Oregon Real Estate Broker Exam — All Questions

When does an active Oregon real estate license expire?

• a.On the anniversary of the issue date
• b.On December 31 of every second year
• c.Two years after the licensee's last continuing education course
• d.On the last day of the licensee's birth month✓

The license expiration date is the last day of the licensee's birth month; the Agency then renews an active or inactive license for a term of 24 months from the last expiration date. An initial term runs at minimum 13 months and at most 24 months and 30 days. Cite: OAR 863-014-0030(4), (5), (6) (REA 4-2025, effective 01/01/2026).

What must every Oregon licensee complete before each active renewal, on top of general continuing education?

• a.A Board-approved state and federal fair housing course✓
• b.A 40-hour brokerage administration course
• c.An independent accountant's audit of every clients' trust account
• d.An Agency-administered ethics examination

Renewal now requires both the Board-approved Law and Rule Required Course and a separate Board-approved State and Federal Fair Housing Course; the statute sets a floor of at least two hours on state and federal fair housing laws. Cite: ORS 696.174(1)(a), (1)(b); OAR 863-020-0010(2)(b), (2)(c) (REA 4-2025, effective 01/01/2026).

To earn credit for the broker advanced practices course required before a first active renewal, an Oregon broker must:

• a.attend all 26 clock hours
• b.score at least 75% on a 60-question assessment✓
• c.score at least 70% on a 100-question exam
• d.submit a case study to the Real Estate Board

The Agency-approved broker advanced practices course runs 26 clock hours, and credit requires a passing score of at least 75% on an assessment of licensee proficiency containing 60 questions. Cite: OAR 863-022-0020(3), (4) (REA 4-2025, effective 01/01/2026); ORS 696.174(4).

What may an Oregon licensed real estate property manager do?

• a.List and sell one-to-four unit residential property under supervision
• b.Supervise real estate brokers at a branch office
• c.Manage rental real estate under a property management agreement✓
• d.Act as a disclosed limited agent in a sale

A property manager license permits only the management of rental real estate under a written property management agreement with the owner. That licensee may supervise another licensed property manager, but not a real estate broker or principal broker. Cite: ORS 696.022(4)(a), (4)(b); ORS 696.010(19).

What does the Real Estate Commissioner require of every applicant for an initial Oregon real estate license?

• a.Fingerprints and a criminal records check✓
• b.A surety bond of $25,000 filed with the Agency
• c.Membership in a Realtor association
• d.Errors and omissions insurance

The Commissioner must require fingerprints and criminal offender information for initial licensing, and may require them again at renewal; the prints support a state or nationwide criminal records check. Oregon does not condition a license on trade association membership. Cite: ORS 696.022(6)(b); OAR 863-014-0015; OAR 863-014-0035(1)(e).