Quick Answer: Who of the following is required by Oregon law to have a real estate license?

Which of the following is required to have an Oregon real estate license?

Complete 150 hours of required broker pre-license education from an Agency-approved real estate school. Give your Applicant ID number and full name to the school. ​The real estate school will make you eligible to take the license exam. Only courses completed on or after January 1, 2013, meet licensing requirements.

Which of the following constitutes engaging in professional real estate activity as defined by Oregon law?

Which of the following constitutes engaging in professional real estate activity as defined by Oregon law? A person who, for a fee, rents real estate owned by others to the public & A person who, for a fee, assists owners only in procuring prospective tenants for the owners’ rental property.

Which would be considered a branch office by the Oregon real estate Agency?

Only​ principal brokers and property managers conducting professional real estate activity under a registered business name (RBN) can open and register a branch office. A branch office is a location where an RBN’s business is conducted separate from the RBN’s main office location.

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Which of the following is a task an unlicensed person can legally perform?

According to the policy, unlicensed assistants may perform the following activities: Answer the phone and forward calls to licensee. … Write and prepare ads (with review of licensee), flyers and promotional materials and place such advertising. Record and deposit earnest money and other trust funds.

Who is exempt from Oregon real estate law?

The bill as enacted now exempts: Employees of limited liability companies who are engaged in the rental or management, but not the sale, exchange, lease option or purchase, of real property of the limited liability company.

Is the Oregon real estate exam hard?

The real estate exam is a knowledge test. It does not test applicants on information that they will intuitively know. In other words, you must study to pass this exam. … With proper preparation, the real estate exam is not that hard.

Who are exempt from the real estate licensing education requirements in California?

70/30 Continuing Education Exemption. , real estate licensees who submit satisfactory evidence to the Commissioner that they are 70 years of age or older and have been “licensees in good standing” for 30 continuous years in California are exempt from the continuing education requirements for license renewal.

Which of the following activities is a licensed salesperson allowed to engage in?

Which of the following activities is a licensed salesperson allowed to engage in? Accept a listing that is in an associate’s name. Accept a commission directly from the MLS. Offer a property for lease on behalf of the employing broker.

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Is title insurance required by law in Oregon?

Yes. Title insurance in several forms is issued to real estate owners, purchasers under contracts of sale, and mortgage lenders. There are other special forms of coverage. Title insurance policy forms are standardized.

What is the salary for real estate agents?

The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.

How much does a realtor make in Oregon?

The average salary for a real estate agent in Oregon is around $49,162 per year.