An OREA pamphlet on agency relationships must be provided to consumers early in the relationship.
Before you read
Test yourself first: 5 questions
Question 1 of 5
Under Oregon's agency model, when a broker represents a buyer or seller as a client, which set of duties does the broker owe?
Answer: B. A represented party is a client, and Oregon brokers owe clients heightened, fiduciary-style duties including loyalty, confidentiality, obedience to lawful instructions, full disclosure, accounting, and reasonable care and diligence.
Question 2 of 5
Which state agency licenses and regulates real estate licensees in Oregon?
Answer: A. The Oregon Real Estate Agency (OREA) is the state body that licenses and regulates real estate brokers and principal brokers and administers Oregon real estate license law. A trade association like the Oregon Association of Realtors is a private membership group, not the regulator.
Question 3 of 5
If an Oregon licensee violates license law, which body has authority to discipline the licensee, including suspending or revoking the license?
Answer: A. The Oregon Real Estate Agency has the authority to investigate complaints and impose discipline, including license suspension or revocation, civil penalties, or other sanctions, for violations of Oregon license law.
Question 4 of 5
Which state agency administers real estate licensing and regulates real estate practice in Oregon?
Answer: A. The Oregon Real Estate Agency (OREA), headed by the Real Estate Commissioner, is the state body that licenses and regulates real estate professionals in Oregon.
Question 5 of 5
Which agency administers and enforces Oregon's real estate license law and rules?
Answer: B. The Oregon Real Estate Agency (OREA) is the state regulatory body that administers and enforces Oregon real estate license law and adopts the administrative rules. The Oregon Association of Realtors is a private trade group, not a regulator.
Keep the streak going with more questions like these, each with a full rationale.
Must-know rules
- Oregon uses 'agency' relationships established under the real estate agency disclosure rules.
- An OREA pamphlet on agency relationships must be provided to consumers early in the relationship.
- Seller agent, buyer agent, and disclosed limited agency (dual representation) are recognized.
- Disclosed limited agency requires informed written consent from all represented parties.
- A broker's agency duties typically attach to the broker and their supervising principal broker.
- Core duties to a client include loyalty, confidentiality, disclosure, accounting, and reasonable care/diligence.
- Even to non-clients, a broker owes honesty and disclosure of known material facts.
Oregon Agency Model Cheat Sheet: FAQs
Is Oregon Agency Model Cheat Sheet 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.
