Oregon License Law
The primary purpose of the Oregon Real Estate Agency (OREA) is to:
APromote Oregon real estate sales and economic development
BProtect the public interest through licensing and regulating real estate professionals✓ Correct
CProvide legal assistance to buyers in real estate disputes
DMaintain the statewide Multiple Listing Service
Explanation
OREA's primary mission is consumer protection — to protect the public by ensuring that real estate professionals are qualified, ethical, and competent. OREA accomplishes this through licensing, education requirements, and enforcement of real estate law.
Related Oregon Oregon License Law Questions
- The term 'net listing' in Oregon is:
- The Oregon Real Estate Agency (OREA) Real Estate Account provides compensation to consumers who have been damaged by the fraudulent conduct of a licensed Oregon real estate agent. The maximum recovery per transaction is:
- Which of the following best describes Oregon's 'First Right of Refusal' in real estate?
- In Oregon, which of the following would be a violation of the 'duty of honesty' owed by a licensee to all parties?
- The OREA Real Estate License Law prohibits a real estate licensee from:
- Oregon ORS 696.301 lists grounds for discipline of a real estate licensee. Which of the following is a disciplinary ground under Oregon law?
- Under Oregon real estate law, a broker may accept a 'referral fee' from another broker for referring a client, provided:
- A licensed Oregon broker who moves to another state and wishes to transfer their license to that state will typically need to:
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