Oregon State Real Estate Exam

OR Broker Practice Exam

Our Oregon Broker Real Estate Exam Prep guide will have you quickly prepared for your upcoming Oregon Broker License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Oregon’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

Give Me Access to Oregon State Real Estate Exam

90 Day Money Back Guarantee On Our Real Estate Exam Prep

What Do I Get with the Oregon State Real Estate Exam?

Instant Access to All Exam Prep Materials
A 100 Percent Money-Back Guarantee that You Will Pass
90 Days of Access to the System
Committed Customer Support
All Materials Updated for 2020 Regulations

Instant Results

Instant results on each question so you know your strength's and weaknesses!

Instant Results
Works on Any Device
Easy to Use

How Our System Works



Get Access to Real Estate Prep Guide	Study and Improve on Your Weak Areas	Pass Your Exam!

Get Access to Real Estate Prep Guide

Study and Improve on Your Weak Areas

Pass Your Exam!

Oregon License Requirements

In order to work as a principal broker, these licensees must also
complete the 40-hour Brokerage Administration and Sales Supervision course in addition to the below two requirements.
The licensee must have three years of active, licensed experience, either in Oregon and/or another state
The licensee must pass the real estate broker license exam.
And, when applying for the principal broker license, there is a $230 licensing fee.

Oregon Sample Practice Real Estate Exam Questions and Answers

Oregon State Section

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Click on the button below to "Start" your practice exam now. Leaving the page and or closing the browser now or at any moment during the exam will reset your answers. You can always go back and retake any practice test. You can also go over your answers at any moment during the practice test by clicking "List" and picking one of the questions that interests you.

Start

Congratulations - you have completed Oregon State Section . You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%

Your answers are highlighted below.

Question 1

What is homestead protection?

A	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
B	Gradual subsidence of waters, leaving dry land
C	The estimated value that an asset will have at then end of it's useful life
D	Net cash remaining to investor after sale of investment property

Question 2

Does Oregon have homestead laws?

A	No
B	Yes

Question 3

Which of the following is required for an applicant to receive a Real Estate License?

A	Must sit and pass the required exam
B	Must have a Bachelors degree
C	Must have lived in the state for more than a year
D	Must be 25 or older

Question 4

Which of the following would not put a sales person in jeopardy of losing their license in Oregon?

A	Placing an ad claiming to be a broker when they are not.
B	Convicted of a felony
C	Depositing his/her clients escrow money into a personal account
D	Being authorized to accept and excessive commission.

Question 5

Does Oregon allow Holographic wills?

A	Yes
B	No

Question 6

What tenancies does Oregon allow?

A	Tenancy by the entirety
B	Neither
C	Both
D	Joint tenancy

Question 7

In what circumstances, if any, can a broker in Oregon who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller give informed consent to this arrangement
B	Only when both buyer and seller have legal representation
C	None; the broker may only collect compensation from one party to a transaction
D	In most circumstances, except when the buyer and seller are related

Question 8

Standing trees would be considered:

A	Emblements
B	Personal Property
C	Real property
D	Chattels

Question 9

Which is not necessary for a valid contract?

A	legal object
B	offer
C	acceptance
D	due date

Question 10

The license law is administered by:

A	The Real Estate & Professional Licensing Division of the Oregon Department of Commerce
B	Oregon Department of Taxation & Finance
C	Oregon Department of Revenue
D	Oregon Department of Education

Question 11

Which of the following isn't part of a deed?

A	Premises
B	acknowledgement
C	Habendum
D	novation

Question 12

Mortgage "discount" points only apply if which of the following conditions are met?

A	The loan does not close and the buyer owes the lender for services rendered
B	The interest rate on the mortgage loan has been lowered by 1% for each point charged
C	The seller has agreed to pay 1% of the closing costs
D	The interest rate on the mortgage loan has been lowered by 2% for each point charged

Question 13

Does Oregon have dower laws?

A	Yes
B	No

Question 14

Which of the following is a landlord's option for a tenant not paying the rent?

A	unlawful detainer action in court
B	shut off the power
C	shutoff the gas
D	lock the tenant out of the apartment

Question 15

Which of the following is not a state that participates in reciprocity?

A	Wyoming
B	Oklahoma
C	West Virginia
D	New York

Question 16

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Agent
B	Lessor
C	Lessee
D	Buyer

Question 17

After getting the real estate license, how often must you take Continuing Education classes?

A	20 hours every year
B	30 hours every two years
C	never
D	40 hours every two years

Question 18

How soon can a broker receive a commission check after a closing in Oregon?

A	When the Buyer moves in.
B	Once the offer sheet is signed.
C	After the transaction is completed and funded.
D	Once the seller agrees to the price.

Question 19

Is Oregon a community property state?

A	Yes
B	No

Question 20

Does Oregon allow reciprocity with other states?

A	Yes
B	No

Question 20 Explanation:

Arkansas Colorado Connecticut Mississippi Nebraska Oklahoma West Virginia Wyoming

Question 21

The Salesperson license application fee costs how much?

A	$50
B	$40
C	$230
D	$100

Question 22

An easement by prescription may establish:

A	a claim to title
B	use of property
C	homestead rights
D	who owes back taxes

Question 23

What term means "going to the state?"

A	Eminent Domain
B	escheat
C	Taxation
D	police power

Question 23 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 24

How many classroom hours are required from an agency approved Pre-Licensing education school?

A	200
B	100
C	125
D	150

Question 25

What is a holographic will?

A	a will that has been approved by each family member.
B	a will that displays in 3D
C	a will and testament that has been entirely handwritten and signed by the testator.
D	a standard boiler plate will.