Before you read
Test yourself first: 5 questions
Question 1 of 5
Under Oregon law, when must a seller of residential real property generally deliver the Seller's Property Disclosure Statement to a buyer?
Answer: B. Oregon requires the seller to deliver the Seller's Property Disclosure Statement to the buyer, and the buyer has a statutory right to revoke the offer within five business days of receiving it if the disclosures are unsatisfactory.
Question 2 of 5
To keep an Oregon real estate license active, a licensee must satisfy what ongoing requirement before renewal?
Answer: B. Oregon licensees must complete required continuing education during each renewal cycle to keep their license active; they do not retake the original licensing exam.
Question 3 of 5
An Oregon broker wishes to open and independently operate their own brokerage and supervise other brokers. What license must they hold?
Answer: A. To independently operate a brokerage and supervise other brokers and trust accounts, a person must qualify for and hold a principal broker license. A broker license alone does not authorize independent operation or supervision of other licensees.
Question 4 of 5
Advertising property in a way that is false or likely to mislead the public is best described as what under Oregon real estate rules?
Answer: B. Oregon prohibits false or misleading advertising by licensees. Advertisements must be truthful and not deceive consumers about the property or the licensee's role.
Question 5 of 5
Under Oregon agency law, what document must a licensee provide to explain the types of agency relationships available to consumers?
Answer: A. Oregon requires licensees to provide consumers with an Initial Agency Disclosure Pamphlet that explains the available agency relationships, such as seller, buyer, and disclosed limited agency.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
Buyers have a statutory right to revoke the offer within a set period after receiving the statement if disclosures reveal problems. Licensees must disclose material facts they know about a property and cannot misrepresent or conceal them, and federal lead-based-paint disclosure applies to pre-1978 homes. Oregon is not a community property state, so marital-property ownership is determined by title and contract rather than by community property rules.
Disclosures Oregon Sellers and Licensees Must Make: FAQs
Is Disclosures Oregon Sellers and Licensees Must Make on the real estate exam?
Yes. State License Law is a scored domain on the Oregon real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does Oregon test this differently?
Oregon applies its own license law on top of the national portion. This page covers the Oregon rules specifically, which is what the state section of your exam tests.
