Before you read
Test yourself first: 5 questions
Question 1 of 5
In Oregon, who bears ultimate responsibility for the proper maintenance and reconciliation of a real estate firm's clients' trust account?
Answer: B. 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.
Question 2 of 5
Under Oregon brokerage operation rules, which statement about transaction records is correct?
Answer: B. Oregon firms must retain transaction records, including agreements and related documents, for the required period and produce them for Agency inspection. The principal broker oversees this recordkeeping.
Question 3 of 5
Who is primarily responsible for maintaining and reconciling a brokerage's clients' trust account records in Oregon?
Answer: B. The principal broker is responsible for the brokerage's clients' trust accounts, including proper recordkeeping and reconciliation, as part of supervising the brokerage.
Question 4 of 5
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. 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.
Question 5 of 5
An Oregon sales team wants to market under the name 'Summit Elite Realty.' What is the key constraint on team or group names in advertising?
Answer: B. Oregon allows team names but they cannot mislead the public into thinking the team is an independent brokerage; advertising must clearly identify the registered business name of the firm the team works under.
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What you need to know
Brokers generally advertise under the supervision of their principal broker, and the principal broker's firm is responsible for ensuring advertising and trust-account handling comply with Oregon rules. Transaction and trust-account records must be retained for the period required by OREA and kept available for the Agency's inspection, with client funds held in proper clients' trust accounts and never commingled with the broker's own money.
Oregon Advertising & Record-Keeping Rules: FAQs
Is Oregon Advertising & Record-Keeping Rules 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.
