Oregon Real Estate Study Bundle Updated 2024!!

An unlicensed personal assistant to a real estate broker could legally do which of the following? - Answer Deliver documents to a buyer. An Oregon real estate license must be held by a person who performs which of the following acts? - Answer 1. Take a listing from a real property owner with ...

Any promotional material distributed by an Oregon real estate broker associated with a principal real estate broker - Answer 1. must comply with all fair housing laws. 2. may contain the direct telephone number of the real estate broker if the principal broker's licensed name or registered bus...

An unlicensed personal assistant working for a licensed broker may do which of the following activities? 1. Write ads and submit them to the newspaper 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...

When does oregon's property tax year begin? - Answer July 1st and ends on june 30th of the next year What lender would be the least likely to approve a short sale? - Answer junior lenders b/c they are in a secondary position when it comes to liens against the property and realize there m...

How long does a buyer have to revoke their offer after receiving a seller's property disclosure statement? - Answer 5 business days When must the seller's disclosure be sent? - Answer Once the seller receives a written offer to purchase from a buyer What is the first thing to consider wh...

If the demand for houses remains constant, the supply... A. Increases, the value will increase B. remains the same, the value will increase C. remains the same, the value will decrease D. Decreases, the value will increase - Answer D. Decreases, the value will increase A tight money marke...

How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? - Answer Writ of execution. A major difference between freehold and nonfreehold estates is that all freehold estates _________. - Answer are of indeterminable duration. The economic characte...

What are liquidated damages? Liquidated damages are procured from selling property Liquidated damages are in excess of actual damages Liquidated damages are specified in a contract in case of breach of contract Liquidated damages are in addition to those specifically stated in a contract...

Do social networking sites have to be supervised by the principal broker? - Answer Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? - Answer An auctioneer who is auctioning homes must have license - someone who deals ...

A branch office registration is necessary to use a: A. model unit, available for sale, in a subdivision for promotion of interest in the development. B. temporary structure for dissemination of information. - Answer Neither A nor B A person can work as a secretary in a real estate office with...

Contract - Answer *agreement between two or morew competent parties based upon legal consideration that creates duties and obligations that are legally enforceable. 4 elements required for a contract - Answer *Competent Parties *Legal (or lawful) object or purpose *Agreement between the par...

The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: - Answer give the buyer the website address so the buyer can look up that information A developer intends to subdivide a large parcel of land and is in the process of land plan...

How many consecutive years of non-use of water does one lose their water rights in Oregon? - Answer 5 consecutive years, the right is considered forfeited Who must register the business name? - Answer Principal Broker, must register the business name with REA-(Real Estate Agency) under their ...