Oregon Real Estate Practice Test

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Study for the Oregon Real Estate Exam. Engage with targeted flashcards and multiple choice questions, each with hints and explanations. Conquer your exam and unlock your real estate career!

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Is a licensed real estate agent required to disclose their license status when selling or advertising their own property?

  1. No, it is optional

  2. Yes, they must disclose it

  3. Only in advertisements

  4. Only if they are representing a buyer

The correct answer is: Yes, they must disclose it

A licensed real estate agent is required to disclose their license status when selling or advertising their own property to ensure transparency and prevent any potential conflicts of interest. This requirement helps maintain the integrity of the real estate profession and protects consumers by informing them that the individual they are dealing with has expertise in the field. Full disclosure fosters trust between the agent and potential buyers, as it clarifies the agent's professional background and enhances the consumer's ability to make informed decisions. By acknowledging their license status, agents also comply with legal and ethical standards set forth by regulatory bodies in the real estate industry.

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