Free Oregon Real Estate Broker License Examination — State Section Practice Questions

Sample Practice Questions

Try these 10 sample questions from the Oregon Real Estate Broker License Examination — State Section practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1An Oregon broker's active license is approaching its regular expiration. How much continuing education must the broker complete to renew it on active status?

   1. A. 20 hours
   2. B. 24 hours
   3. C. 30 hours
   4. D. 40 hours

   Answer: C

   Explanation: ORS 696.174 says the licensee "must complete 30 hours of real estate continuing education courses" during the preceding two years, so 30 hours is required.

   Reference: Oregon Revised Statutes — ORS 696.174

2. 2An authorized principal broker opens a clients' trust account for sales transactions. By when must the Agency be notified?

   1. A. Within 3 banking days
   2. B. Within 5 banking days
   3. C. Within 10 business days
   4. D. Within 30 calendar days

   Answer: C

   Explanation: OAR 863-015-0255 requires notice "Within 10 business days from the date a clients' trust account is opened," so the correct period is 10 business days.

   Reference: Oregon Administrative Rules — OAR 863-014-0095

3. 3One Oregon brokerage represents both seller and buyer in the same transaction. What written arrangement is required before acting for both sides?

   1. A. A disclosed limited agency agreement
   2. B. A seller representation agreement only
   3. C. A buyer representation agreement only
   4. D. An agency acknowledgment form only

   Answer: A

   Explanation: ORS 696.815 permits dual representation "as a disclosed limited agent under a disclosed limited agency agreement, with full disclosure of the relationship."

   Reference: Oregon Revised Statutes — ORS 696.810

4. 4An Oregon broker posts an online property advertisement. How must the registered business name appear?

   1. A. Immediately noticeable
   2. B. Noticeable after opening a secondary page
   3. C. Available through a separate records request
   4. D. Visible only after the advertisement expires

   Answer: A

   Explanation: OAR 863-015-0125 says the registered business name "shall be immediately noticeable in all advertising."

   Reference: Oregon Administrative Rules — OAR 863-014-0095

5. 5A broker receives a signed addendum in an Oregon transaction. By when must it be transmitted to the authorized principal broker?

   1. A. Within 1 calendar day
   2. B. Within 3 banking days
   3. C. Within 7 banking days
   4. D. Within 10 business days

   Answer: B

   Explanation: The rule says the licensee "must transmit the document to the licensee's authorized principal broker within 3 banking days" of receipt.

   Reference: Oregon Administrative Rules — OAR 863-014-0095

6. 6May an Oregon property manager manage rental real estate without a current written agreement with the owner?

   1. A. No, a written unexpired property management agreement is required
   2. B. Yes, for the first 90 days
   3. C. Yes, if rent is paid in cash
   4. D. Yes, whenever the tenant consents

   Answer: A

   Explanation: OAR 863-025-0020 says a property manager "must not engage in the management of rental real estate without a written, unexpired property management agreement."

   Reference: Oregon Administrative Rules — OAR 863-014-0095

7. 7Which pair of value concepts is central to Oregon real-property assessment?

   1. A. Real market value and maximum assessed value
   2. B. Contract price and broker price opinion
   3. C. Replacement cost and insured value
   4. D. Listing price and mortgage payoff

   Answer: A

   Explanation: ORS 308.205 defines "Real market value" for Oregon property assessment, while ORS 308.146 supplies the maximum-assessed-value framework. The other pairs are valuation or transaction concepts, not the statutory assessment pair.

   Reference: Oregon Revised Statutes — ORS 308.205 and 308.146

8. 8A broker lets an Oregon license expire and wants to renew it 18 months later. Which status rule controls?

   1. A. It may be renewed as a lapsed license within one year only
   2. B. It may be renewed as a lapsed license within two years
   3. C. It must remain inactive for three years
   4. D. It automatically becomes active after fees are paid

   Answer: B

   Explanation: The Oregon rule permits renewal during the period before the license becomes ineligible for renewal; the statutory definition says an expired license "may still be renewed." At 18 months the two-year renewal window remains open.

   Reference: Oregon Revised Statutes — OAR 863-014-0063

9. 9Which feature is permitted on checks used to disburse funds from an Oregon sales clients' trust account?

   1. A. Unnumbered checks from one numbering sequence
   2. B. Pre-numbered checks from one numbering sequence
   3. C. Pre-numbered checks from separate numbering sequences
   4. D. Unnumbered checks from separate numbering sequences

   Answer: B

   Explanation: The rule says trust-account checks "must be pre-numbered, issued from one numbering sequence," making that combination uniquely correct.

   Reference: Oregon Administrative Rules — OAR 863-014-0095

10. 10A real estate team already represents one buyer for a property and another team member wants to represent a competing buyer. What is the Oregon prerequisite?

    1. A. Execute disclosed limited agency agreements
    2. B. Execute separate exclusive listing agreements
    3. C. Execute separate property management agreements
    4. D. Execute separate compensation-sharing agreements

    Answer: A

    Explanation: The team disclosure rule says the team "must have a disclosed limited agency agreement in place" before acting for competing buyers for the same property.

    Reference: Oregon Administrative Rules — OAR 863-014-0095