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

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

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

Question 2

Standing trees would be considered:

A	Emblements
B	Personal Property
C	Real property
D	Chattels

Question 3

Does Oregon allow Holographic wills?

A	No
B	Yes

Question 4

An easement by prescription may establish:

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

Question 5

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 6

The license law is administered by:

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

Question 7

Does Oregon have homestead laws?

A	Yes
B	No

Question 8

What term means "going to the state?"

A	police power
B	Taxation
C	escheat
D	Eminent Domain

Question 8 Explanation:

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

Question 9

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	Depositing his/her clients escrow money into a personal account
C	Convicted of a felony
D	Being authorized to accept and excessive commission.

Question 10

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

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

Question 11

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	shutoff the gas
C	shut off the power
D	unlawful detainer action in court

Question 12

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	The estimated value that an asset will have at then end of it's useful life
D	Gradual subsidence of waters, leaving dry land

Question 13

Which is not necessary for a valid contract?

A	legal object
B	acceptance
C	offer
D	due date

Question 14

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

A	Habendum
B	novation
C	acknowledgement
D	Premises

Question 15

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	Only when both buyer and seller have legal representation
C	Only when both buyer and seller give informed consent to this arrangement
D	None; the broker may only collect compensation from one party to a transaction

Question 16

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

A	100
B	125
C	150
D	200

Question 17

Does Oregon have dower laws?

A	No
B	Yes

Question 18

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 1% for each point charged
B	The loan does not close and the buyer owes the lender for services rendered
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 19

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

A	Lessor
B	Buyer
C	Agent
D	Lessee

Question 20

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

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

Question 21

Is Oregon a community property state?

A	Yes
B	No

Question 22

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

A	Wyoming
B	West Virginia
C	New York
D	Oklahoma

Question 23

Does Oregon allow reciprocity with other states?

A	No
B	Yes

Question 23 Explanation:

Arkansas Colorado Connecticut Mississippi Nebraska Oklahoma West Virginia Wyoming

Question 24

What tenancies does Oregon allow?

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

Question 25

The Salesperson license application fee costs how much?

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

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