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.

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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

Does Oregon have dower laws?

A	Yes
B	No

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	In most circumstances, except when the buyer and seller are related
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	Only when both buyer and seller have legal representation

Question 3

Is Oregon a community property state?

A	No
B	Yes

Question 4

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

Question 5

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

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

Question 6

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

A	Wyoming
B	New York
C	Oklahoma
D	West Virginia

Question 7

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

A	150
B	200
C	125
D	100

Question 8

Standing trees would be considered:

A	Emblements
B	Chattels
C	Personal Property
D	Real property

Question 9

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

A	Lessee
B	Lessor
C	Buyer
D	Agent

Question 10

What term means "going to the state?"

A	escheat
B	police power
C	Eminent Domain
D	Taxation

Question 10 Explanation:

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

Question 11

Does Oregon have homestead laws?

A	No
B	Yes

Question 12

Does Oregon allow reciprocity with other states?

A	No
B	Yes

Question 12 Explanation:

Arkansas Colorado Connecticut Mississippi Nebraska Oklahoma West Virginia Wyoming

Question 13

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

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

Question 14

What tenancies does Oregon allow?

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

Question 15

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

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

Question 16

An easement by prescription may establish:

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

Question 17

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

A	Habendum
B	Premises
C	novation
D	acknowledgement

Question 18

What is a holographic will?

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

Question 19

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

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

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	Net cash remaining to investor after sale of investment property
C	Gradual subsidence of waters, leaving dry land
D	The estimated value that an asset will have at then end of it's useful life

Question 21

Does Oregon allow Holographic wills?

A	Yes
B	No

Question 22

The license law is administered by:

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

Question 23

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

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

Question 24

The Salesperson license application fee costs how much?

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

Question 25

Which is not necessary for a valid contract?

A	acceptance
B	legal object
C	due date
D	offer

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