Oregon Real Estate Exam Topics: Complete Content Breakdown

Oregon Exam Structure at a Glance

The Oregon real estate broker exam has 130 questions divided into two sections:

• National section: 80 questions covering universal real estate principles
• State section: 50 questions covering Oregon-specific law and practice

You have 3 hours total and need a 75% to pass (98 correct out of 130). PSI administers the exam at testing centers around Oregon.

National Section Topics

The 80-question national section covers the following major content areas. PSI publishes weighted percentages, so study accordingly.

Property Ownership and Land Use Controls — Types of ownership, interests in real property, legal descriptions, government rights (eminent domain, police power, escheat, taxation), zoning, and deed restrictions.

Valuation and Market Analysis — Three approaches to value (sales comparison, cost, income), appraisal process, market value vs. market price, comparative market analysis, and depreciation.

Financing — Mortgage types (conventional, FHA, VA, USDA), loan-to-value, debt-to-income ratios, Truth in Lending Act, RESPA, promissory notes, and deed of trust mechanics.

Contracts — Essential elements, offer and acceptance, contingencies, earnest money, rescission, breach remedies, and listing agreement types.

Agency — Creation and termination, fiduciary duties, buyer agency, seller agency, dual agency, and disclosure requirements.

Property Disclosures — Federal lead-based paint disclosure (pre-1978), material facts, seller's duty to disclose.

Leases and Property Management — Types of tenancy, lease elements, landlord-tenant rights, security deposits.

Transfer of Title — Deed types (warranty, grant, quitclaim), title insurance, closing process, settlement statements.

Fair Housing — Seven federal protected classes, prohibited acts, exemptions, ADA requirements.

Math — Commission calculations, prorations, loan payoff, appreciation, depreciation, capitalization rate.

Oregon State Section Topics

The 50-question state section is where Oregon-specific knowledge separates passing candidates from those who fall short.

OREA and Licensing Structure Oregon Real Estate Agency (OREA) is the regulatory body, headed by a Commissioner — not a board or commission. OREA operates under ORS Chapter 696. New licensees receive a broker license (Oregon has no salesperson tier). After three years as a broker, a licensee may qualify to become a principal broker.

Agency Relationships in Oregon Oregon requires an Agency Relationship Disclosure be provided to buyers and sellers at first substantial contact. The disclosure explains the different agency options available and must be signed before an offer is written.

Oregon Seller's Property Disclosure Statement Required for residential properties of 1-4 units. The seller must complete it; the agent cannot fill it out on the seller's behalf. Known defects and material facts must be disclosed.

Land Use Planning Oregon has the most robust statewide land use planning system in the U.S. Every city and county must adopt a comprehensive plan approved by the Land Conservation and Development Commission (LCDC). Urban growth boundaries limit development outside city limits and protect agricultural and forest land.

Oregon Fair Housing Oregon fair housing law adds several protected classes beyond the seven federal classes: marital status, sexual orientation, gender identity, source of income, and domestic violence victim status. Discrimination in any real estate transaction on the basis of these classes is prohibited.

Deed of Trust and Foreclosure Oregon is a deed of trust state. Non-judicial foreclosure (trustee sale) is the primary method, though judicial foreclosure is also available. Trustees and beneficiaries have specific notice and timeline requirements.

Transfer Tax Oregon imposes a Documentary Transfer Tax that varies by county. Some counties have additional local transfer taxes. This is a common exam topic — know that rates vary and are typically paid by the seller.

License Renewal and CE Licenses renew every two years. Continuing education is 30 hours per renewal cycle. First renewal requirements may differ for new brokers.

Priority Study Recommendation

Focus roughly 60% of your state-section prep time on: OREA authority, agency disclosure, Seller's Property Disclosure, land use planning (urban growth boundaries), and Oregon fair housing additions. These are consistently the heaviest-tested areas.

For a complete Oregon study guide, visit [CARealestate.com/states/oregon](https://carealestate.com/states/oregon).