Oregon Real Estate Exam Practice Questions (2025)

Why Oregon Practice Questions Are Different

Oregon licenses new agents as brokers — not salespersons — making it one of only a handful of states with that structure. That means state-section practice questions will test broker-level duties, agency relationships, and Oregon-specific disclosure forms rather than a generic salesperson framework.

The PSI exam has 130 questions total: 80 national and 50 state-specific. You need a 75% overall (98 correct) to pass. Because the state section is 50 questions — unusually large — drilling Oregon content matters more here than in most states.

Sample Practice Questions

Question 1: Under Oregon law, a new licensee who passes the broker exam is issued which type of license?

A) Salesperson B) Broker C) Associate Broker D) Provisional Broker

*Correct Answer: B — Oregon skips the salesperson tier entirely. New licensees enter as brokers and must work under a principal broker.*

Question 2: The Oregon Seller's Property Disclosure Statement is required for which type of transaction?

A) Commercial property only B) Residential property with 5 or more units C) Residential property of 1-4 units D) Any sale over $500,000

*Correct Answer: C — Oregon requires the Seller's Property Disclosure for 1-4 unit residential sales.*

Question 3: Oregon's statewide land use planning system requires most cities to establish:

A) Minimum lot sizes B) Urban growth boundaries C) Agricultural preservation easements D) Coastal setback zones

*Correct Answer: B — Oregon's statewide land use planning law (ORS Chapter 197) requires cities and counties to adopt urban growth boundaries to manage development.*

Question 4: Which agency regulates real estate licenses in Oregon?

A) Oregon Real Estate Commission B) Oregon Department of Consumer and Business Services C) Oregon Real Estate Agency (OREA) D) Oregon Bureau of Labor and Industries

*Correct Answer: C — OREA, headed by a Commissioner, is the sole regulator. Oregon has no separate commission board.*

Question 5: Oregon is best described as which type of state for mortgage financing?

A) Mortgage lien theory state B) Deed of trust state C) Title theory state D) Community property state

*Correct Answer: B — Oregon uses deeds of trust as the primary security instrument for real estate loans.*

National Section Practice Focus

The national 80-question section tests universal real estate principles. High-yield national topics include:

Agency law — creation, types (buyer, seller, dual), duties
Contracts — essential elements, contingencies, breach
Fair housing — seven federal protected classes, prohibited acts
Finance — loan types, LTV, qualifying ratios, Truth in Lending
Valuation — three approaches to value, CMA vs. appraisal
Math — commission calculations, prorations, loan payoff

For commission math, practice this formula: Commission = Sale Price x Rate. For prorations: Daily Rate = Annual Amount / 365, then multiply by days owed.

Oregon-Specific Study Checklist

Before exam day, confirm you can answer questions on:

Oregon broker license structure (no salesperson tier)
Principal broker requirements (3 years as broker minimum)
OREA and Commissioner authority under ORS Chapter 696
Oregon Agency Relationship Disclosure form — when it is required
Oregon Seller's Property Disclosure Statement — scope and exemptions
Urban growth boundaries and statewide land use planning
Fair housing additions: marital status, sexual orientation, gender identity, source of income, domestic violence victim status
Oregon deed of trust foreclosure process
Documentary transfer tax (varies by county)

Building a Practice Question Routine

Aim for at least 500 practice questions before exam day. Split your sessions: 60% national questions, 40% Oregon-specific. After each wrong answer, write a one-sentence explanation of the correct rule — this forces active recall rather than passive re-reading.

PSI provides a candidate handbook with a content outline. Map your practice questions to that outline to ensure you have covered every weighted topic.

Ready to start preparing? Visit [CARealestate.com/states/oregon](https://carealestate.com/states/oregon) for a full Oregon study guide and additional practice resources.