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Real Estate Salesperson Exam — National Portion

Agency (OR): practice questions

Our Real Estate (National) bank has 8 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Oregon

When agents from the same Oregon brokerage represent buyer and seller, who is the disclosed limited agent?

  1. Both agents, as co-dual agents
  2. Managing principal broker
  3. No one
  4. The buyer's agent
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B. Managing principal broker — ORS 696.815(4).

Question 2 · Oregon

Can an Oregon agent's affirmative duties generally be waived?

  1. Yes, in writing
  2. Generally no
  3. Only for commercial deals
  4. Only by the commissioner
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B. Generally no — ORS 696.805(8) and 696.810(8).

Question 3 · Oregon

Which duty does an Oregon seller's agent owe to all parties, including the buyer?

  1. Loyalty to the seller above all
  2. Honesty and good faith
  3. Confidentiality
  4. Finding a buyer
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B. Honesty and good faith — ORS 696.805(5)(a).

Question 4 · Oregon

When must an Oregon buyer's agent sign a representation agreement?

  1. After closing
  2. Soon after help begins
  3. Only for offers over $500,000
  4. Never
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B. Soon after help begins — ORS 696.810(1)(a).

Question 5 · Oregon

When must an Oregon agent give the initial agency disclosure pamphlet?

  1. At closing
  2. At first contact
  3. When an offer is made
  4. Only if asked
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B. At first contact — ORS 696.820(2).

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