Oregon Real Estate Exam Prep

OR Salesperson Practice Exam

Our Oregon Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson 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.

How to Get a Real Estate License in Oregon

The Oregon Real Estate Agency (OREA) requires all applicants to complete 150 hours of approved real estate classes. Once the educational requirements are met, you can then sit for the state’s licensure exam. We have put together the best study guides and practice tests to help applicants pass the Oregon real estate exam on their first try.

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Oregon License Requirements

Oregon issues two basic real estate licenses. They are the broker license and the principal broker license. The licensing requirements for the standard broker license include:
150-hours course of study that consists of the following modules:
- Oregon Real Estate Practice (30 hours)
- Real Estate Law (30 hours)
- Real Estate Finance (30 hours)
- Contracts (15 hours)
- Agency (15 hours)
- Property Management (10 hours)
- Real Estate Brokerage (20 hours)
Applicants must have a high school diploma, GED, or international equivalent
The standard salesperson licensees receiving their Oregon broker license through this process needed to meet two more requirements before working as a sole practitioner:
- 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.

Oregon Sample Practice Real Estate Exam Questions and Answers

Oregon State Section

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Question 1

The Salesperson license application fee costs how much?

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

Question 2

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 3

Does Oregon have dower laws?

A	Yes
B	No

Question 4

What is homestead protection?

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

Question 5

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

A	Wyoming
B	West Virginia
C	Oklahoma
D	New York

Question 6

Is Oregon a community property state?

A	Yes
B	No

Question 7

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

A	Agent
B	Lessor
C	Buyer
D	Lessee

Question 8

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

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

Question 9

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 be 25 or older
C	Must have a Bachelors degree
D	Must have lived in the state for more than a year

Question 10

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

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

Question 11

Standing trees would be considered:

A	Personal Property
B	Real property
C	Chattels
D	Emblements

Question 12

What term means "going to the state?"

A	Eminent Domain
B	Taxation
C	police power
D	escheat

Question 12 Explanation:

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

Question 13

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

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

Question 14

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

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

Question 15

What tenancies does Oregon allow?

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

Question 16

An easement by prescription may establish:

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

Question 17

Does Oregon have homestead laws?

A	Yes
B	No

Question 18

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 seller has agreed to pay 1% of the closing costs
C	The interest rate on the mortgage loan has been lowered by 2% for each point charged
D	The interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 19

Which is not necessary for a valid contract?

A	offer
B	due date
C	legal object
D	acceptance

Question 20

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

A	Habendum
B	acknowledgement
C	Premises
D	novation

Question 21

What is a holographic will?

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

Question 22

The license law is administered by:

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

Question 23

Does Oregon allow Holographic wills?

A	No
B	Yes

Question 24

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

A	100
B	150
C	125
D	200

Question 25

Does Oregon allow reciprocity with other states?

A	No
B	Yes

Question 25 Explanation:

Arkansas Colorado Connecticut Mississippi Nebraska Oklahoma West Virginia Wyoming

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