15 free questions from the Cinna RE Oregon real estate exam bank (90 in the app). Tap an answer to check it. The rationale opens right away.
Oregon does NOT offer formal license reciprocity with other states. What does this mean for an experienced agent licensed in another state who wants to practice in Oregon?
Answer: B. They must obtain an Oregon license by meeting Oregon's education and examination requirements (with possible course/exam consideration), not by automatic transfer
Oregon has no reciprocity agreements. An out-of-state licensee must qualify for an Oregon license by satisfying Oregon's requirements and passing the Oregon exam; prior experience or education may reduce some requirements but there is no automatic transfer.
When the Oregon Real Estate Agency receives a complaint that a licensee may have violated license law, what authority does it have?
Answer: B. It may investigate, subpoena records, and hold administrative hearings
The Agency has statutory authority to investigate alleged violations, compel the production of records, and conduct administrative (contested-case) hearings. Based on findings, it may impose discipline such as fines, license suspension, or revocation. It does not need a prior court order to investigate.
Under Oregon Real Estate Agency rules, where must client funds such as earnest money be held until the transaction closes or the funds are properly disbursed?
Answer: B. In a designated clients' trust account separate from the firm's operating funds
Oregon requires that money belonging to others be deposited in a clients' trust account that is kept entirely separate from the brokerage's business and personal funds. Mixing the two is prohibited commingling.
After receiving the Seller's Property Disclosure Statement, what right does an Oregon buyer typically have if the buyer is dissatisfied with the disclosures?
Answer: B. A statutory right to revoke the offer or agreement within a limited number of business days after receiving the statement
Oregon gives the buyer a statutory right to revoke the offer or the accepted agreement within a limited number of business days after receiving the Seller's Property Disclosure Statement (or, in some cases, the buyer may waive the statement in writing).
In a typical Oregon residential resale transaction, the seller is generally required to provide the buyer with which of the following?
Answer: A. A Seller's Property Disclosure Statement
Oregon law generally requires the seller of residential real property to deliver a Seller's Property Disclosure Statement to the buyer, giving the buyer information about the known condition of the property.
An Oregon broker places a 'for sale' ad online showing only a personal cell number and first name. What core advertising requirement is most likely missing?
Answer: B. Identification of the registered business name of the brokerage the broker is associated with
Oregon advertising rules require that ads identify the brokerage's registered business name so the public knows the licensed firm responsible. An individual broker cannot advertise as if independent of the firm.
Under Oregon's disclosed limited agency rules, a principal broker may assign different brokers in the same firm to represent the seller and the buyer separately. These individually assigned brokers are referred to as:
Answer: B. Designated brokers (agents)
Oregon allows a firm to use designated agency, in which the principal broker designates separate brokers within the firm to represent each party. This helps preserve more complete fiduciary-type duties for each side compared with one broker representing both.
Under Oregon license law, who is primarily responsible for maintaining the clients' trust account and supervising the handling of trust funds for a real estate firm?
Answer: A. The principal broker
The principal broker is responsible for the firm's clients' trust account and for supervising the proper handling and accounting of trust funds. Entry-level brokers generally do not maintain their own trust accounts.
Which agency is responsible for administering Oregon's real estate license law and taking disciplinary action against licensees who violate it?
Answer: A. The Oregon Real Estate Agency (OREA)
The Oregon Real Estate Agency (OREA), headed by the Real Estate Commissioner, administers the license law and is the body that investigates complaints and imposes discipline such as suspension or revocation.
If an Oregon licensee fails to renew their license by the expiration date and does not meet renewal requirements, what generally happens?
Answer: B. The license becomes inactive or lapses and the licensee may not practice
If renewal requirements are not met by the deadline, an Oregon license lapses or becomes inactive, and the person may not lawfully conduct real estate activity until reinstated.
An Oregon broker deposits an earnest money check into his personal checking account and uses part of it to pay rent before the transaction closes. This conduct is best described as:
Answer: B. Commingling and conversion of client funds, a serious license-law violation
Mixing client funds with personal funds is commingling, and spending those funds is conversion. Both are prohibited and can lead to suspension or revocation of the license.
Oregon licensees are generally required to provide which document explaining the types of agency relationships before entering into a representation agreement?
Answer: A. An agency disclosure pamphlet/notice describing agency relationships
Oregon requires licensees to provide consumers with an initial agency disclosure (commonly a pamphlet or notice) that explains the different agency relationships available, so the consumer understands who the licensee represents.
Oregon's fair housing law adds protected classes beyond the federal Fair Housing Act. Which of the following is a protected class under Oregon law that is NOT part of the federal seven?
Answer: B. Sexual orientation and gender identity
Oregon's fair housing statutes extend protection beyond the federal classes to include sexual orientation and gender identity, along with other added classes such as marital status and source of income. Race, color, and national origin are already federally protected.
In Oregon, who bears ultimate responsibility for the proper maintenance and reconciliation of a real estate firm's clients' trust account?
Answer: B. The principal broker (or company designated to manage the account)
Because an entry-level Oregon broker must work under supervision, the principal broker is accountable for the firm's trust account, including its setup, record-keeping, and periodic reconciliation.
Through what process does the Oregon Real Estate Agency create the detailed administrative rules that interpret and implement the real estate license statutes?
Answer: B. Through formal administrative rulemaking under the Commissioner's authority
The Agency, acting through the Commissioner's authority, adopts administrative rules via Oregon's formal rulemaking process (the Oregon Administrative Rules). These rules carry the force of law and fill in the operational detail of the statutes enacted by the legislature. Licensees do not vote rules into effect, and rulemaking is not a court function.
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