Oregon Broker PSI Practice Exam

What activity are non-licensed employees of a property manager NOT allowed to do?

1. Show rental properties

2. Negotiate and sign property management agreements

3. Make rental property repairs

4. Collect rent from tenants

The correct answer is: Negotiate and sign property management agreements

Non-licensed employees of a property management firm are prohibited from negotiating and signing property management agreements because such activities are considered to fall under the practice of real estate. In Oregon, engaging in real estate transactions, such as drafting or signing agreements that establish the terms of property management, requires a real estate license. This legal requirement is in place to ensure that individuals involved in these activities have the necessary knowledge and skills to protect the interests of property owners and tenants. On the other hand, showing rental properties, making repairs, and collecting rent can be conducted by unlicensed staff as long as they operate under the supervision of a licensed property manager. These activities do not require a license because they are more operationally focused and do not involve the legalities of real estate transactions. Therefore, the activity of negotiating and signing property management agreements is clearly delineated as a responsibility reserved for licensed professionals only.