Oregon Real Estate EXAM BUNDLE(COMPLETE PACKAGE)Related Statutes with Complete Solutions!Oregon Real Estate EXAM BUNDLE(COMPLETE PACKAGE)Related Statutes with Complete Solutions!Oregon Real Estate EXAM BUNDLE(COMPLETE PACKAGE)Related Statutes with Complete Solutions!Oregon Real Estate EXAM BUND...
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How many consecutive years of non-use of water does one lose their water rights in Oregon? - ANSWER-5 consecutive years, the right is considered forfeited Who must register the business name? - ANSWER-Principal Broker, must register the business name with REA-(Real Estate Agency) under their name...
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Add to cartHow many consecutive years of non-use of water does one lose their water rights in Oregon? - ANSWER-5 consecutive years, the right is considered forfeited Who must register the business name? - ANSWER-Principal Broker, must register the business name with REA-(Real Estate Agency) under their name...
Constructive eviction - ANSWER-Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance - ANSWER-Mutual agreement to terminate lease The residential landlord and tenant act - ANSWER-Covers leased str...
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Add to cartConstructive eviction - ANSWER-Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance - ANSWER-Mutual agreement to terminate lease The residential landlord and tenant act - ANSWER-Covers leased str...
The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: - ANSWER-give the buyer the website address so the buyer can look up that information A developer intends to subdivide a large parcel of land and is in the process of land planni...
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Add to cartThe buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: - ANSWER-give the buyer the website address so the buyer can look up that information A developer intends to subdivide a large parcel of land and is in the process of land planni...
An exception to title insurance coverage is - ANSWER-defects that clearly appear in the title search. A licensee has an agency representation agreement with a buyer. When showing another company's listing, what obligation does the licensee have to the seller and the listing broker at the other c...
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Add to cartAn exception to title insurance coverage is - ANSWER-defects that clearly appear in the title search. A licensee has an agency representation agreement with a buyer. When showing another company's listing, what obligation does the licensee have to the seller and the listing broker at the other c...
How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? - ANSWER-Writ of execution. A major difference between freehold and nonfreehold estates is that all freehold estates _________. - ANSWER-are of indeterminable duration. The economic characterist...
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Add to cartHow does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? - ANSWER-Writ of execution. A major difference between freehold and nonfreehold estates is that all freehold estates _________. - ANSWER-are of indeterminable duration. The economic characterist...
Do social networking sites have to be supervised by the principal broker? - ANSWER-Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? - ANSWER-An auctioneer who is auctioning homes must have license - someone who deals with...
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Add to cartDo social networking sites have to be supervised by the principal broker? - ANSWER-Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? - ANSWER-An auctioneer who is auctioning homes must have license - someone who deals with...
Within how many business days from the date a client's trust account is opened, a licensed real estate property manager or principal real estate broker shall notify the Real Estate Agency that the account has been opened? - ANSWER-10 Within how many business days from the date a clients' trust ...
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Add to cartWithin how many business days from the date a client's trust account is opened, a licensed real estate property manager or principal real estate broker shall notify the Real Estate Agency that the account has been opened? - ANSWER-10 Within how many business days from the date a clients' trust ...
Do social networking sites have to be supervised by the principal broker? - ANSWER-Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? - ANSWER-An auctioneer who is auctioning homes must have license - someone who deals with...
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Add to cartDo social networking sites have to be supervised by the principal broker? - ANSWER-Yes, social networking sites and advertising Does an acutioneer or a short term vacation rental need a real estate liscence? - ANSWER-An auctioneer who is auctioning homes must have license - someone who deals with...
Promissory note for earnest money to be made payable at? - ANSWER-Sellers Acceptance. Do social networking sites have to be supervised by the principal broker- - ANSWER-yes social networking sites are advertising and must be supervised and approved by principal broker. .Which of the following ...
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Add to cartPromissory note for earnest money to be made payable at? - ANSWER-Sellers Acceptance. Do social networking sites have to be supervised by the principal broker- - ANSWER-yes social networking sites are advertising and must be supervised and approved by principal broker. .Which of the following ...
An unlicensed personal assistant working for a licensed broker may do which of the following activities? 1. Write ads and submit them to the newspaper and online. 2. Host open houses. 3. Email brokers weekly updates to the broker's clients. 4. Write up an offer for a buyer and then have...
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Add to cartAn unlicensed personal assistant working for a licensed broker may do which of the following activities? 1. Write ads and submit them to the newspaper and online. 2. Host open houses. 3. Email brokers weekly updates to the broker's clients. 4. Write up an offer for a buyer and then have...
Earnest money can be in the form of - ANSWER-cash or check and/or promissory note Real estate sales commissions are usually paid by the - ANSWER-seller Open spaces with half cubicles are often referred to as a - ANSWER-bull pens An escrow agent acts as a ____ party - ANSWER-neutral third ...
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Add to cartEarnest money can be in the form of - ANSWER-cash or check and/or promissory note Real estate sales commissions are usually paid by the - ANSWER-seller Open spaces with half cubicles are often referred to as a - ANSWER-bull pens An escrow agent acts as a ____ party - ANSWER-neutral third ...
Contract - ANSWER-*agreement between two or morew competent parties based upon legal consideration that creates duties and obligations that are legally enforceable. 4 elements required for a contract - ANSWER-*Competent Parties *Legal (or lawful) object or purpose *Agreement between the parties...
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Add to cartContract - ANSWER-*agreement between two or morew competent parties based upon legal consideration that creates duties and obligations that are legally enforceable. 4 elements required for a contract - ANSWER-*Competent Parties *Legal (or lawful) object or purpose *Agreement between the parties...
How many days does a principal broker have to provide the name and account number of the bank after opening a trust account? - ANSWER-10 business days What is the age a person has to be to get a reverse mortgage? - ANSWER-62 years old and if married both persons must be at least 62 What is de-...
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Add to cartHow many days does a principal broker have to provide the name and account number of the bank after opening a trust account? - ANSWER-10 business days What is the age a person has to be to get a reverse mortgage? - ANSWER-62 years old and if married both persons must be at least 62 What is de-...
Principal Broker - ANSWER-A principal real estate broker is an individual who may or may not be responsible for the professional real estate activity conducted by himself and others working in the same office. Principal Broker must be - ANSWER-18 years of age; background check; educational requir...
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Add to cartPrincipal Broker - ANSWER-A principal real estate broker is an individual who may or may not be responsible for the professional real estate activity conducted by himself and others working in the same office. Principal Broker must be - ANSWER-18 years of age; background check; educational requir...
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How long must real estate documents be kept? - ANSWER-6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? - ANSWER-Principal broker When should the principal broker review brokers documents? - ANSWER-7 days of the document's acceptance, reject...
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Add to cartHow long must real estate documents be kept? - ANSWER-6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? - ANSWER-Principal broker When should the principal broker review brokers documents? - ANSWER-7 days of the document's acceptance, reject...
Can a non-licensed individual who is an employee of a licensed real estate property manager do any of the following items, even if the property manager signs a paper delegating their authority to a non-licensed office staff person? 1. Negotiate rental of lease agreements? 2. Check tenant and credit...
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Add to cartCan a non-licensed individual who is an employee of a licensed real estate property manager do any of the following items, even if the property manager signs a paper delegating their authority to a non-licensed office staff person? 1. Negotiate rental of lease agreements? 2. Check tenant and credit...
Which of the following is NOT considered "Middle Housing" A) Cottage Cluster B) Townhouses C) Large multifamily homes D) Condo's - ANSWER-Large Multi-family residences Which of the following documents do not need signatures for both buyer and seller? A) Final Agency Agreement B) Ti...
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Add to cartWhich of the following is NOT considered "Middle Housing" A) Cottage Cluster B) Townhouses C) Large multifamily homes D) Condo's - ANSWER-Large Multi-family residences Which of the following documents do not need signatures for both buyer and seller? A) Final Agency Agreement B) Ti...
How long does a buyer have to revoke their offer after receiving a seller's property disclosure statement? - ANSWER-5 business days When must the seller's disclosure be sent? - ANSWER-Once the seller receives a written offer to purchase from a buyer What is the first thing to consider when g...
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Add to cartHow long does a buyer have to revoke their offer after receiving a seller's property disclosure statement? - ANSWER-5 business days When must the seller's disclosure be sent? - ANSWER-Once the seller receives a written offer to purchase from a buyer What is the first thing to consider when g...
A few days after an owner signed a listing agreement he told the broke that he would not se to anyone who was single or divorced. Under Oregon Law, which of the following statements are TRUE regarding this situation? I. Discrimination Based On Marital Statues is covered by Oregon Statutes II. T...
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Add to cartA few days after an owner signed a listing agreement he told the broke that he would not se to anyone who was single or divorced. Under Oregon Law, which of the following statements are TRUE regarding this situation? I. Discrimination Based On Marital Statues is covered by Oregon Statutes II. T...
A branch office registration is necessary to use a model unit, available for sale, in a subdivision for promotion of interest in the development. temporary structure for dissemination of information. I only II only Both I and II Neither I nor II - ANSWER-Neither I nor II Which of the follo...
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Add to cartA branch office registration is necessary to use a model unit, available for sale, in a subdivision for promotion of interest in the development. temporary structure for dissemination of information. I only II only Both I and II Neither I nor II - ANSWER-Neither I nor II Which of the follo...
Real Property - ANSWER-(goes with the real estate)- immovable - ex. the house itself Personal Property - ANSWER-(goes with the person)- moveable -ex. a set of keys, a lease "When you sell the property what goes with you" ex of estate for years - ANSWER-summer rental ex of periodic tenanc...
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Add to cartReal Property - ANSWER-(goes with the real estate)- immovable - ex. the house itself Personal Property - ANSWER-(goes with the person)- moveable -ex. a set of keys, a lease "When you sell the property what goes with you" ex of estate for years - ANSWER-summer rental ex of periodic tenanc...
When does oregon's property tax year begin? - ANSWER-July 1st and ends on june 30th of the next year What lender would be the least likely to approve a short sale? - ANSWER-junior lenders b/c they are in a secondary position when it comes to liens against the property and realize there may n...
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Add to cartWhen does oregon's property tax year begin? - ANSWER-July 1st and ends on june 30th of the next year What lender would be the least likely to approve a short sale? - ANSWER-junior lenders b/c they are in a secondary position when it comes to liens against the property and realize there may n...
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