Oregon License Law
Which of the following best describes OREA's authority under Oregon law?
AOREA can negotiate commission rates for Oregon agents
BOREA licenses real estate professionals and enforces Oregon real estate law✓ Correct
COREA sets the MLS rules for Oregon
DOREA manages the Oregon housing market through price controls
Explanation
The Oregon Real Estate Agency (OREA) is the state agency that licenses and regulates real estate brokers, principal brokers, and property managers. OREA enforces ORS Chapter 696, investigates complaints, holds hearings, and takes disciplinary action against licensees who violate Oregon real estate law and rules.
Related Oregon Oregon License Law Questions
- Oregon OREA disciplinary hearings are conducted under Oregon's:
- Which of the following best describes 'earnest money' under Oregon practice?
- Under Oregon law, when must an Oregon real estate licensee provide an agency disclosure to a prospective buyer or seller?
- Under Oregon law, a real estate licensee who is convicted of a crime involving fraud or dishonesty must:
- How many hours of continuing education must Oregon real estate brokers complete per renewal cycle?
- The Oregon Real Estate Agency (OREA) is authorized to do which of the following?
- Oregon requires all real estate transactions involving compensation to be documented by written agreements. This requirement protects all parties by:
- An Oregon real estate broker who wants to work independently without affiliation with a principal broker must:
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →