OAS 2023 Practice Questions and Answers with complete
solution
Any promotional material distributed by an Oregon real estate broker associated with a
principal real estate broker
1) must comply with all fair housing laws.
2) may contain the direct telephone number of the real estate broker if the principal
broker's licensed name or registered business name is given (the registered business
name must be used if there is one).
I only
II only
Both I and II
Neither I nor II
Both I and II
When an active real estate broker associated with a principal real estate broker offers to
sell property in which he has an interest, the real estate broker must
1) include the fact he is a licensee on any advertisements if the property is not listed
with the principal broker and the principal broker does not require the advertisement to
be conducted in the principal broker's name.
2) transmit all documents and funds through his principal broker.
I only
II only
Both I and II
Neither I nor II
Both I and II
All advertisements relating to property listed for sale by a principal real estate broker
must
contain the selling price of the property.
indicate the location of the property.
include the business address of the principal broker or sole practitioner broker.
be done in the principal broker's registered name.
,be done in the principal broker's registered name.
All advertising for tenants by a real estate property manager licensee must
1) be reviewed by the property manager if prepared by the manager's non-licensed
employees.
2)include the property manager's licensed name.
I only
II only
Both I and II
Neither I nor II
Both I and II
Matthew Donaldson, an Oregon real estate broker associated with a principal real
estate broker, printed business cards for himself that read 'Matthew
Donaldson, Licensed Real Estate Broker.' Under Oregon administrative rules, what
other information must Donaldson include to comply with the rules?
1) Donaldson's home address and telephone number
2) Licensed or registered name of the principal real estate broker
I only
II only
Both I and II
Neither I nor II
II only
A principal broker must include his license status in advertisements for the
1) sale of his own home.
2) rental of apartments in a building he personally owns.
I only
II only
Both I and II
Neither I nor II
I only
,According to Oregon Administrative Rules, which of the following must be included in an
advertisement when listed property is offered for sale?
The price the owner is asking
The date the property will be available for possession
The registered name of the principal real estate broker
All of the above
The registered name of the principal real estate broker
An Oregon real estate broker associated with a principal real estate broker is
responsible for
providing the principal broker or branch manager with advertising prior to its use.
1) promptly transmitting any documents and 2)consideration received by the broker to
the principal broker.
I only
II only
Both I and II
Neither I nor II
Both I and II
Under administrative rules, an Oregon principal real estate broker may turn over full
authority to an associated real estate broker for which of the following principal broker
responsibilities?
1 ) Liability of all advertising done in the principal broker's name.
2) Review and approval of listings and earnest money agreements.
I only
II only
Both I and II
Neither I nor II
Neither I nor I
Sue, an active real estate broker associated with a principal real estate broker, places
advertisements in a newsletter published by a social group to which Sue belongs.
Which of the following must be included in the advertisements according to Oregon
administrative rules?
The licensed or registered name of Sue's principal broker.
, Sue's home telephone number.
Sue's real estate license number.
All of the above need to be included in the advertisement.
The licensed or registered name of Sue's principal broker.
Real estate brokers associated with principal brokers are responsible to do which of the
following under Oregon administrative rules?
Include the brokerage name on all advertising.
Maintaining a clients' trust account.
Immediately deposit earnest money into the principal broker's clients' trust account
Provide a copy of the listing agreement to the purchaser
Include the brokerage name on all advertising.
An Oregon real estate broker associated with a principal real estate broker would be in
violation of the Real Estate License Law and Administrative Rules if he
sold his own real property without the supervision of his principal broker.
did not reveal to the other party that he is a real estate licensee when selling his own
real property.
I only
II only
Both I and II
Neither I nor II
Both I and II
Which of the following is a supervision responsibility of an Oregon principal real estate
broker under the Real Estate License Law and Administrative Rules?
1) The purchase or sale of associated brokers' own real property
2)Advertising written by associated brokers for the principal broker's listings
I only
II only
Both I and II
solution
Any promotional material distributed by an Oregon real estate broker associated with a
principal real estate broker
1) must comply with all fair housing laws.
2) may contain the direct telephone number of the real estate broker if the principal
broker's licensed name or registered business name is given (the registered business
name must be used if there is one).
I only
II only
Both I and II
Neither I nor II
Both I and II
When an active real estate broker associated with a principal real estate broker offers to
sell property in which he has an interest, the real estate broker must
1) include the fact he is a licensee on any advertisements if the property is not listed
with the principal broker and the principal broker does not require the advertisement to
be conducted in the principal broker's name.
2) transmit all documents and funds through his principal broker.
I only
II only
Both I and II
Neither I nor II
Both I and II
All advertisements relating to property listed for sale by a principal real estate broker
must
contain the selling price of the property.
indicate the location of the property.
include the business address of the principal broker or sole practitioner broker.
be done in the principal broker's registered name.
,be done in the principal broker's registered name.
All advertising for tenants by a real estate property manager licensee must
1) be reviewed by the property manager if prepared by the manager's non-licensed
employees.
2)include the property manager's licensed name.
I only
II only
Both I and II
Neither I nor II
Both I and II
Matthew Donaldson, an Oregon real estate broker associated with a principal real
estate broker, printed business cards for himself that read 'Matthew
Donaldson, Licensed Real Estate Broker.' Under Oregon administrative rules, what
other information must Donaldson include to comply with the rules?
1) Donaldson's home address and telephone number
2) Licensed or registered name of the principal real estate broker
I only
II only
Both I and II
Neither I nor II
II only
A principal broker must include his license status in advertisements for the
1) sale of his own home.
2) rental of apartments in a building he personally owns.
I only
II only
Both I and II
Neither I nor II
I only
,According to Oregon Administrative Rules, which of the following must be included in an
advertisement when listed property is offered for sale?
The price the owner is asking
The date the property will be available for possession
The registered name of the principal real estate broker
All of the above
The registered name of the principal real estate broker
An Oregon real estate broker associated with a principal real estate broker is
responsible for
providing the principal broker or branch manager with advertising prior to its use.
1) promptly transmitting any documents and 2)consideration received by the broker to
the principal broker.
I only
II only
Both I and II
Neither I nor II
Both I and II
Under administrative rules, an Oregon principal real estate broker may turn over full
authority to an associated real estate broker for which of the following principal broker
responsibilities?
1 ) Liability of all advertising done in the principal broker's name.
2) Review and approval of listings and earnest money agreements.
I only
II only
Both I and II
Neither I nor II
Neither I nor I
Sue, an active real estate broker associated with a principal real estate broker, places
advertisements in a newsletter published by a social group to which Sue belongs.
Which of the following must be included in the advertisements according to Oregon
administrative rules?
The licensed or registered name of Sue's principal broker.
, Sue's home telephone number.
Sue's real estate license number.
All of the above need to be included in the advertisement.
The licensed or registered name of Sue's principal broker.
Real estate brokers associated with principal brokers are responsible to do which of the
following under Oregon administrative rules?
Include the brokerage name on all advertising.
Maintaining a clients' trust account.
Immediately deposit earnest money into the principal broker's clients' trust account
Provide a copy of the listing agreement to the purchaser
Include the brokerage name on all advertising.
An Oregon real estate broker associated with a principal real estate broker would be in
violation of the Real Estate License Law and Administrative Rules if he
sold his own real property without the supervision of his principal broker.
did not reveal to the other party that he is a real estate licensee when selling his own
real property.
I only
II only
Both I and II
Neither I nor II
Both I and II
Which of the following is a supervision responsibility of an Oregon principal real estate
broker under the Real Estate License Law and Administrative Rules?
1) The purchase or sale of associated brokers' own real property
2)Advertising written by associated brokers for the principal broker's listings
I only
II only
Both I and II
