Pass Your Oregon Real Estate Exam the First Time

Oregon's unique property tax system (Measures 5 and 50) and strict state-wide land-use laws are highly technical.

Questions

130

80 NAT / 50 STATE

To Pass

75%

~98 / 130 TO PASS

Time Limit

4 Hrs

240 TOTAL MINUTES

Provider

PSI

OREA

Pass your Oregon Broker or Principal Broker License

Oregon was the first state in the country to require statewide land use planning, and the exam tests the regulatory consequences of that decision across every property transaction type.

No national prep course covers Oregon’s land use planning system in detail, because no other state has adopted the same approach. AI generated question banks are trained on content where comprehensive planning is a local government option, not a statewide mandate. The Oregon exam tests a regulatory environment that is unique to this state and requires Oregon specific preparation.

The License Professor is written by licensed Oregon professionals who built questions around PSI state portion priorities. Every question on Oregon land use requirements, property tax rules, and water rights is grounded in Oregon statute.

Oregon Sample Exams

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Broker

Individuals new to real estate who want to start their career helping clients buy and sell property

Principal Broker

Experienced professionals who want to manage a brokerage office and supervise other agents

Three Topics that Trip Up Oregon Students Most

Property Taxes (Measure 5/50)

Measure 5 caps tax rates at $5/$10 per $1,000 of real market value, while Measure 50 froze assessed values at 90% of 1995-96 levels with a 3% annual growth cap — the exam tests how these two measures interact to determine actual tax bills.

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Agency Disclosure

Oregon requires specific written agency disclosure forms at defined points, and students confuse the timing requirements and differences between seller’s agent, buyer’s agent, and disclosed limited agent under Oregon’s statutory framework.

Water Rights

Oregon follows prior appropriation with a "use it or lose it" rule requiring beneficial use at least once every five years or the right is forfeited — the exam tests that water rights transfer with the land unless specifically severed.

The Oregon Real Estate License Professor includes specialized deep dives for each of these.

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Oregon Real Estate Practice Questions

Sample questions from the Oregon real estate exam — with answers and explanations.

1. Oregon broker Jun Park closes two listings in the same week. In Tigard, Washington County, Leila Haddad sells her home for $512,350; the buyer pays $181,350 in cash and assumes her $331,000 FHA loan. In Milwaukie, Clackamas County, Marcus Adeyemi sells his home for $498,700, all cash. Washington County's real property transfer tax is $1 per $1,000 or fraction thereof of the selling price, and the selling price includes any existing loan the buyer assumes. How much real property transfer tax is due in total on the two sales?

  1. A.$1,012
  2. B.$182
  3. C.$512
  4. D.$513
Explanation: Washington County Code 3.04.070 taxes only property located within Washington County, at $1 per $1,000 or fraction thereof of a selling price that includes the assumed loan (3.04.030), so the $512,350 Tigard sale rounds up to 513 thousands and owes $513, while the Milwaukie sale owes nothing because Oregon Constitution art. IX, section 15 and ORS 306.815 bar every other state and local real estate transfer tax. A $1,012 total is the tempting mistake, because once a county rate appears in the stem it feels natural to charge the Clackamas County sale $499 too, but Washington County's 1985 tax survives only because Measure 79 grandfathered taxes already operative on December 31, 2009, and Clackamas County has no such tax as of 2026. In practice the escrow officer pays the Washington County tax when the Tigard deed is recorded, and because the ordinance makes buyer and seller both liable, it shows on whichever side of the settlement statement the parties agreed to.

2. When must a licensed Oregon agent provide the Initial Agency Disclosure Pamphlet to a prospective buyer?

  1. A.When a written buyer representation agreement is signed
  2. B.At closing when all agency relationships are finalized
  3. C.At first contact, before any substantive discussions about real estate
  4. D.When the buyer decides to make an offer on a property
Explanation: Oregon law (ORS 696.800-696.815) requires the Initial Agency Disclosure Pamphlet at first contact, before any substantive discussions about real estate. This applies regardless of whether a formal agency agreement is signed and must occur before showing properties or discussing the buyer's needs.

3. A real estate broker's license in Oregon could be revoked or suspended by the Oregon Real Estate Agency for any of the following reasons, except:

  1. A.He has failed to supervise his salesperson.
  2. B.He has been convicted of fraud in a court suit levied against him for the loss.
  3. C.Two reliable witnesses have given sworn testimony that the broker is mentally ill.
  4. D.He has demonstrated negligence or incompetence in performing a real estate act.
Explanation: A real estate broker's license may be revoked or suspended by the Oregon Real Estate Agency for various reasons, except if the broker is found to be mentally ill. The law requires the Oregon Real Estate Agency to establish the fact of mental illness, and sworn testimony from two witnesses alone would not automatically give the Oregon Real Estate Agency the right to revoke the broker's license.
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More on Oregon Licensing

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Oregon Real Estate Exam Structure: What to Expect

The figures below describe the Broker exam.

The Oregon Broker exam combines 80 national questions and 50 state-specific questions in 240 minutes.

Question breakdown

National portion: 80 questions, 60 correct to pass (75%)

Standard PSI national content.

Oregon portion: 50 questions, 38 correct to pass (75%)

Topics:

  • OR license law (10-12 questions)
  • Statewide Planning Goals and UGBs (8-10 questions)
  • Agency relationships (6-8 questions)
  • Property disclosures (5-7 questions)
  • Trust accounts (4-6 questions)
  • Real estate practice (5-7 questions)

Time management

240 minutes for 130 questions = 110 seconds per question. Generous.

Cost structure

  • Pre-licensing (150 hours): $500-$1,000
  • Exam: $75
  • License application: $300 (OREA broker license application fee)
  • Background check: ~$50
  • Total: $925-$1,425

Retake rules

Retakes allowed. $75 per attempt.

Topics Covered on the Oregon Real Estate Exam

The figures below describe the Broker exam.

National Exam Topics (80 questions)

  1. Property Ownership — Estates, deeds, easements
  2. Land Use Controls — Zoning, government powers
  3. Valuation — Three approaches, CMA
  4. Financing — Mortgages, FHA/VA, RESPA, TILA
  5. Agency — National agency principles
  6. Contracts — Listing agreements, purchase contracts
  7. Closing — Closing procedures, prorations
  8. Practice — Working with buyers and sellers, fair housing, math

Oregon State Exam Topics (50 questions)

  1. Oregon License Law (Chapter 696) — OREA rules, Broker categories
  2. Statewide Planning Goals — Land use planning system
  3. Urban Growth Boundaries — Containment of urban development
  4. Agency Relationships — Oregon disclosure requirements
  5. Trust Accounts — Broker trust account rules
  6. Property Disclosures — Oregon-specific requirements

Why this list matters

Each state topic generates 4-10 questions. Statewide Planning Goals and UGBs together generate 8-10 questions — major Oregon-specific content.

What this list doesn't tell you

PSI writes scenario-based questions. Practice questions, not just topic review.

Oregon Exam FAQ

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