1
Oregon Real Estate Study Questions
and Answers (100% Correct Answers)
Already Graded A+
An unlicensed personal assistant working for a
licensed broker may do which of the following
activities?
© 2025 Assignment
Guru01 - Stuvia
1. Write ads and submit them to the newspaper
Expert
and online.
2. Host open houses.
3. Email brokers weekly updates to the broker's
clients.
4. Write up an offer for a buyer and then have
the broker sign the contract later. Ans: 1. Write
ads and submit them to the newspaper and
online.
, 2
A principal real estate broker hired a number of
part-time employees to show property, pass out
brochures, quote prices, and state terms of the
sale of real property in a development. A real
estate broker was on site to fill out all of the
earnest money agreements. The employees did
not sign documents. Under these circumstances,
the
© 2025 Assignment
Guru01 - Stuvia
1. employees must be real estate licensees.
Expert
2. principal real estate broker is not in violation
since a licensee filled out and signed the
documents.
3. employees could legally quote prices and
terms as long as they did not fill out the forms.
4. broker is not in violation as long as the
employees were paid on an hourly basis. Ans: 1.
employees must be real estate licensees.
, 3
Which of the following statements is false
concerning an inactive real estate broker
involved in a lease option of his personally
owned real estate?
1. The transaction must be supervised by a
principal real estate broker.
© 2025 Assignment
Guru01 - Stuvia
Expert
2. The real estate broker must deposit all funds
received in the transaction into a neutral escrow
depository.
3. The real estate broker must maintain a
transaction file on the transaction as if the
transaction were being handled by a principal
real estate broker.
4. The real estate broker must disclose the
broker's license status to the other party to the
transaction. Ans: 1. The transaction must be
supervised by a principal real estate broker.
, 4
Which of the following individuals is not exempt
from licensing law or requirements while
engaging in property management activity?
1. A hotel representative in the business of
arranging transient lodging in a hotel or inn.
© 2025 Assignment
Guru01 - Stuvia
2. A railroad company arranging transient
Expert
lodging at a hotel or inn in the course of its
business.
3. An innkeeper arranging transient lodging at
his inn.
4. A limited partner in a limited partnership
who, on a part-time basis, is acting under a
separate, written property management
agreement to rent the real property of the
limited partnership. Ans: 4. A limited partner in
a limited partnership who, on a part-time basis,
is acting under a separate, written property
Oregon Real Estate Study Questions
and Answers (100% Correct Answers)
Already Graded A+
An unlicensed personal assistant working for a
licensed broker may do which of the following
activities?
© 2025 Assignment
Guru01 - Stuvia
1. Write ads and submit them to the newspaper
Expert
and online.
2. Host open houses.
3. Email brokers weekly updates to the broker's
clients.
4. Write up an offer for a buyer and then have
the broker sign the contract later. Ans: 1. Write
ads and submit them to the newspaper and
online.
, 2
A principal real estate broker hired a number of
part-time employees to show property, pass out
brochures, quote prices, and state terms of the
sale of real property in a development. A real
estate broker was on site to fill out all of the
earnest money agreements. The employees did
not sign documents. Under these circumstances,
the
© 2025 Assignment
Guru01 - Stuvia
1. employees must be real estate licensees.
Expert
2. principal real estate broker is not in violation
since a licensee filled out and signed the
documents.
3. employees could legally quote prices and
terms as long as they did not fill out the forms.
4. broker is not in violation as long as the
employees were paid on an hourly basis. Ans: 1.
employees must be real estate licensees.
, 3
Which of the following statements is false
concerning an inactive real estate broker
involved in a lease option of his personally
owned real estate?
1. The transaction must be supervised by a
principal real estate broker.
© 2025 Assignment
Guru01 - Stuvia
Expert
2. The real estate broker must deposit all funds
received in the transaction into a neutral escrow
depository.
3. The real estate broker must maintain a
transaction file on the transaction as if the
transaction were being handled by a principal
real estate broker.
4. The real estate broker must disclose the
broker's license status to the other party to the
transaction. Ans: 1. The transaction must be
supervised by a principal real estate broker.
, 4
Which of the following individuals is not exempt
from licensing law or requirements while
engaging in property management activity?
1. A hotel representative in the business of
arranging transient lodging in a hotel or inn.
© 2025 Assignment
Guru01 - Stuvia
2. A railroad company arranging transient
Expert
lodging at a hotel or inn in the course of its
business.
3. An innkeeper arranging transient lodging at
his inn.
4. A limited partner in a limited partnership
who, on a part-time basis, is acting under a
separate, written property management
agreement to rent the real property of the
limited partnership. Ans: 4. A limited partner in
a limited partnership who, on a part-time basis,
is acting under a separate, written property
