Free Oregon Real Estate Practice Exam

Q1.Under the Fair Housing Act, which contract provision would be considered discriminatory and illegal?

• A.Requiring proof of income from all buyers
• B.Setting a minimum credit score requirement
• C.Stating 'no children allowed' in the property
• D.Requiring a home inspection

Q2.A property management broker oversees a 120-unit residential complex. A prospective tenant who uses a wheelchair requests that the broker allow her to install grab bars in the bathroom at her own expense. The broker refuses, citing a lease clause prohibiting all alterations. Under the Fair Housing Act, which statement best describes the broker's legal exposure?

• A.The broker has violated the FHA because refusing a reasonable modification request by a person with a disability is unlawful, even if the lease broadly prohibits alterations.
• B.The broker has not violated the FHA because a blanket no-alteration lease clause is a neutral policy that applies equally to all tenants.
• C.The broker has not violated the FHA because the FHA's reasonable modification requirement applies only to properties with more than 150 units.
• D.The broker has violated the FHA only if the complex was built after January 1, 1991, triggering accessibility design requirements.

Q3.Which federal environmental law created the Superfund program to clean up contaminated sites?

• A.Clean Air Act
• B.Clean Water Act
• C.Safe Drinking Water Act
• D.CERCLA

Q4.A team lead conditioning referrals and mentorship opportunities on personal social interactions with team members is an example of:

• A.Quid pro quo harassment in an internal professional hierarchy
• B.Hostile environment harassment between co-equal agents
• C.Third-party harassment by a client
• D.Neither — real estate teams are not covered by harassment law

Q5.A landlord owns a 10-unit apartment complex and refuses to rent to a prospective tenant because the tenant has three children under the age of 12. The landlord argues that the property qualifies as 'housing for older persons' and is therefore exempt from familial status protections. Under the Fair Housing Act, which of the following conditions would the landlord's property need to meet to validly claim this exemption?

• A.At least 80% of the occupied units must have at least one resident who is 55 years of age or older, and the housing must publish and adhere to policies demonstrating intent to be housing for persons 55 or older.
• B.100% of the residents must be 62 years of age or older with no children under 18 permitted as permanent residents.
• C.The property must be specifically designated by HUD as senior housing and must have received federal funding for elderly housing programs.
• D.At least 80% of the units must be occupied by persons 62 years of age or older and the complex must be registered with the state housing authority.

Q6.Under Oregon law, what is the maximum duration of an initial Oregon real estate salesperson license before it must be renewed?

• A.One year
• B.Three years
• C.Four years
• D.Two years

Q7.A property manager advertises a rental unit stating "Perfect for young professionals, no children or elderly tenants." This advertisement violates the Fair Housing Act because it discriminates based on:

• A.Age only
• B.Familial status only
• C.Neither age nor familial status, as these are business preferences
• D.Both age and familial status

Q8.An Oregon residential landlord collects a security deposit from a new tenant. The tenancy ends and the landlord wishes to make deductions. Under the Oregon Residential Landlord and Tenant Act (ORS Chapter 90), within what period must the landlord provide the tenant with a written accounting and return any remaining deposit balance?

• A.Within 14 days after the tenancy terminates and the tenant vacates the dwelling unit.
• B.Within 21 days after the tenancy terminates and the tenant vacates the dwelling unit.
• C.Within 30 days after the tenancy terminates and the tenant vacates the dwelling unit.
• D.Within 45 days after the tenancy terminates and the tenant vacates the dwelling unit.

Q9.Under OAR Chapter 863, an Oregon principal broker who manages residential rental properties is required to retain property management transaction records for a minimum period. A former client requests records from a management engagement that ended four years ago. Which of the following best describes the broker's obligation?

• A.The broker is required to retain property management records for at least six years and must provide the former client access to those records upon request.
• B.The broker is required to retain property management records for at least five years from the date of the transaction, so records from four years ago must still be available.
• C.The broker is only required to retain records for two years, so records from four years ago may have been lawfully destroyed.
• D.Record retention in Oregon is governed solely by the Internal Revenue Service's seven-year rule, not by the Oregon Real Estate Agency.

Q10.A fee simple estate differs from a life estate primarily in which characteristic?

• A.The duration and inheritability of the ownership interest
• B.The right to possess and use the property during the holder's lifetime
• C.The ability to lease the property to tenants
• D.The requirement to maintain the property in good condition

Q11.Under the concept of dual agency, which of the following statements is most accurate regarding an agent's fiduciary obligations?

• A.The dual agent must maintain full fiduciary duties to both the buyer and the seller simultaneously
• B.The dual agent's fiduciary duties to each party are limited, and informed written consent from both parties is required
• C.Dual agency is permissible without disclosure as long as the agent treats both parties fairly
• D.A dual agent may share one party's confidential negotiating position with the other party to facilitate the transaction

Q12.Which of the following acts by an Oregon licensed broker would most likely constitute grounds for license revocation or suspension under ORS 696.301?

• A.Failing to personally inspect every property before listing it for sale
• B.Representing a buyer and a seller in the same transaction with written informed consent from both parties
• C.Commingling a client's earnest money deposit with the broker's personal operating funds
• D.Advertising a listed property without including the property's legal description

Q13.Which federal agency has primary authority to investigate and enforce violations related to discriminatory land use practices that violate the Fair Housing Act?

• A.Environmental Protection Agency (EPA)
• B.Department of Housing and Urban Development (HUD)
• C.Federal Trade Commission (FTC)
• D.Consumer Financial Protection Bureau (CFPB)

Q14.Oregon's fair housing law under ORS 659A.421 protects several characteristics that are NOT listed as protected classes under the federal Fair Housing Act. Which of the following is a protected characteristic under Oregon state law but is NOT a federally protected class under the Fair Housing Act?

• A.Race and national origin.
• B.Marital status.
• C.Sex and gender.
• D.Religion.

Q15.Under the Equal Credit Opportunity Act (ECOA), a lender is evaluating a mortgage application from a recently divorced woman. The lender refuses to count the applicant's alimony income when calculating her debt-to-income ratio, reasoning that alimony payments are 'unreliable.' The applicant has a valid court order and documented payment history. Which of the following best describes the lender's legal exposure?

• A.The lender has not violated ECOA because lenders retain full discretion to evaluate the reliability of any income source.
• B.The lender has violated ECOA because Regulation B requires lenders to consider alimony, child support, and separate maintenance income if the applicant chooses to disclose it and it is reliable as evidenced by payment history.
• C.The lender has violated the Fair Housing Act's prohibition on sex discrimination in residential lending.
• D.The lender has violated RESPA by failing to disclose the basis for income exclusion in the Loan Estimate.