Oregon Broker Exam Prep Edge Free Assessment for OR Real Estate Exam Prep

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In order to become an Oregon real estate agent, you'll need to pass the real estate exam! Below are free Oregon real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. Oregon's agricultural land use policy has the main purpose of ______.

  1. Assisting the public in living safe and healthy lives.
  2. Creating and maximizing opportunities for exporting.
  3. Keeping rural lands rural.
  4. Promoting a business climate that is fair and economically viable.

2. Which of the following must be approved by a planning department in Oregon before the development of a subdivision can begin?

  1. Percolation map
  2. Planning map
  3. Plat
  4. The vacant land purchase contract

3. Because Oregon property managers do a lot of number crunching and prepare monthly and yearly financial reports, they must have a command of ______.

  1. Advanced spreadsheet formulas
  2. Generally accepted accounting principles
  3. Several programming languages
  4. The English language

4. In Oregon, a promissory note used as earnest money ______.

  1. Comes due at closing
  2. Comes due when tendered
  3. Comes due when the seller accepts the offer or at another agreed upon time
  4. Is non-negotiable

5. Kelly, an Oregon licensee in Gresham, meets with her seller clients to present a written offer for their recently listed home. After delivering the offer, Kelly will need to make note of two major things for her records, specifically in relation to handling the offer. What are they?

  1. "The amount of the offer and the seller’s response
  2. The name of the buyer and the seller’s response
  3. The time and date the offer was delivered and the offer amount
  4. The time and date the offer was delivered and the seller’s response

6. An Oregon listing agreement must include ______.

  1. A copy of the seller’s property disclosure
  2. An agreement expiration date
  3. The name of the seller’s original lender, if applicable
  4. The transaction closing date

7. Orla represents the seller, and Pardeep, an agent from the same firm, represents the buyer in the same transaction. Kendrick is the principal broker over both Orla and Pardeep. What type of agency relationship does Orla have with her client?

  1. Buyer
  2. Limited disclosure
  3. Single
  4. Subagency

8. Oregon property manager Sarah has had a trust account open for one of her property owners for six months now. How many times has Sarah had to reconcile and record a reconciliation for this trust account?

  1. Approximately 24 times, because the account must be reconciled once per week.
  2. Six times, because the account must be reconciled once per month.
  3. Twice, because the account must be reconciled once per fiscal quarter.
  4. Zero times, because the account will be reconciled upon closing.
Answers: 1. C, 2. C, 3. B, 4. C, 5. D, 6. B, 7. C, 8. B

 

For a more comprehensive view into the types of questions you can expect on the exam, sign up for our free assessment. You’ll have the chance to review a 99-question real estate practice exam at no cost to you. Note that answers are only provided upon purchasing Exam Prep.

If you’re ready to feel confident about your upcoming licensing exam, you can purchase our Oregon real estate Exam Prep package. By purchasing one of our packages, you not only get to see the results from your free assessment, but you’ll also have access to an innovative Exam Prep Edge program that will put you in the best position to pass your test the first time around.

Here's What You Need to Know About Your Free Assessment

What is it?

Your free assessment consists of access to the Exam Prep Edge initial assessment exam that will give you immediate feedback on the topics you’ve mastered and the ones you still need to work on. Note that you’re required to purchase the program before you’re able to access the study materials or unlimited practice exams.

What do I need to do?

It's simple. Choose the program you want to try, sign up, and you're ready to get started. We won't even ask for credit card information until you're ready to buy.

Will my progress be saved?

Yes! The score from your free assessment will be saved. When you purchase the program, your progress will seamlessly transfer and you can pick up right where you left off.

What will it cost me?

Nothing at all! When we say free, we really mean it. Getting your real estate license is an investment and we want to show you how committed we are to helping you pass your exam. Take it for a test drive - you won’t be disappointed. Ready to buy?

Am I obligated to purchase by signing up?

Nope! We want you to be completely satisfied with Exam Prep Edge. You're not obligated to anything if you don't want to buy.

What happens when my free trial ends?

When you complete your free assessment, your program will be locked until you decide to purchase. If you like the program, you can purchase at any time. Get started!

 

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