Oregon Real Estate Exam (PSI) Questions with Verified Answers | Latest

Oregon Real Estate Exam (PSI) Questions with Verified Answers | Latest
Question 1: How many consecutive years of non-use of water
does one lose their water rights in Oregon?
CORRECT ANSWER: 5 consecutive years, the right is
considered forfeited
Question 2: Who must register the business name?
CORRECT ANSWER: Principal Broker, must register the
business name with REA-(Real Estate Agency) under their
name.
Question 3: How long must real estate documents be kept?
CORRECT ANSWER: 6 years, from the date the transaction
was accepted, rejected, or withdrawn
Question 4: Who approves advertising?
CORRECT ANSWER: The principal broker
Question 5: When should the principal broker review a brokers
Documents?

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