A newly hired assistant refers to Oregon's entry-level real estate license as a "salesperson license." What is the accurate correction?
A. Oregon has no salesperson license tier; the entry-level license is legally called a "real estate broker," who must work under a principal broker
B. Oregon uses the term "salesperson" identically to most other states
C. Oregon calls the entry-level license a "realtor license"
D. Oregon only licenses "principal brokers" and has no entry-level tier at all
Show answer and reasoning
Correct answer: A. Oregon has no salesperson license tier; the entry-level license is legally called a "real estate broker," who must work under a principal broker
Correct. Under Oregon Real Estate Agency licensing, the entry-level license is titled "real estate broker," not "salesperson," and that broker must be associated with and supervised by a principal real estate broker.
- B: Wrong. Oregon does not use "salesperson" as a license title at all; this misstates Oregon's actual licensing terminology under ORS chapter 696.
- C: Wrong. "Realtor" is a trademarked designation for members of the National Association of Realtors, not an Oregon license title.
- D: Wrong. Oregon does license an entry-level tier, the real estate broker, in addition to the principal broker tier; it is not principal-broker-only.
Source: Oregon Real Estate Agency - Broker Licensing (oregon.gov/rea)
How many hours of Agency-approved pre-license education must an applicant complete before applying for an Oregon real estate broker license?
A. 60 hours across two courses
B. 150 hours across seven required courses covering law, finance, practices, contracts, agency, brokerage, and property management
C. 40 hours, matching the principal broker course requirement
D. There is no minimum hour requirement, only the exam matters
Show answer and reasoning
Correct answer: B. 150 hours across seven required courses covering law, finance, practices, contracts, agency, brokerage, and property management
Correct. Oregon requires 150 hours of broker pre-license education across seven required courses: Real Estate Law, Real Estate Finance, Oregon Real Estate Practices, Contracts, Agency, Real Estate Brokerage, and Property Management.
- A: Wrong. 60 hours understates Oregon's actual pre-license requirement, which is substantially higher and spans multiple required subject-area courses.
- C: Wrong. The 40-hour figure corresponds to the separate principal broker course requirement, not the initial broker pre-license education.
- D: Wrong. Completion of the 150-hour pre-license curriculum is a prerequisite to sitting for the state exam; the exam alone does not substitute for the coursework.
Source: Oregon Real Estate Agency - Broker Licensing (oregon.gov/rea)
A newly licensed Oregon real estate broker wants to begin representing clients independently, without any affiliation to a supervising office. Is this permitted?
A. No, a real estate broker may engage in professional real estate activity only while associated with and supervised by a principal real estate broker
B. Yes, brokers may always practice independently from day one
C. Yes, but only for transactions under $200,000
D. No, only principal brokers may ever represent buyers
Show answer and reasoning
Correct answer: A. No, a real estate broker may engage in professional real estate activity only while associated with and supervised by a principal real estate broker
Correct. Oregon real estate broker licensees must be associated with and supervised by a principal real estate broker to engage in professional real estate activity, a structural requirement distinct from many other states.
- B: Wrong. Independent practice from day one is not permitted; Oregon's licensing structure requires a broker to work under a supervising principal broker.
- C: Wrong. There is no transaction-value carve-out that allows an unsupervised broker to act independently under a certain price threshold.
- D: Wrong. Supervised brokers, not just principal brokers, do represent buyers; the requirement is supervision by a principal broker, not that only principal brokers may represent buyers.
Source: ORS 696.020
After completing the required pre-license coursework, who administers the Oregon real estate broker licensing exam?
A. The applicant's pre-license school directly
B. PSI, the Agency's approved third-party testing vendor
C. The National Association of Realtors
D. No exam is required if coursework is complete
Show answer and reasoning
Correct answer: B. PSI, the Agency's approved third-party testing vendor
Correct. Oregon applicants take the state broker licensing exam through PSI, the Oregon Real Estate Agency's approved testing administrator.
- A: Wrong. The pre-license school delivers the required coursework and its own proctored course final, but the state licensing exam itself is administered separately by PSI.
- C: Wrong. NAR is a private trade association for Realtor members and has no role administering Oregon's state licensing exam.
- D: Wrong. Passing the state licensing exam is a mandatory step after coursework, not an optional one.
Source: Oregon Real Estate Agency - Broker Licensing (oregon.gov/rea)
Under ORS 696.020, what is generally required of a person who engages in professional real estate activity for compensation in Oregon?
A. A current, active real estate license issued by the Oregon Real Estate Agency, subject to limited statutory exceptions
B. Nothing, as long as they disclose they are unlicensed
C. Only a business license from the city where the property is located
D. Membership in a local Realtor association
Show answer and reasoning
Correct answer: A. A current, active real estate license issued by the Oregon Real Estate Agency, subject to limited statutory exceptions
Correct. ORS 696.020 requires a person engaging in professional real estate activity for compensation to hold a current real estate license, subject to a narrow set of statutory exceptions such as certain attorney or owner activities.
- B: Wrong. Disclosure of unlicensed status does not exempt a person from the licensing requirement; ORS 696.020 requires licensure for professional real estate activity for compensation.
- C: Wrong. A local business license does not satisfy the state real estate licensing requirement under ORS 696.020.
- D: Wrong. Realtor association membership is a voluntary trade designation and is not a substitute for state real estate licensure.
Source: ORS 696.020
