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.

Give Me Access to Oregon Real Estate Exam Prep

90 Day Money Back Guarantee On Our Real Estate Exam Prep

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

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 2018 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

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

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

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

Question 2

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 3

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 4

An easement by prescription may establish:

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

Question 5

The Salesperson license application fee costs how much?

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

Question 6

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

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

Question 7

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 lived in the state for more than a year
D	Must have a Bachelors degree

Question 8

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

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

Question 9

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

A	New York
B	West Virginia
C	Oklahoma
D	Wyoming

Question 10

What term means "going to the state?"

A	escheat
B	Eminent Domain
C	police power
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 allow reciprocity with other states?

A	No
B	Yes

Question 11 Explanation:

Arkansas Colorado Connecticut Mississippi Nebraska Oklahoma West Virginia Wyoming

Question 12

Standing trees would be considered:

A	Emblements
B	Chattels
C	Real property
D	Personal Property

Question 13

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

A	Lessee
B	Buyer
C	Agent
D	Lessor

Question 14

What tenancies does Oregon allow?

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

Question 15

Is Oregon a community property state?

A	No
B	Yes

Question 16

Does Oregon allow Holographic wills?

A	Yes
B	No

Question 17

Which is not necessary for a valid contract?

A	legal object
B	offer
C	acceptance
D	due date

Question 18

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

A	125
B	100
C	200
D	150

Question 19

Does Oregon have dower laws?

A	No
B	Yes

Question 20

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	unlawful detainer action in court
D	shutoff the gas

Question 21

Does Oregon have homestead laws?

A	No
B	Yes

Question 22

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 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 loan does not close and the buyer owes the lender for services rendered

Question 23

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 standard boiler plate will.
D	a will and testament that has been entirely handwritten and signed by the testator.

Question 24

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