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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When a principal broker reviews documents, what must they do?

Approve the documents verbally
Initial and date the document in writing
File the documents securely
Send copies to clients

The correct answer is: Initial and date the document in writing

When a principal broker reviews documents, it's essential that they initial and date the document in writing. This action serves as a formal acknowledgment of their review and approval of the contents of the document. By initialing and dating, the principal broker ensures that there is a clear record of their oversight, and it demonstrates their responsibility in the transaction. This practice is crucial for maintaining compliance with legal and regulatory standards within real estate transactions. Initialing and dating the documents also helps create a paper trail that can be referenced in the future, promoting accountability and transparency in real estate practices. Other options, while they may be relevant in specific contexts, do not fulfill the necessary requirement for formal approval that is represented by initialing and dating the documents.