Oregon Real Estate Practice Exam
(Free Questions & Answers)
The Oregon real estate exam is administered by the Oregon Real Estate Agency (OREA) and Oregon requires 150 hours of pre-license education — the highest requirement in the country. Oregon's mandatory Seller's Property Disclosure Statement is unique because Oregon buyers have a legal right to rescind their offer after receiving the disclosure — a right that must be exercised within a specific timeframe. OREA also mandates a Written Agency Disclosure Pamphlet that must be provided at first substantial contact, and Oregon's environmental disclosure requirements are among the most comprehensive in the country.
Administered by: Oregon Real Estate Agency · 130 questions · Passing score: 75%
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Oregon Exam Study Resources
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Free Oregon Real Estate Practice Exam Questions
Test your knowledge with these Oregon real estate practice questions. Each question is based on topics from the Oregon Real Estate Agency exam and includes detailed explanations.
Q1. Which state agency licenses and regulates real estate professionals in Oregon?
Explanation
The Oregon Real Estate Agency (OREA) is the state agency responsible for licensing real estate brokers, principal brokers, and property managers, and for enforcing Oregon real estate law.
Q2. In Oregon, the initial agency disclosure form must be provided to a consumer:
Explanation
Oregon requires licensees to provide consumers with the 'Initial Agency Disclosure Pamphlet' before providing any substantive real estate services. This ensures consumers understand the nature of the agency relationship being offered.
Q3. In Oregon, the buyer's right to rescind after receiving a Seller's Property Disclosure Statement is:
Explanation
Oregon law gives buyers 5 business days after receiving the Seller's Property Disclosure Statement to rescind their offer without penalty. This right ensures buyers have an opportunity to review the disclosure before being bound.
Q4. A VA loan is available to eligible veterans and is unique in that it:
Explanation
VA loans, guaranteed by the U.S. Department of Veterans Affairs, typically require no down payment and no private mortgage insurance (PMI), making them a significant benefit for eligible veterans, active-duty service members, and surviving spouses.
Q5. Oregon is a lien theory state, which means:
Explanation
In a lien theory state like Oregon, the borrower (mortgagor) retains title to the property, and the lender (mortgagee) holds a lien on the property as security for the loan. This contrasts with title theory states where the lender holds title.
Q6. The income capitalization approach to value is most useful for appraising:
Explanation
The income capitalization approach values property based on its income-producing potential. It is the primary method for appraising income-producing properties like apartment buildings, retail centers, and office buildings.
Q7. Oregon's fair housing law protects additional classes beyond the federal Fair Housing Act. Which class is an Oregon-specific addition?
Explanation
Oregon's fair housing law extends protection beyond the seven federal classes to include marital status, sexual orientation, gender identity, and source of income, among others. These state-level protections provide broader coverage than federal law alone.
Q8. In Oregon, licensed escrow agents are regulated by:
Explanation
Oregon escrow agents are licensed and regulated by the Oregon Division of Financial Regulation, which is part of the Department of Consumer and Business Services. Real estate brokers handle real property transactions but separate escrow company licensing is required for escrow agents.
Q9. A property in Oregon has a market value of $480,000 and is assessed at 90% of market value. The tax rate is $12.50 per $1,000 of assessed value. What is the annual property tax?
Explanation
Assessed value: $480,000 × 0.90 = $432,000. Annual tax: $432,000 × ($12.50 ÷ $1,000) = $432,000 × 0.0125 = $5,400.
Q10. Radon is a naturally occurring radioactive gas that forms from the decay of:
Explanation
Radon is a colorless, odorless radioactive gas produced by the natural decay of uranium in soil and rock. It can enter buildings through foundation cracks and accumulate to dangerous levels. The EPA recommends mitigation when indoor levels exceed 4 pCi/L.
Q11. Oregon's Statewide Planning Goal 14 requires Oregon cities and counties to establish:
Explanation
Oregon's Statewide Planning Goal 14 (Urbanization) requires all Oregon cities to establish Urban Growth Boundaries (UGBs) to manage growth, direct urban development to appropriate areas, and protect farmland and forests outside urban areas.
Q12. Under the Oregon Residential Landlord and Tenant Act (ORLTA), a landlord must return a tenant's security deposit within how many days after the tenancy ends?
Explanation
Oregon's Residential Landlord and Tenant Act (ORS 90.300) requires a landlord to return the tenant's security deposit (or provide an itemized written statement of deductions) within 31 days after the tenancy terminates and the tenant delivers possession.
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Oregon Real Estate Exam — What to Expect
What Is On The Oregon Real Estate Exam?
The Oregon real estate salesperson exam is administered by the Oregon Real Estate Agency and tests both national real estate principles and Oregon-specific laws and regulations. The exam contains 130 multiple-choice questions, and you must score at least 75% to pass.
The national portion covers topics that apply in every state: property ownership, land use controls, valuation and market analysis, financing, agency law, contracts, leasing and property management, transfer of title, fair housing laws, and real estate calculations. The state portion tests knowledge specific to Oregon — including regulations set by the Oregon Real Estate Agency, Oregon agency disclosure requirements, and state-specific contract and closing practices.
Topics covered on the Oregon exam include: Property Ownership, Agency Law, Contracts, Finance, Oregon License Law, Fair Housing. Candidates who struggle on the OR exam typically underestimate the state-specific portion — the national content is well-covered by most study materials, but Oregon law questions require targeted preparation.
How Many Questions Are On The Oregon Exam?
The Oregon real estate salesperson exam has 130 multiple-choice questions. The exam is divided into a national section covering general real estate principles and a state section covering Oregon-specific laws administered by the Oregon Real Estate Agency. You have 3 hours to complete the exam.
Oregon Real Estate Exam Passing Score
You need a 75% to pass the Oregon real estate exam. The first-time pass rate in Oregon is approximately 53%, which means preparation is essential — most candidates who fail do so because they focused on national content and underestimated the OR-specific portion. Our Oregon practice exam is built specifically around the Oregon Real Estate Agency exam outline.
Most Difficult Topics On The Oregon Exam
These are the areas where Oregon candidates most commonly lose points.
Oregon requires 150 hours of pre-license education — the highest in the country. The Oregon Real Estate Agency's specific licensing requirements, supervision rules, and renewal mandates are heavily tested on the state exam.
Oregon's seller disclosure is unique because buyers have a statutory right to rescind their offer after receiving it within a specific timeframe. This Oregon-specific rescission right is frequently tested and differs from other states.
Oregon requires licensees to provide a Written Agency Disclosure Pamphlet at first substantial contact. The timing and content requirements for this pamphlet are tested on the state portion.
Oregon has some of the most comprehensive environmental disclosure requirements in the country. Questions on underground storage tanks, environmental contamination, and Oregon-specific hazardous materials disclosure appear on the state exam.
Oregon Real Estate Math
The Oregon real estate exam includes math questions covering commission calculations, loan-to-value (LTV) ratios, property tax prorations, area and volume, and appreciation/depreciation. A common example: if a property sells for $350,000 and the total commission is 6%, split equally between listing and buyer's broker, each side earns $10,500. Proration questions — such as calculating how many days of property taxes a seller owes at closing — are also common. On the OR exam, you will not need a calculator for most math questions, but you do need to understand the formulas. Practice the "T-bar" method for commission splits and the 360-day banker's year for prorations.
How To Get Your Oregon Real Estate License
- 1Complete 150 hours of state-approved pre-license education covering topics required by the Oregon Real Estate Agency.
- 2Submit your application to the Oregon Real Estate Agency and pay the required fees (exam fee: $75).
- 3Pass the Oregon real estate salesperson exam (130 questions, 75% to pass).
- 4Complete a background check and fingerprinting as required by Oregon law.
- 5Find a licensed sponsoring/employing broker to activate your license.
- 6Complete any required post-licensing education within the timeframe set by the Oregon Real Estate Agency.
Best Study Strategy For The Oregon Exam
Start with Oregon license law first. State-specific regulations administered by the Oregon Real Estate Agency make up a significant portion of the OR exam and are not covered in most national study materials.
Master the math early. The Oregon real estate exam includes questions on commission calculations, prorations, loan-to-value ratios, and area calculations. Set aside dedicated math practice sessions — don't leave it until the last week.
Take timed practice exams. The Oregon exam has 130 questions within a 3 hours time limit. Simulate exam conditions to build stamina and identify weak topics before exam day.
Focus heavily on agency law. Agency relationships, disclosure requirements, and fiduciary duties are consistently among the most-tested topics on the OR exam. Understand the difference between seller's agent, buyer's agent, dual agent, and transaction broker in the context of Oregon law.
Review Fair Housing thoroughly. Federal Fair Housing Act protections apply in all states, but Oregon may have additional protected classes. Know both federal and Oregon-specific protections cold — this topic appears on virtually every exam.
Use active recall, not passive reading. Instead of re-reading notes, quiz yourself. Use flashcards or practice questions to test retention. Research shows active recall improves long-term retention significantly compared to passive review.
Oregon Real Estate Exam — Frequently Asked Questions
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