1
THE CODE, Oregon Real Estate Exam
(PSI) Questions and Answers (100%
Correct Answers) Already Graded A+
The buyer asks if there are any sex offenders in
the neighborhood. The agent's MOST appropriate
response would be to: Ans: give the buyer the
website address so the buyer can look up that
© 2025 Assignment
information
Guru01 - Stuvia
A developer intends to subdivide a large parcel
Expert
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?
Ans: When he has submitted his plat map to
local authorities, received approval, and
recorded it
The lead paint addendum that must be
presented with the purchase and sales contract
for certain older homes will: Ans: provide the
buyer with the opportunity to wave the right to a
lead paint inspection.
Market price is: Ans: What the property sells for
, 2
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: Ans: Does not earn money unless the
sales closes.
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
© 2025 Assignment
motel. This is an example of: Ans: economic
Guru01 - Stuvia
obsolescence
Expert
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: Ans: Specific
Performance
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? Ans:
Yes, if removed prior to the end of the lease
, 3
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? Ans:
May accept the offer
© 2025 Assignment
The sellers have listed their property for sale
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because they are in a difficult financial situation
and would like to get the house sold quickly. If
Expert
one of the other sellers in the area ask why that
client is selling, the listing agent should respond
by explaining what: Ans: Because they are
looking to sell their house
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: Ans: Price
Fixing
Title insurance has allowed for more accessible
loans for buyers. This is because: Ans: It
reduces the risk of loss due to title defects
THE CODE, Oregon Real Estate Exam
(PSI) Questions and Answers (100%
Correct Answers) Already Graded A+
The buyer asks if there are any sex offenders in
the neighborhood. The agent's MOST appropriate
response would be to: Ans: give the buyer the
website address so the buyer can look up that
© 2025 Assignment
information
Guru01 - Stuvia
A developer intends to subdivide a large parcel
Expert
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?
Ans: When he has submitted his plat map to
local authorities, received approval, and
recorded it
The lead paint addendum that must be
presented with the purchase and sales contract
for certain older homes will: Ans: provide the
buyer with the opportunity to wave the right to a
lead paint inspection.
Market price is: Ans: What the property sells for
, 2
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: Ans: Does not earn money unless the
sales closes.
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
© 2025 Assignment
motel. This is an example of: Ans: economic
Guru01 - Stuvia
obsolescence
Expert
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: Ans: Specific
Performance
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? Ans:
Yes, if removed prior to the end of the lease
, 3
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? Ans:
May accept the offer
© 2025 Assignment
The sellers have listed their property for sale
Guru01 - Stuvia
because they are in a difficult financial situation
and would like to get the house sold quickly. If
Expert
one of the other sellers in the area ask why that
client is selling, the listing agent should respond
by explaining what: Ans: Because they are
looking to sell their house
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: Ans: Price
Fixing
Title insurance has allowed for more accessible
loans for buyers. This is because: Ans: It
reduces the risk of loss due to title defects
