Oregon License Law
An Oregon principal broker is responsible for:
AOnly their own transactions and not those of affiliated brokers
BSupervising affiliated brokers and ensuring compliance with Oregon real estate law✓ Correct
CFiling taxes on behalf of all affiliated brokers
DGuaranteeing the accuracy of all MLS listings
Explanation
A principal broker in Oregon bears supervisory responsibility for all brokers affiliated with their firm. They must implement policies, provide training and oversight, review transactions, and ensure all brokerage activities comply with Oregon real estate law.
Related Oregon Oregon License Law Questions
- An Oregon licensee must report a change of address to OREA within how many days?
- The Oregon Real Estate Agency (OREA) requires broker applicants to complete how many hours of pre-license education?
- When an Oregon real estate brokerage changes its registered business name, the principal broker must:
- In Oregon, a newly licensed real estate broker must work under the supervision of a principal broker for at least:
- When Oregon OREA conducts a trust account audit and discovers a shortfall, which licensee(s) may face discipline?
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- Under Oregon law, a broker who operates their own real estate business without a principal broker license is committing:
- Which of the following is a prohibited act under Oregon's real estate license law?
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