Oregon Real Estate exam Questions and Correct Answers the Latest Update and Recommended Version
9 views 0 purchase
Course
Oregon Real Estate
Institution
Oregon Real Estate
Constructive eviction
→ Acts done or not done by the landlord which materially disturb or impair tenants
occupancy so as the tenant is forced to leave
Surrender and acceptance
→ Mutual agreement to terminate lease
The residential landlord and tenant act
→ Covers leased structures used ...
→ Describes agency choices/must be given to seller prior to entering into listing
agreement and to buyer when first contact is made of buyer is seeking representation
Disclosed limited agency
→ Seller and buyer represented by the same real estate business (whether that's a
principal broker or associates broker)
Sellers agent
→ Listing agent
Selling agent
→ Agent who writes the offer (can be buyers agent, sellers agent or disclosed limited
agent)
Property condition disclosure law
→ Buyers right to receive disclosure statement on potential property, rescind transaction
within 5 business days based on statement and to waive the right to rescind
Lending collateral analysis
→ Real property market analysis for use by a lending institution in support of a loan
application. The loan transaction must be less than 250K
→ Demonstrates the accounting value or financial position of the company. Based on
assets and liabilities NOT income and expenses
Net worth
→ Assets minus liabilities. Also known as equity
Form W 4
→ Used to determine fed and state income withholding tax
Income statement
→ Aka profit and loss statement, income and expense statement or operating statement.
Shows company's income and expenses or profit and loss for a given period. Shows
net profit or net loss.
Net profit/net loss
→ Found on the income statement. gross income minus expenses
Budget
→ Detailed plan for future receipts and expenditures. Projected profit and loss statement
Net listing
→ Specifies amount seller wishes to receive from the sale and listing agent keeps any
above that amount
Listing agreement
→ Essentially an employment contract
Exclusive agency listing
1|Page| GradeA+ | 2 0 0 2 5
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
