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Oregon Real Estate Exam: Everything You Need to Know

By
Robert Rico
|
Oct 18, 2024
10 min.
Learn More - Our ProgramEnroll Now

Your dream of becoming an Oregon real estate agent is so close! The last thing standing in your way is passing the Oregon real estate exam and getting your license. If you’re getting ready to take the Oregon real estate exam, understanding all of the nuances and requirements can help you feel prepared and confident.

In this blog, we’ll help you understand:

  • How to schedule the exam
  • What to bring on exam day
  • What’s on the Oregon real estate exam
  • How hard the exam is
  • Tips and tricks for passing

Let’s dive in!

Take a Free OR Real Estate Exam

Here is a short 10-question Oregon exam to test your real estate knowledge. This exam mimics our practice exams featured in our exam prep package. If you want the full package, tap the button below.

Question 1

This refers to the increase in property value due to inflation or an increase in population:


Question 2

When does real estate market data become less reliable?


Question 3

Is it acceptable to use the address 15001 River Way as a legal description for a property in a real estate transaction?


Question 4

Juan owns a lot that measures 170 feet deep and 60 feet wide. Zoning laws require a 15 foot setback in the front and 5 foot setback on both sides and the back. How much is the buildable square footage?


Question 5

A real estate broker was given a cruise to Jamaica by an escrow service provider after the broker referred several clients to the escrow service provider. This would be:


Question 6

Which of the following is NOT true regarding mobilehomes?


Question 7

A new home is being built and the lot is 10,000 square feet. As completion of the home was nearing, the city embarked on an ambitious project to make the single lane road into two lanes in both directions which removed 12% from the front side square footage of the property and changed the property lot size of the property to 8,800 sq. feet. Due to this change, the value of the property dropped about 15%. This would be an example of what type of depreciation?


Question 8

Which of the following would NOT be a step in the appraisal process?


Question 9

Joe recently bought a home and after a few months of closing escrow he discovered that the agent did not disclose the fact that the house has a leaky roof. How long does Joe have to bring an action against the agent, if he chooses to do so?


Question 10

This term refers to making periodic payments on a debt until the principal has been fully repaid:


Quiz Results

How to Schedule the Oregon Real Estate Licensing Exam

Ready to make it official? To schedule the Oregon real estate exam, you’ll need to go to the PSI Exam website and create an account. Oregon has contracted with PSI Exams to administer the real estate licensing exams, and they offer both in-person and online testing.

Once you’ve created an account, you can decide whether to take the exam at a PSI test center in person or if you’d prefer to take it online at home. Even if you decide to take your exam at home, you’ll still have to pick a date and time in advance when you’ll log on and take the exam. 

After you’ve selected your preferred time and method of examination, you’ll pay the $75 examination fee, and then you’ll be officially booked for your exam! 

Where Do You Take the Oregon Real Estate License Exam?

If you decide to take the exam at one of the PSI Testing Centers in Oregon, you’ll be able to pick from a handful of locations to find the most convenient center for you. PSI has testing centers in the following Oregon cities: 

  • Bend
  • Eugene
  • Independence
  • Medford
  • Portland
  • Wilsonville

Look at the schedule and offered times to find a testing center and date that works best for you and your location.

Can You Take the Exam Online?

Yes! You can take your Oregon real estate exam online. You can indicate when you book your exam that you’d like to take it via a remote proctor and can confirm your home computer system meets the requirements. 

Even though you’re taking it at home, you’ll still be required to keep your camera on and start the test within 15 minutes of your scheduled time. Otherwise, you’ll forfeit your test fee and will have to reschedule the exam. 

What to Bring on the Day of Your Exam

When exam day comes, even if you’re taking your exam remotely, you’ll need a form of ID to confirm your identity. This must be a government-issued ID like a passport, driver’s license or military ID, which shows your signature and photograph. 

If you’re taking the test in person at a PSI Test Center, it’s recommended to bring as few personal items as possible on your exam day. You won’t be allowed to bring anything into the testing room with you, so leave your items in your car or in a locker at the testing site. You can review the details about what is and isn’t allowed on PSI’s website.

What is on the Oregon Real Estate Exam?

When you sit down on exam day, you want to feel confident and prepared to take your exam. As they say, knowledge is power, so take the time to familiarize yourself with the contents of the Oregon real estate exam first!

The exam is composed of two sections — an Oregon-specific section and a national real estate section. The Oregon real estate section is meant to quiz you on the rules and regulations that are in place in the state, while the national section is more about the practice of real estate generally. 

The Oregon section includes the following categories: 

  • License law and disciplinary measures (6 questions)
  • Handling of clients’ funds (3 questions)
  • Agency law and rules (5 questions)
  • Regulation of broker activities (12 questions)
  • Document handling and record keeping (5 questions)
  • Property management (4 questions)
  • Oregon real estate related statues (15 questions)

On the national section, you can expect the following categories: 

  • Property ownership (8%)
  • Land use controls and regulations (5%)
  • Valuation and market analysis (7%)
  • Financing (10%)
  • General principles of agency (13%)
  • Property disclosures (6%)
  • Contracts (17%)
  • Leasing and property management (3%)
  • Transfer of Title (8%)
  • Practice of real estate (13%)
  • Real estate calculations (10%)

By having a clear understanding of all the different categories and areas you’ll be tested on, you can strategize how you want to study and which areas deserve the most of your attention. 

Will There Be Math on the Exam?

There will be a few math questions on the exam, but no need to worry! Overall, these make up a small portion of the total questions — 10% of the national section. But these questions are more geared around general math principles and less specific calculations. Some math questions are best saved for the end, because they take the longest to solve. So, if you spend the whole time answering math questions, you could miss out on answering the easy ones. It’s best to save math for last!

Is the Oregon Real Estate Exam Hard?

Yes, the Oregon real estate exam is difficult. If the exam was easy, everyone would be a real estate agent in Oregon! And while it’s not impossible, taking the licensing exam should be taken seriously so you can get your license without spending more time, money, and effort retaking the exam. 

How Many Questions Are on the Oregon Real Estate Exam?

Across the national and Oregon-specific sections, there is a total of 130 questions — 50 in the state section and 80 in the national section. You’ll have a time limit to complete each section, so keep that in mind as you take your practice tests and study the material. You’re given 150 minutes to complete the national section and 90 minutes on the state section. 

What is the Passing Rate for the Real Estate Exam in Oregon?

After all the hard work and studying, the magic number you’re looking for is 75%. You need to answer 75% of the questions correctly on both sections to pass the Oregon real estate licensing exam. This means that even if you get a 100% on the state section but a 65% on the national section, you won’t pass and will have to retake the exam. 

On the test day, once you submit your exam, you’ll be able to see if you passed or failed. If you fail, you’ll get emailed a diagnostic report that can help give you an overview of your strengths and weaknesses, which you can use to help study and retake the exam. 

How Many Times Can You Take the Real Estate Exam?

The good news is you can take the exam as many times as necessary. The bad news, though, is that you’ll have to repay the $75 examination fee every time. That’s why investing in an exam prep course like RE State Exam Prep can help you pass the exam on the first try and save money in the long run.

If you do need to retake the exam, you’ll have to wait 24 hours and schedule it for another day. Since no walk-ins or same-day testing is allowed, make sure to follow up after your results come in and schedule a re-test.

How to Pass the Oregon Real Estate Exam

Most students ask themselves, “How can I pass the Oregon real estate exam?” And the answer is actually much simpler than you might think — proper preparation and focus. 

While all the educational classes leading up to the exam give you the foundation you need, investing in a guided exam prep course can arm you with helpful study tools and resources specifically for the exam. 

Try some of these tips and tricks as you prepare for the Oregon real estate exam!

Create a Study Schedule

Setting yourself up for success and passing the Oregon real estate exam requires consistency. One of the best ways to do that is to create a study schedule that you can stick to and involves studying several times a week.

Having this routine in place will give you the structure you need to dedicate time to studying for the exam. Plus, when life gets busy, you’ll be able to rely on your study schedule to offer that consistency and organization that’s helpful to passing the exam.

While studying every night would be ideal, taking the time to at least study every other night can still make a big impact. Even if you only have 15 or 30 minutes to spare, those small time blocks can make a huge difference in your study schedule. Set a timer and get to studying!

Use Acronyms and Mnemonic Devices

Looking to freshen up on your memorization skills? Bring it back to basics with an acronym or mnemonic device. This strategy has been used in classrooms for decades and utilizes rhyming words or phrases to help your brain remember vocabulary words. A common example is the phrase Roy G. Biv to remember all the rainbow colors. If you have a certain process or area that you’re struggling to remember, come up with a memorization strategy like this to help you recall it when exam time comes. 

Join a Study Group

If you’re struggling to stay focused or feel alone in your studying, try to join a study group! When you meet other people that are also studying for the Oregon real estate exam, you’ll be able to build connections with fellow students and potentially collaborate to learn new methods of studying and retaining information. Plus, real estate is all about networking. So why not get a head start before you get your license by joining a study group?

Get Guided Help

As you prepare for the real estate exam, the more resources you have to practice and study, the better. That’s why investing in a guided help prep course can give you that added boost you need to feel confident and ready on exam day. 

Unlike your pre-licensing educational classes, a guided prep course is specific to the test, giving you the study skills and information like practice tests that help you pass the exam. With countless practice questions and study guides, our Oregon real estate exam prep gives you an engaging and interactive way to study while helping you understand exactly what will be on the test and where your strengths and weaknesses are. 

Plus, the extra investment in a guided prep program can help you save money in the long run by minimizing the chances you have to take the exam more than once. 

With our packages starting at $49.99, you’ll get access to:

  • Over 1,500 Oregon real estate exam practice questions 
  • Customizable practice state exams
  • Vocabulary flashcards
  • Video explanations by real estate experts
  • E-book study guide
  • And so much more

You can add real estate crash course videos. It's 8+ hours of video content that teaches you the concepts, vocabulary, historical events, and more. Led by our head instructor, Robert Rico, our crash course videos teaches you everything you need to know to pass on your first try.

Final Thoughts on the Real Estate Exam in Oregon

Don’t let the real estate exam pressure get to you! After all the hard work and preparation, you’re closer than ever to becoming an Oregon real estate agent. 

Walk into exam day feeling confident and excited. With our cost-effective, reputable and proven guided exam prep, you’ll be ready to ace your exam and get your real estate license. Plus, you can feel confident it’s an investment that will pay off with our pass guarantee. 

Ready to get started? Sign up today for our free 3-day trial to see how we can help. 

‍

Enroll Now

TL;DR: You must schedule your real estate exam through PSI's website and then take your exam at a testing center in Oregon. When you prepare for the exam, remember to break studying up into bite sized chunks every night. You can also make studying easy by enrolling in our Oregon real estate exam prep package which gives you tons of valuable tools to help you learn the material.

By
Robert Rico
|
Oct 18, 2024
How To
Planning
10 min.
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