Oregon Real Estate - AYPO - Oregon Real Estate Bro
Oregon Real Estate - AYPO - Oregon Real Estate Bro
Exam (elaborations)
Oregon Real Estate - AYPO - Oregon Real Estate Broker License Education Review with 100% correct answers
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Course
Oregon Real Estate - AYPO - Oregon Real Estate Bro
Institution
Oregon Real Estate - AYPO - Oregon Real Estate Bro
What is a tax allocation district?
A district where property is charged a higher property tax in order to build infrastructure for that area
Which of the following is a factor that affects accessibility?
a. Continuity Incorrect
b. Mobility substitutes
c. Air superiority
d. Matriculation...
Oregon Real Estate - AYPO - Oregon
Real Estate Broker License Education
Review
What is a tax allocation district? correct answersA district where property is charged a higher property
tax in order to build infrastructure for that area
Which of the following is a factor that affects accessibility?
a. Continuity Incorrect
b. Mobility substitutes
c. Air superiority
d. Matriculation correct answersMobility substitutes
Predatory loans often have fees that cost more than... correct answers5% of the total amount of a loan.
Under the veteran loan program, a veteran that purchases a property must make the property his or her
primary residence within _____ days of closing. correct answers60 days
A licensee who attempts to purchase property for their personal use must do which of the following?
a. Hire a separate disinterested broker
b. Purchase only from persons represented by a seller's broker
c. Pay their standard buyer's broker's commission to their principal broker
d. Disclose that they are a licensee correct answersDisclose that they are a licensee
Under OAR 863-027-0020: the commissioner cannot issue more than a reprimand unless the violation
committed by the licensee is a gross violation. Which of the following cases would not cause a violation
to be considered a gross violation?
a. The act resulted in significant damage
,b. The act exhibited dishonest, but not fraudulent, conduct
c. The act was perpetrated willfully
d. The act is substantially similar to conduct that the licensee was reprimanded for previously correct
answersThe act was perpetrated willfully
When creating a real estate listing agreement the principal will be... correct answersthe seller.
Which of the following is NOT something that was added to the The Truth in Lending Act through an
amendment?
a. Prohibitions on the use of mandatory arbitration
b. A requirement that consumers be notified if their mortgage loan is sold or transferred to another
entity Incorrect
c. A requirement that lenders provide borrowers with an annual escrow statement
d. A prohibition on unsolicited credit cards correct answersA requirement that lenders provide
borrowers with an annual escrow statement
When beginning a property management relationship the owner stated that "I want to help poor single
mothers get back on their feet" when discussing the purpose of having rentals. Which of the following
actions would be best for you to engage in as the landlord?
a. Charge a rental rate that is in the top 75% of the market
b. Install a daycare
c. Advertise the property as "affordable housing for single mothers"
d. Charging less rent to single mothers correct answersInstall a daycare
Which of the following situations do not allow the landlord to give the tenant a 24 hour eviction notice?
a. The tenant punched a hole in the roof to install a skylight
b. The legal tenant has moved out and there is an illegal sub-tenant living in the property
c. The tenant has attacked another tenant
d. The tenant was convicted of possession of 1/2 oz of marijuana correct answersd. The tenant was
convicted of possession of 1/2 oz of marijuana
,Under OAR 863-015-0125: Which of the following is not required on a real estate advertisement created
by a seller's broker?
Select one:
a. All of these are required Incorrect
b. The broker's name
c. The business name the broker operates under
d. The address of the property correct answersThe address of the property
In regards to a tenancy at sufferance, what happens if the landlord accepts a rental payment from a
holdover tenant? correct answersThe tenancy at sufferance changes to a periodic tenancy
A property owner is planning to install a circular pond and wants to know how much space the pond will
take up. If the property owner is planning on the pond being 26 feet in diameter, what will be the area of
the pond in square feet?(Area of a Circle = π x [Diameter of the Circle / 2]2) correct answers530 ft2
...commonly have terms of a year or more but do not usually renew at the end of the term. correct
answersLeases
When storing real estate records in electronic format, the records must be stored in a "WORM" format.
What is a "WORM" format? correct answersA format that can only be written to once
If a brokerage employs two principal brokers then... correct answersthe brokers may have a written
agreement laying out supervision responsibilities.
Which of the following would NOT be defined as a conflict of interest?
Select one:
a. The broker is representing her sister
b. The buyer's broker sits on the planning board and they are drafting new zoning
c. The buyer wants to keep prices low (which would result in a lower commission for the buyer's broker)
d. All of these are a conflicts of interest correct answersThe buyer wants to keep prices low (which would
result in a lower commission for the buyer's broker)
, The Real Estate Settlement Procedures Act requires a lender to provide a borrower with a Good Faith
Estimate. What is a Good Faith Estimate? correct answersAn itemized list of all the fees and costs
associated with a loan
How much continuing education is necessary to renew an inactive license while keeping the license in an
inactive state? correct answersNone
When creating an agency agreement with a client, the primary agent is ______ and the sub agent is
________ correct answersThe managing principal broker, the broker
Waste that is ignitable, corrosive, reactive, or toxic is considered to be... correct answershazardous
waste.
Which of the following is not an acceptable fee to be charged to tenants under the Oregon Landlord
Tenant Act?
a. Parking violation
b. Abandonment of the property Incorrect
c. Late fee
d. Pet fee correct answersPet fee
Which of the following statements is not required in a Competitive Market Analysis?
Select one:
a. A description of the property
b. A statement of intent
c. A legal description of the property
d. A disclaimer that the analysis is not an appraisal correct answersA legal description of the property
If a principal broker reviews a document electronically, what must be done? correct answersThe
principal broker must have an electronic record showing the name of the review and the date of the
review
Which of the following would not be considered real property?
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