Oregon Real Estate Practice Test

What must occur prior to changing the location of a real estate office?

1. Notify the clients about the new location

2. Notify the state agency on an approved form

3. Wait for the current lease to expire

4. Hold a staff meeting to discuss the move

The correct answer is: Notify the state agency on an approved form

The process of changing the location of a real estate office requires notifying the state agency on an approved form. This step is crucial because real estate offices are regulated and must comply with state laws and regulations concerning business operations. Notifying the state agency ensures that the new office complies with licensing requirements and helps maintain accurate records about where licensed activities are taking place. Failure to notify the appropriate state agency could result in compliance issues, penalties, or other legal ramifications. While informing clients of the new location and considering lease agreements are important for business operations and relationships, the legal requirement to communicate with the state agency takes precedence in the process of relocating a real estate office.