1
Oregon Real Estate National Test Q&A
Questions and Answers (100% Correct
Answers) Already Graded A+
Promissory note for earnest money to be made
payable at? Ans: Sellers Acceptance.
Do social networking sites have to be supervised
© 2025 Assignment
by the principal broker- Ans: yes social
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networking sites are advertising and must be
supervised and approved by principal broker.
Expert
.Which of the following doesn't require a real
estate license? Ans: An auctioneer who is
auctioning homes must have restate license or
someone or deals with short term vacation
rentals business license only - real estate license
not required.
Which of the following needs to be disclosed to a
potential buyer? Ans: a rehabilitation house for
registered sex offenders <no or a house used for
the cooking of methamphetamines.<yes must be
disclosed
What should you do if you get a listing for a
house that has a septic tank on it? Ans: must be
disclosed.
, 2
How many days does a principal broker have to
provide the name and account number of the
bank after opening a trust account? Ans: 10
business days.
What is the age a person has to be to get a
reverse mortgage? Ans: 62 years old and if
married both persons must be at least 62.
© 2025 Assignment
How much equity does a person have to have in
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their house to get a reverse mortgage? Ans:
They must own their home free and clear.
Expert
Who gets paid in a reverse mortgage? Ans: The
lender pays the homeowner.
Do you have to notify the REA of an address
change in 10 days or 10 business days. Ans:
Each active, inactive and expired real estate
licensee must maintain on file with the Agency a
current mailing address and email address and
notify the Agency within 10 calendar days of a
change to a mailing or email address.
Which of the following does NOT require a real
estate license:
, 3
Agreeing to auction homes,
offering to buy and sell options on real estate,
performing real estate marketing activity
, managing short term vacation rentals Ans:
SHORT TERM VACATION RENTALS
© 2025 Assignment
If you view a home to be listed for a seller and
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realize you want to purchase it when you arrive
should you: keep your interest confidential until
Expert
your offer is ready Ans: , (price the home and
list it and offer to willing buyers, express your
interest in purchasing the home and offer to buy
the home at a discount for your commission.
A registered name can be submitted by: a broker,
a principal broker, an office manager approved
by a principal, a company owner Ans:
PRINCIPAL BROKER
If a principal broker is managing their personal
rental property, funds collected from rentals
must be: maintained in a ledger just as he would
in professional property, transferred into a
client trust account, deposited in his personal
bank account, recorded and maintained at his
Oregon Real Estate National Test Q&A
Questions and Answers (100% Correct
Answers) Already Graded A+
Promissory note for earnest money to be made
payable at? Ans: Sellers Acceptance.
Do social networking sites have to be supervised
© 2025 Assignment
by the principal broker- Ans: yes social
Guru01 - Stuvia
networking sites are advertising and must be
supervised and approved by principal broker.
Expert
.Which of the following doesn't require a real
estate license? Ans: An auctioneer who is
auctioning homes must have restate license or
someone or deals with short term vacation
rentals business license only - real estate license
not required.
Which of the following needs to be disclosed to a
potential buyer? Ans: a rehabilitation house for
registered sex offenders <no or a house used for
the cooking of methamphetamines.<yes must be
disclosed
What should you do if you get a listing for a
house that has a septic tank on it? Ans: must be
disclosed.
, 2
How many days does a principal broker have to
provide the name and account number of the
bank after opening a trust account? Ans: 10
business days.
What is the age a person has to be to get a
reverse mortgage? Ans: 62 years old and if
married both persons must be at least 62.
© 2025 Assignment
How much equity does a person have to have in
Guru01 - Stuvia
their house to get a reverse mortgage? Ans:
They must own their home free and clear.
Expert
Who gets paid in a reverse mortgage? Ans: The
lender pays the homeowner.
Do you have to notify the REA of an address
change in 10 days or 10 business days. Ans:
Each active, inactive and expired real estate
licensee must maintain on file with the Agency a
current mailing address and email address and
notify the Agency within 10 calendar days of a
change to a mailing or email address.
Which of the following does NOT require a real
estate license:
, 3
Agreeing to auction homes,
offering to buy and sell options on real estate,
performing real estate marketing activity
, managing short term vacation rentals Ans:
SHORT TERM VACATION RENTALS
© 2025 Assignment
If you view a home to be listed for a seller and
Guru01 - Stuvia
realize you want to purchase it when you arrive
should you: keep your interest confidential until
Expert
your offer is ready Ans: , (price the home and
list it and offer to willing buyers, express your
interest in purchasing the home and offer to buy
the home at a discount for your commission.
A registered name can be submitted by: a broker,
a principal broker, an office manager approved
by a principal, a company owner Ans:
PRINCIPAL BROKER
If a principal broker is managing their personal
rental property, funds collected from rentals
must be: maintained in a ledger just as he would
in professional property, transferred into a
client trust account, deposited in his personal
bank account, recorded and maintained at his
