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

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

A	Wyoming
B	West Virginia
C	New York
D	Oklahoma

Question 2

What is a holographic will?

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

Question 3

Does Oregon allow Holographic wills?

A	No
B	Yes

Question 4

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

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

Question 5

Is Oregon a community property state?

A	Yes
B	No

Question 6

What tenancies does Oregon allow?

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

Question 7

Standing trees would be considered:

A	Real property
B	Emblements
C	Chattels
D	Personal Property

Question 8

Does Oregon have dower laws?

A	Yes
B	No

Question 9

The Salesperson license application fee costs how much?

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

Question 10

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

A	novation
B	acknowledgement
C	Premises
D	Habendum

Question 11

Does Oregon have homestead laws?

A	Yes
B	No

Question 12

Which is not necessary for a valid contract?

A	acceptance
B	due date
C	offer
D	legal object

Question 13

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

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

Question 14

Does Oregon allow reciprocity with other states?

A	Yes
B	No

Question 14 Explanation:

Arkansas Colorado Connecticut Mississippi Nebraska Oklahoma West Virginia Wyoming

Question 15

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

A	200
B	125
C	100
D	150

Question 16

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

Question 17

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

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

Question 18

An easement by prescription may establish:

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

Question 19

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 Education
D	Oregon Department of Revenue

Question 20

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	Net cash remaining to investor after sale of investment property
D	The estimated value that an asset will have at then end of it's useful life

Question 21

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

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

Question 22

What term means "going to the state?"

A	police power
B	Taxation
C	escheat
D	Eminent Domain

Question 22 Explanation:

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

Question 23

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

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

Question 24

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	Being authorized to accept and excessive commission.
C	Convicted of a felony
D	Placing an ad claiming to be a broker when they are not.

Question 25

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

A	Agent
B	Buyer
C	Lessor
D	Lessee

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