Oregon Real Estate Pre-License Practice Final Exam with Complete Solutions!

A few days after an owner signed a listing agreement he told the broke that he would not se to anyone who was single or divorced. Under Oregon Law, which of the following statements are TRUE regarding this situation? I. Discrimination Based On Marital Statues is covered by Oregon Statutes II. The broker may retain the listing - ANSWER-A. I only ** B. II only C. I and II D. Neither I nor II A membership Camping Contract grants a membership that provides a right or license to use the campgrounds and facilities of a member camping operator for more than... - ANSWER-A. 30 Days ** B. 3 Years C. 90 Days D. 10 Days A licensee must... - ANSWER-A. Present all offers to the seller whether verbal or written*** B. Present all written offers to the seller C. Refuse to cooperate if it is not the licensee's best interest. D. Advise the buyer of her legal Rights. A copy of each listing must be given to the... - ANSWER-A. Cooperating Broker B. Seller and Principal Broker** C. Buyer prior to acceptance of the offer D. Buyer on request A real estate licensee would be disciplined under ORS 696, the Real Estate License Law, for which of the following? I. Acting for more than one party in a transaction where he notifies all parties and receives their consent. II. Making a material misrepresentation to a prospective buyer, but the buyer did not purchase the property. - ANSWER-A. I and II B. I only C. Neither I nor II D.II only *** A person needs a real estate license in order to negotiate between a buyer and a seller for the sale of a mobile home... - ANSWER-A. permanently located on land being sold with the mobile home. B. located on a rental space in a mobile home facility. C.neither; located on a rental space in a mobile home facility nor permanently located on land being sold with the mobile home. D. both; located on a rental space in a mobile home facility and permanently located on land being sold with the mobile home.*** Which licensee can charge a seller a fee to provide an estimate of the sales price of the seller's property for the purpose of obtaining a listing? - ANSWER-A. A property manager B. Both a real estate broker or principal broker and a property manager*** C. A real estate broker or principal broker D. Neither a real estate broker or principal broker nor a property manager According to the Administrative Rules and Regulations of the Real Estate Agency, when must the licensee first give a copy of the earnest money agreement to the purchaser? - ANSWER-A. When the purchaser makes the offer B. As soon as the escrow is opened C. At the close of escrow