Oregon License Law
Under ORS Chapter 696, what is the purpose of OREA's 'Real Estate Education and Research Fund'?
ATo reimburse licensees for CE course costs
BTo fund real estate education programs and consumer protection initiatives✓ Correct
CTo provide legal defense for licensees facing disciplinary action
DTo subsidize MLS membership fees for new licensees
Explanation
Oregon's Real Estate Education and Research Fund (RELLERF) supports the development and improvement of real estate education programs, research related to Oregon real estate markets, and consumer protection initiatives. Funded by license fees, it enables OREA to enhance the quality and accessibility of real estate education for licensees and consumers.
Related Oregon Oregon License Law Questions
- Under Oregon law, when must an Oregon real estate licensee provide an agency disclosure to a prospective buyer or seller?
- What is Oregon's 'Real Estate Transaction Record' requirement for licensees?
- Under OREA rules, an Oregon broker who moves to a new brokerage must update their license through which process?
- Oregon's real estate license law requires brokers to treat all parties honestly. This means a broker may NOT:
- Under ORS Chapter 696, an unlicensed person who acts as a real estate broker in Oregon is subject to:
- The Oregon Real Estate Agency (OREA) is authorized to do which of the following?
- An Oregon real estate broker who is also a licensed attorney may:
- Under Oregon law, which of the following describes an 'exclusive agency' listing?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →