Study for the Oregon Broker PSI Exam. Quiz with flashcards and multiple choice questions with hints and explanations. Prepare for your exam efficiently!

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In Oregon, what is the time period required for adverse possession?

  1. 5 years

  2. 7 years

  3. 10 years

  4. 15 years

The correct answer is: 10 years

The correct response reflects the legal requirement for adverse possession in Oregon, which stipulates a continuous and exclusive possession period of 10 years. Adverse possession allows a person to claim ownership of land under certain conditions, supporting the idea that an individual can gain title to property not legally theirs if they possess it openly, continuously, and without permission for a statutory duration. This 10-year period is essential as it provides a clear timeframe within which a claimant must demonstrate their possession of the property. The purpose of this law is to encourage the productive use of land and to resolve disputes regarding property ownership that can arise over time. Other timeframes listed, such as 5, 7, or 15 years, do not align with current Oregon law. The 10-year requirement is a crucial aspect of understanding property rights and the implications of property use in the state.