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Oregon Broker Psi Exam Questions
and Answers (100% Correct Answers)
Already Graded A+
How long must real estate documents be kept?
Ans: 6 years, from the date the transaction was
accepted, rejected, or withdrawn
© 2025 Assignment
Who approves advertising? Ans: Principal
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broker
Expert
When should the principal broker review brokers
documents? Ans: 7 days of the document's
acceptance, rejection or withdrawal. The PB must
sign and initial at the time of review
How long must you keep attendance and
continuing records? Ans: 3 years everything
else regarding business for 6 years
When should you notify the real estate agency
that a client's trust account has been
opened/closed? Ans: 10 business days from the
date it was closed or opened
When informing the RE agency a trust account
has been opened what info must be included?
Ans: name of bank, account number, name of
, 2
account, date it was created, and
acknowledgment
A broker associated with a principal real estate
broker was asked by a property owner to prepare
a competitive market analysis for the owners
residence. Under Oregon law, which of the
following statements about a CMA is true? Ans:
A fee may be charged for proving a CMA the
© 2025 Assignment
analysis may not be contingent upon reporting a
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predetermined value
Expert
Under OR law if a principal real estate broker
establishes an independent contractor
relationship with an associated real estate broker
Ans: The principal broker must supervise the
real estate brokers real estate activities to
conform to the OR real estate license and law
administrative rules
Non licensed employees of a property manager
may do all of the following except Ans:
negotiate and sign property management
agreement with owners
An OR resident may engage in RE without a
license if Ans: he deals in estate property as an
appointed executor of the estate
Oregon Broker Psi Exam Questions
and Answers (100% Correct Answers)
Already Graded A+
How long must real estate documents be kept?
Ans: 6 years, from the date the transaction was
accepted, rejected, or withdrawn
© 2025 Assignment
Who approves advertising? Ans: Principal
Guru01 - Stuvia
broker
Expert
When should the principal broker review brokers
documents? Ans: 7 days of the document's
acceptance, rejection or withdrawal. The PB must
sign and initial at the time of review
How long must you keep attendance and
continuing records? Ans: 3 years everything
else regarding business for 6 years
When should you notify the real estate agency
that a client's trust account has been
opened/closed? Ans: 10 business days from the
date it was closed or opened
When informing the RE agency a trust account
has been opened what info must be included?
Ans: name of bank, account number, name of
, 2
account, date it was created, and
acknowledgment
A broker associated with a principal real estate
broker was asked by a property owner to prepare
a competitive market analysis for the owners
residence. Under Oregon law, which of the
following statements about a CMA is true? Ans:
A fee may be charged for proving a CMA the
© 2025 Assignment
analysis may not be contingent upon reporting a
Guru01 - Stuvia
predetermined value
Expert
Under OR law if a principal real estate broker
establishes an independent contractor
relationship with an associated real estate broker
Ans: The principal broker must supervise the
real estate brokers real estate activities to
conform to the OR real estate license and law
administrative rules
Non licensed employees of a property manager
may do all of the following except Ans:
negotiate and sign property management
agreement with owners
An OR resident may engage in RE without a
license if Ans: he deals in estate property as an
appointed executor of the estate
