Oregon License Law
An Oregon principal broker wants to operate a real estate business under a name other than their own. What must they do?
ASimply begin using the trade name without any registration
BRegister the assumed business name with OREA and the Oregon Secretary of State✓ Correct
CObtain approval from the local Multiple Listing Service
DFile a DBA only with the county clerk
Explanation
An Oregon principal broker operating under an assumed business name must register the name with both OREA and the Oregon Secretary of State. This ensures transparency and accountability in real estate transactions, protecting consumers who rely on knowing who is responsible for licensed activities.
Related Oregon Oregon License Law Questions
- An Oregon principal broker license requires the applicant to have held an active broker license for at least how long?
- Under OREA rules, an Oregon licensee who receives multiple offers on a listing must:
- A broker who assists both parties in a transaction and fails to disclose the dual representation to both parties is:
- When an Oregon real estate brokerage changes its registered business name, the principal broker must:
- Oregon real estate licenses must be renewed every:
- A broker in Oregon wants to advertise a listing on social media. Which of the following is required?
- Which state agency licenses and regulates real estate professionals in Oregon?
- In Oregon, which of the following would be a violation of the 'duty of honesty' owed by a licensee to all parties?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →