OREGON REAL ESTATE EXAM PSI EXAM
SCRIPT 2026 TESTED QUESTIONS WITH
SOLUTIONS GRADED A+
⩥ When the broker gets a listing, the broker is the agent and the
principal broker is the sub-agent.
True
False. Answer: False
The principal broker is the agent of the seller; the broker is a sub-agent
of the seller and an agent of the principal broker.
⩥ The principal broker's duty to supervise the broker extends only to
contractual documents.
True
False. Answer: False
The principal broker's duty to supervise the broker extends to real estate
activity that requires a license.
,⩥ Broker James knows that his client, Mr. Smith, will sell his house for
$25,000 less than the listed price. Mr. Smith did not give Broker James
authorization to repeat this information. When approached by the agent
of Buyer Bill, who inquired if there was any room for negotiation,
Broker James replied, "There's probably $25,000 wiggle room.
In so doing, Broker James violated his fiduciary duty of
disclosure.
care.
confidentiality.
accounting.. Answer: confidentiality.
⩥ A buyer and seller enter into a sale agreement through the efforts of
the listing licensee, and the licensee accepts an earnest money deposit
from the buyer. The licensee has liability to the buyer, and the buyer may
have recourse against the licensee, if
the licensee misrepresented facts to the buyer.
,the licensee gives the earnest money to the seller, and the seller backs
out of the transaction.
the licensee acts outside the limits of the authority granted by the parties.
All of the above.. Answer: All of the above.
⩥ Buyer representation means that the buyer's broker owes the full range
of fiduciary duties and obligations listed in the Oregon Revised Statutes
to
only the buyer.
both the buyer and seller.
only the seller.
neither the buyer nor the seller.. Answer: only the buyer.
⩥ Broker Brian lists Sarah's property. Buyer Jason contacted Broker
Brian and asked to be represented as a buyer for Sarah's property. Broker
Brian wrote an offer for Buyer Jason but failed to disclose to Seller
Sarah and Buyer Jason that he represents both of them in the same
transaction.
, Which fiduciary duty did Broker Brian violate by not disclosing his dual
agency?
Loyalty.
Obedience.
Accounting.
Care.. Answer: Loyalty.
⩥ Broker Don works for Prudent Realty, listed a house and found a
buyer who wrote an offer. Under Oregon license law, Don is the legal
agent of
the seller, the buyer, and his principal broker.
his principal broker.
the buyer.
the seller.. Answer: his principal broker.
SCRIPT 2026 TESTED QUESTIONS WITH
SOLUTIONS GRADED A+
⩥ When the broker gets a listing, the broker is the agent and the
principal broker is the sub-agent.
True
False. Answer: False
The principal broker is the agent of the seller; the broker is a sub-agent
of the seller and an agent of the principal broker.
⩥ The principal broker's duty to supervise the broker extends only to
contractual documents.
True
False. Answer: False
The principal broker's duty to supervise the broker extends to real estate
activity that requires a license.
,⩥ Broker James knows that his client, Mr. Smith, will sell his house for
$25,000 less than the listed price. Mr. Smith did not give Broker James
authorization to repeat this information. When approached by the agent
of Buyer Bill, who inquired if there was any room for negotiation,
Broker James replied, "There's probably $25,000 wiggle room.
In so doing, Broker James violated his fiduciary duty of
disclosure.
care.
confidentiality.
accounting.. Answer: confidentiality.
⩥ A buyer and seller enter into a sale agreement through the efforts of
the listing licensee, and the licensee accepts an earnest money deposit
from the buyer. The licensee has liability to the buyer, and the buyer may
have recourse against the licensee, if
the licensee misrepresented facts to the buyer.
,the licensee gives the earnest money to the seller, and the seller backs
out of the transaction.
the licensee acts outside the limits of the authority granted by the parties.
All of the above.. Answer: All of the above.
⩥ Buyer representation means that the buyer's broker owes the full range
of fiduciary duties and obligations listed in the Oregon Revised Statutes
to
only the buyer.
both the buyer and seller.
only the seller.
neither the buyer nor the seller.. Answer: only the buyer.
⩥ Broker Brian lists Sarah's property. Buyer Jason contacted Broker
Brian and asked to be represented as a buyer for Sarah's property. Broker
Brian wrote an offer for Buyer Jason but failed to disclose to Seller
Sarah and Buyer Jason that he represents both of them in the same
transaction.
, Which fiduciary duty did Broker Brian violate by not disclosing his dual
agency?
Loyalty.
Obedience.
Accounting.
Care.. Answer: Loyalty.
⩥ Broker Don works for Prudent Realty, listed a house and found a
buyer who wrote an offer. Under Oregon license law, Don is the legal
agent of
the seller, the buyer, and his principal broker.
his principal broker.
the buyer.
the seller.. Answer: his principal broker.
