Oregon Broker PSI Practice Exam

What is required for a team or group of real estate licensees to advertise themselves as such?

1. All members must hold separate licenses

2. They must all be under the same broker

3. Only one member needs to be licensed

4. They can operate independently of a broker

The correct answer is: They must all be under the same broker

For a team or group of real estate licensees to advertise themselves as such, they must all be under the same broker. This requirement ensures that the team's activities are properly supervised and compliant with state regulations. Having all members under the same broker helps enforce accountability and maintain the integrity of the real estate practice, as the broker is responsible for the actions of their agents. This structure also helps promote a unified brand within the real estate market, allowing the team to present themselves cohesively to the public while functioning under a brokerage agreement, which outlines the ethical and legal obligations of each member. Thus, it creates a framework within which the team can operate effectively while being in compliance with the laws governing real estate practices in Oregon.