Oregon Broker PSI Practice Exam

What is expected of a part-time employee in a real estate development?

1. They must complete extensive training

2. They must continuously acquire new clients

3. They must have oversight from a licensed broker while performing their duties

4. They are not required to perform any tasks

The correct answer is: They must have oversight from a licensed broker while performing their duties

The expectation for a part-time employee in real estate development to have oversight from a licensed broker while performing their duties stems from regulatory requirements and best practices in the real estate industry. In many states, including Oregon, individuals who help in activities related to real estate must operate under the supervision of a licensed broker. This oversight ensures that all legal and ethical standards are upheld, protecting both the employee and the clients they serve. Having a licensed broker supervising part-time employees ensures that these individuals are supported by experienced professionals who can guide them in their tasks, answer any questions they may have, and help mitigate any potential legal issues arising from their work. This collaborative relationship fosters a more knowledgeable and compliant workforce, which is critical in a field where transactions often involve substantial financial stakes and complex regulations. The other choices reflect expectations that are not universally applicable to all part-time roles in real estate development. Extensive training may not always be necessary for someone in a part-time capacity, acquiring new clients is often a more advanced responsibility typically placed on full-time agents, and suggesting that part-time employees are not required to perform any tasks ignores the fundamental purpose of employment in real estate development, which does require some level of contribution or engagement.