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

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

Question 2

An easement by prescription may establish:

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

Question 3

What tenancies does Oregon allow?

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

Question 4

Standing trees would be considered:

A	Emblements
B	Chattels
C	Personal Property
D	Real property

Question 5

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

A	Habendum
B	novation
C	Premises
D	acknowledgement

Question 6

Does Oregon allow Holographic wills?

A	Yes
B	No

Question 7

What term means "going to the state?"

A	Taxation
B	Eminent Domain
C	escheat
D	police power

Question 7 Explanation:

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

Question 8

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

A	Oklahoma
B	West Virginia
C	Wyoming
D	New York

Question 9

Which is not necessary for a valid contract?

A	legal object
B	due date
C	offer
D	acceptance

Question 10

What is homestead protection?

A	Net cash remaining to investor after sale of investment property
B	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
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 11

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

A	150
B	125
C	200
D	100

Question 12

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 13

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 14

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

A	Lessee
B	Lessor
C	Agent
D	Buyer

Question 15

The license law is administered by:

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

Question 16

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

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

Question 17

Does Oregon allow reciprocity with other states?

A	No
B	Yes

Question 17 Explanation:

Arkansas Colorado Connecticut Mississippi Nebraska Oklahoma West Virginia Wyoming

Question 18

The Salesperson license application fee costs how much?

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

Question 19

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 20

Does Oregon have dower laws?

A	No
B	Yes

Question 21

Does Oregon have homestead laws?

A	Yes
B	No

Question 22

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

Question 23

Is Oregon a community property state?

A	No
B	Yes

Question 24

What is a holographic will?

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

Question 25

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