Oregon License Law
The Oregon Real Estate Agency (OREA) is authorized to do which of the following?
ASet real estate commission rates
BInvestigate complaints, conduct hearings, and discipline licensees✓ Correct
CGuarantee the performance of real estate contracts
DSet mortgage interest rates for Oregon lenders
Explanation
OREA is the state regulatory agency for Oregon real estate licensees. Its powers include: licensing and renewing licenses, investigating consumer complaints, conducting administrative hearings, imposing disciplinary actions (suspension, revocation, civil penalties), approving pre-license education providers, and adopting administrative rules. OREA does NOT set commission rates (which are negotiated), guarantee contracts, or regulate mortgage interest rates.
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