200+ Free OR Real Estate Practice Questions
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Key Facts: OR Real Estate Exam
130 Q
Exam Length
PSI OR candidate bulletin
80 + 50
National + State Split
PSI OR candidate bulletin
75%
Passing Score (Each Section)
OREA
150 hrs
Pre-License Education
OREA licensing requirements
$75
Exam Fee (PSI)
PSI OR fee schedule
30 hrs/2yr
CE Renewal Requirement
OREA (biennial renewal)
Oregon uses 'Broker' (not 'Salesperson') as the entry-level real estate license — all new licensees are Brokers. The PSI exam has 80 national questions (105 min) + 50 Oregon state questions (75 min) = 130 scored total; both sections require 75% to pass. Pre-licensing: 150 hours of OREA-approved education. After passing, affiliate with a Principal Broker within 1 year. Key OR topics: Disclosed Limited Agency (ORS 696.815) replaces traditional dual agency; trust accounts under ORS 696.241 require 5-business-day deposit and monthly reconciliation; Seller's Property Disclosure under ORS 105.464 uses 'actual knowledge' standard; Oregon's land use planning system with Urban Growth Boundaries and Exclusive Farm Use (EFU) zoning; SB 608 statewide rent control (7% + CPI cap, 15-year exemption for new buildings); biennial license renewal with 30 hours CE. HB 3137 (effective Jan 1, 2026) created the Managing Principal Broker designation and new Timeshare Sales Agent license.
About the OR Real Estate Exam
The Oregon real estate broker exam covers national real estate fundamentals plus Oregon-specific topics including OREA licensing requirements (ORS Chapter 696), Oregon's unique Disclosed Limited Agency framework (ORS 696.815), trust account rules (5-business-day deposit requirement), seller property disclosures (ORS 105.464-105.475), Oregon's land use planning system (Urban Growth Boundaries, EFU zoning), statewide rent control (SB 608), and the 2026 HB 3137 changes introducing the Managing Principal Broker concept and Timeshare Sales Agent license.
Questions
130 scored questions
Time Limit
4 hours total
Passing Score
75% on each section
Exam Fee
$75 (Oregon Real Estate Agency (OREA) / PSI)
OR Real Estate Exam Content Outline
Oregon License Law & OREA
OREA structure and powers (ORS Ch. 696), 150-hr pre-license education, broker vs principal broker vs property manager license types, Managing Principal Broker (HB 3137), license application and fees, principal broker affiliation (within 1 year), license renewal (biennial), 30 hrs CE, advertising rules, disciplinary sanctions, OREA investigation process, reinstatement
Oregon Agency & Disclosures
Disclosed Limited Agency (ORS 696.815) — Oregon's framework replacing dual agency; agency relationships, agency disclosure timing and form requirements, seller's property disclosure (ORS 105.464-105.475, 'actual knowledge' standard), mandatory disclosure exceptions (foreclosures, auctions, estate sales), stigmatized property rules, material facts, team advertising (HB 3137)
Trust Accounts & Transactions
Trust account requirements (ORS 696.241): 5-business-day deposit rule, monthly reconciliation, 6-year record retention, single trust account per principal broker; earnest money handling, purchase agreements, listing agreements, Oregon-specific contract clauses, escrow, closing procedures, RESPA/TRID compliance, 1031 exchanges, promissory notes
Oregon Property Law & Special Topics
Oregon land use planning (SB 100, 19 statewide goals, Urban Growth Boundaries, EFU zoning), statewide rent control SB 608 (7% + CPI, 15-year exemption, just-cause eviction), Oregon landlord-tenant (ORS Ch. 90), condominiums and common interest communities, timeshare regulations and new Timeshare Sales Agent license (HB 3137), property tax assessment (Measure 50 limits), water rights, homestead exemption, fair housing
How to Pass the OR Real Estate Exam
What You Need to Know
- Passing score: 75% on each section
- Exam length: 130 questions
- Time limit: 4 hours total
- Exam fee: $75
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
OR Real Estate Study Tips from Top Performers
Frequently Asked Questions
How many questions are on the Oregon real estate broker exam?
The Oregon PSI exam has 130 scored questions: 80 on the national portion (105 minutes) and 50 on the Oregon state-specific portion (75 minutes), for 3 hours total. Both sections require a passing score of 75%. There may also be a small number of unscored pretest questions embedded in the exam. PSI administers the exam at testing centers throughout Oregon.
Does Oregon have a 'salesperson' license?
No. Oregon uses 'Broker' as the entry-level real estate license — there is no 'Salesperson' title in Oregon. Entry-level Brokers must affiliate with a Principal Broker within one year of licensure. After two years of active broker experience, brokers may apply to become Principal Brokers, who can operate independently or supervise other brokers. HB 3137 (effective January 1, 2026) added a 'Managing Principal Broker' designation for Principal Brokers who supervise broker teams.
What is Disclosed Limited Agency in Oregon?
Disclosed Limited Agency (DLA) under ORS 696.815 is Oregon's framework for representing both buyer and seller in the same transaction — what most states call 'dual agency.' In Oregon, a principal broker (or multiple brokers within the same brokerage) can represent both parties only with the informed written consent of both the buyer and seller. The agent's duties are 'limited' in that they cannot advocate full price for the seller or lowest price for the buyer. Oregon's DLA form must be signed before substantive agency duties begin.
What are Oregon's trust account requirements?
Under ORS 696.241, Oregon real estate trust accounts must: (1) deposit all earnest money and client funds within 5 business days of acceptance; (2) be reconciled monthly; (3) retain all records for 6 years; and (4) be maintained by the principal broker. Only one trust account per principal broker is required, but additional accounts are permitted. Commingling client funds with personal funds is strictly prohibited and grounds for license revocation.