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Oregon Real Estate Exam Practice - Instructor Questions And Answers 2023
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Oregon Real Estate Exam Practice - Instructor Questions And Answers 2023
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Oregon Real Estate Exam Practice - Instructor Questions And Answers 2023Do 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 with short term vacation rentals needs business license only - real estate license not required.
Which of the following needs to be disclosed to a potential buyer? - Answer a rehabilitation house for registered sex offenders <no or a house used for the cooking
of meth.<yes must be disclosed
What should you do if you get a listing for a house that has a septic tank on it? - Answer it must be disclosed.
How many days does a principal broker have to provide the name and account number of the bank after opening a trust account? - Answer 10 business days.
What is the age a person has to be to get a reverse mortgage? - Answer 62 years old and if married both persons must be at least 62.
How much equity does a person have to have in their house to get a reverse mortgage? - Answer They must meet the equity requirements of HUD.
Who gets paid in a reverse mortgage? - Answer The lender pays the homeowner.
Do you have to notify the REA of an address change in 10 days ? - Answer 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.
A registered business name can be submitted by - Answer PRINCIPAL BROKER
If you view a home to be listed for a seller and realize you want to purchase it when you arrive you should? - Answer price the home by doing a CMA , list it and offer it to
willing buyers
If a principal broker is managing their personal rental property, funds collected from rentals must be: - Answer DEPOSITED IN PERSONAL BANK ACCOUNT
A commission can be paid from a principal broker to - Answer A REAL ESTATE AGENT NO LONGER EMPLOYED WITH THE PRINCIPAL BROKER THAT EARNED THE COMMISSION BEFORE THEIR LICENSE WAS TRANSFERRED
An internet listing of a home must include - Answer THAT THE LISTING AGENT IS LICENSED IN THE STATE OF OREGON
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