Oregon License Law
OREA may take disciplinary action against an Oregon licensee for which of the following?
ARepresenting a buyer without a written agreement
BFailing to disclose a known material defect to a buyer✓ Correct
CShowing properties on behalf of a different brokerage with permission
DAdvertising a home for sale before it goes on the MLS
Explanation
Under ORS Chapter 696, OREA has authority to discipline licensees for failing to disclose known material defects, which is a violation of the duty of honesty and fair dealing. This can result in license suspension, revocation, fines, or other sanctions.
People Also Study
Related Oregon Questions
- In Oregon, the duty to disclose material facts applies to which licensees?Agency
- In Oregon, which of the following would be a violation of the 'duty of honesty' owed by a licensee to all parties?Oregon License Law
- Oregon's real estate license law gives OREA authority to issue cease and desist orders against:Oregon License Law
- Under ORS Chapter 696, what is the maximum civil penalty OREA may impose on an Oregon licensee for a violation?Oregon License Law
- Oregon's 'Material Facts' disclosure obligation means a licensee must disclose:Oregon License Law
- An Oregon listing broker discovers a material defect in the listed property that the seller wants kept secret. The broker's correct action is to:Agency
- Under the federal Fair Housing Act, the maximum civil penalty for a FIRST fair housing violation (if the violator has no prior violations) can be up to:Fair Housing
- Oregon's fair housing law adds 'familial status' protection, meaning a landlord may NOT discriminate against:Fair Housing
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
Math Concepts
State-Specific Concepts
License Law
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →