway has limited customer access to the motel. This is an example of: -
Answer✓✓
economic obsolescence
_____________Quiz____________?
An owner signed a contract to sell an apartment building. Just before closing, the owner
informed the buyers that she had changed her mind and would NOT sell the property. A
lawsuit filed by the buyers would be for: -
Answer✓✓
Specific Performance
_____________Quiz____________?
Quality Supermarkets has taken occupancy of a retail building and has a long term lease. As
part of the their fit-up, they bolt to the floor their meat and dairy coolers, and shelves.
When Quality Supermarket vacates the property at the end of the lease, will Quality
Supermarkets be legally entitled to remove these fixtures? -
Answer✓✓
Yes, if removed prior to the end of the lease
2
, _____________Quiz____________?
A seller has listed a home with a broker for $112,000. The seller is leaving for a 45 day
cruise midway through the listing period, and authorizes the broker through a power of
attorney to accept any offer of all cash at a price $100,000 or more. Broker receives a cash
offer for $110,000, what does the broker do? -
Answer✓✓
May accept the offer
_____________Quiz____________?
The sellers have listed their property for sale because they are in a difficult financial situation
and would like to get the house sold quickly. If one of the other sellers in the area ask why
that client is selling, the listing agent should respond by explaining what: -
Answer✓✓
Because they are looking to sell their house
_____________Quiz____________?
A small broker committee in the local county has set up a new marketing idea. They will
give every seller the same commission rate and it will not be negotiable. This will allow the
customers to know exactly what it will cost to list a property. This marketing plan is: -
Answer✓✓
Price Fixing
_____________Quiz____________?
Title insurance has allowed for more accessible loans for buyers. This is because: -
Answer✓✓
It reduces the risk of loss due to title defects
_____________Quiz____________?
What does the mortgage lender most often rely on when deciding how much is safe to lend
on a parcel of real estate? -
Answer✓✓
3
, Appraisal report
_____________Quiz____________?
Which of the following is among the typical responsibilities of a residential property
manager? -
Answer✓✓
Selecting tenants to provide a diverse enviroment
_____________Quiz____________?
Which of the following property valuation estimates or reports would have to be prepared
by a licensed or certified appraiser? -
Answer✓✓
Reconciliation report for a FHA loan
_____________Quiz____________?
Which of the following statements in an advertisement would be an example of a non-
discriminatory language under HUD's Fair Housing Advertising Guidelines? -
Answer✓✓
Female seeking female roomate
_____________Quiz____________?
Which of the following statements is true regarding an option agreement? -
Answer✓✓
Seller agrees to sell at fixed price within a stipulated time
_____________Quiz____________?
Zoning ordinances are typically established by: -
Answer✓✓
town and city governments
4
Complete Accurate Quizzes with
_____________Quiz____________?
The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST
appropriate response would be to: -
Answer✓✓
give the buyer the website address so the buyer can look up that information
_____________Quiz____________?
A developer intends to subdivide a large parcel of land and is in the process of land planning.
He has determined the geographic boundaries of the individual lots and how the streets as
the development will be signed to give access to each lot, when can he begin to list this
property? -
Answer✓✓
When he has submitted his plat map to local authorities, received approval, and recorded it
_____________Quiz____________?
The lead paint addendum that must be presented with the purchase and sales contract for
certain older homes will: -
Answer✓✓
provide the buyer with the opportunity to wave the right to a lead paint inspection.
_____________Quiz____________?
1
, Market price is: -
Answer✓✓
What the property sells for
_____________Quiz____________?
The most listing contracts, a broker who has brought a ready, willing, and able buyer to a
seller who agrees to the terms of a sales contract: -
Answer✓✓
Does not earn money unless the sales closes.
_____________Quiz____________?
A motel is the subject of an appraisal and it is determined that a rerouting of a country
highway has limited customer access to the motel. This is an example of: -
Answer✓✓
economic obsolescence
_____________Quiz____________?
An owner signed a contract to sell an apartment building. Just before closing, the owner
informed the buyers that she had changed her mind and would NOT sell the property. A
lawsuit filed by the buyers would be for: -
Answer✓✓
Specific Performance
_____________Quiz____________?
Quality Supermarkets has taken occupancy of a retail building and has a long term lease. As
part of the their fit-up, they bolt to the floor their meat and dairy coolers, and shelves.
When Quality Supermarket vacates the property at the end of the lease, will Quality
Supermarkets be legally entitled to remove these fixtures? -
Answer✓✓
Yes, if removed prior to the end of the lease
2
, _____________Quiz____________?
A seller has listed a home with a broker for $112,000. The seller is leaving for a 45 day
cruise midway through the listing period, and authorizes the broker through a power of
attorney to accept any offer of all cash at a price $100,000 or more. Broker receives a cash
offer for $110,000, what does the broker do? -
Answer✓✓
May accept the offer
_____________Quiz____________?
The sellers have listed their property for sale because they are in a difficult financial situation
and would like to get the house sold quickly. If one of the other sellers in the area ask why
that client is selling, the listing agent should respond by explaining what: -
Answer✓✓
Because they are looking to sell their house
_____________Quiz____________?
A small broker committee in the local county has set up a new marketing idea. They will
give every seller the same commission rate and it will not be negotiable. This will allow the
customers to know exactly what it will cost to list a property. This marketing plan is: -
Answer✓✓
Price Fixing
_____________Quiz____________?
Title insurance has allowed for more accessible loans for buyers. This is because: -
Answer✓✓
It reduces the risk of loss due to title defects
_____________Quiz____________?
What does the mortgage lender most often rely on when deciding how much is safe to lend
on a parcel of real estate? -
Answer✓✓
3
, Appraisal report
_____________Quiz____________?
Which of the following is among the typical responsibilities of a residential property
manager? -
Answer✓✓
Selecting tenants to provide a diverse enviroment
_____________Quiz____________?
Which of the following property valuation estimates or reports would have to be prepared
by a licensed or certified appraiser? -
Answer✓✓
Reconciliation report for a FHA loan
_____________Quiz____________?
Which of the following statements in an advertisement would be an example of a non-
discriminatory language under HUD's Fair Housing Advertising Guidelines? -
Answer✓✓
Female seeking female roomate
_____________Quiz____________?
Which of the following statements is true regarding an option agreement? -
Answer✓✓
Seller agrees to sell at fixed price within a stipulated time
_____________Quiz____________?
Zoning ordinances are typically established by: -
Answer✓✓
town and city governments
4
