OREGON REAL ESTATE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

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OREGON REAL ESTATE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Constructive eviction - Answer -Acts done or not done by the landlord which materially disturb or impair tenants occupancy so as the tenant is forced to leave Surrender and acceptance - Answer -Mutual agreement to terminate lease The residential landlord and tenant act - Answer -Covers leased structures used as home, residence or sleeping place. EXCLUDES nursing homes, lease to own, dorms, frats, resident managers homes Law of agency - Answer -Statutory law controlling the rights and duties of clients (principals) and agents (brokers) Fiduciary responsibility - Answer -Loyalty, obedience, accountability Commission - Answer -Committing an act of making a false statement Conversion - Answer -Using a clients funds for personal use Purchase money note - Answer -Note given to the seller in place of cash Initial agency disclosure pamphlet - Answer -Describes agency choices/must be given to seller prior to entering into listing agreement and to buyer when first contact is made Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com of buyer is seeking representation Disclosed limited agency - Answer -Seller and buyer represented by the same real estate business (whether that's a principal broker or associates broker) Sellers agent - Answer -Listing agent Selling agent - Answer -Agent who writes the offer (can be buyers agent, sellers agent or disclosed limited agent) Property condition disclosure law - Answer -Buyers right to receive disclosure statement on potential property, rescind transaction within 5 business days based on statement and to waive the right to rescind Lending collateral analysis - Answer -Real property market analysis for use by a lending institution in support of a loan application. The loan transaction must be less than 250K Balance sheet - Answer -Demonstrates the accounting value or financial position of the company. Based on assets and liabilities NOT income and expenses Net worth - Answer -Assets minus liabilities. Also known as equity Form W 4 - Answer -Used to determine fed and state income withholding tax Income statement - Answer -Aka profit and loss statement, income and expense statement or operating statement. Shows company's income and expenses or profit and loss for a given period. Shows net profit or net loss. Net profit/net loss - Answer -Found on the income statement. gross income minus Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com