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Oregon Principal Broker License Examination — State Section — Information & Free Practice

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Oregon Principal Broker License Examination — State Section

Provider
PSI Services LLC
Format
Multiple choice
Exam questions
50 scored questions; additional unscored experimental questions may be administered
Time limit
90 minutes
Passing score
75%
Examination outline
  • License Law and Disciplinary Measures (7 items)
    • Licensing — License maintenance and renewal, including reinstatement and reactivation
    • Licensing — Transferring licenses and updating licensee information
    • Licensing — Exemptions
    • Licensing — Activities requiring license
    • Licensing — Registered business name maintenance/renewal
    • Violations and Disciplinary Measures — Violations (ORS 696.301)
    • Violations and Disciplinary Measures — Penalties and administrative actions
    • Violations and Disciplinary Measures — Investigations and Hearings
  • Handling of Clients’ Funds (5 items)
    • Clients’ Trust Accounts — Establishing and maintaining client trust accounts
    • Clients’ Trust Accounts — Recordkeeping
    • Clients’ Trust Accounts — Reconciliation
    • Earnest Money
  • Agency Law and Rules (5 items)
    • Disclosed limited agency
    • Affirmative duties of agent
    • Types of agency
    • Disclosure of agency relationships
  • Regulation of Broker Activities (8 items)
    • Brokerage Activities — Advertising
    • Brokerage Activities — Broker price opinions and competitive market analyses
    • Brokerage Activities — Offers to purchase
    • Brokerage Activities — Listing agreements
    • Brokerage Activities — Licensee as principal in a transaction
    • Broker/Principal Broker Relationships — Compensation and prohibited compensation
    • Broker/Principal Broker Relationships — Employment Agreements
    • Broker/Principal Broker Relationships — Registered Business Names
  • Document Handling and Recordkeeping (4 items)
    • Time to submit to principal broker
    • Record retention and storage
    • Rules for specific types of records
  • Property Management (6 items)
    • Property Management Agreements and Terminations
    • Records and Receipts
    • Residential Landlord and Tenant Act (ORS 90.100 - 90.840)/Rent Control
    • Property Manager Duties and Obligations
  • Oregon Real Estate Related Statutes (15 items)
    • Assessment and Taxation of Real Property
    • Subdivisions and Partitions (ORS 92.010 - 92.990)
    • Oregon Water Rights
    • Oregon Construction Lien Law (ORS 87.001 - 87.093)
    • Oregon Discrimination Statute ORS 659A.421
    • Oregon Trust Deed Act (ORS 86.705 - 86.795)
    • Oregon Land Use Law
    • Oregon Property Disclosure Statement and Stigmatized Properties
    • Agricultural and Forest
    • Foreclosures and Short Sales
    • Common Interest Ownership and Special Requirements — Condos, timeshares, etc.
    • Forms of Ownership - tenancy by the entirety
    • Manufactured Homes
    • Oregon Environmental Regulation
    • Rectangular Survey System
Examination sources