Oregon Broker PSI Practice Exam

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

Practice this question and more.

What must an Oregon broker do to advertise real estate legally?

Have a marketing plan approved
Be licensed
Pay a fee to the local government
Complete a training course

The correct answer is: Be licensed

In Oregon, for a broker to legally advertise real estate, it is essential to be licensed. This licensing ensures that the broker has undergone the necessary training and understands the laws, ethics, and practices required to operate within the real estate market. The Oregon Real Estate Agency regulates real estate brokers and requires them to be knowledgeable about state laws, fair housing regulations, and advertising rules. Being licensed not only validates a broker's ability to conduct business but also protects consumers by ensuring they are working with a professional who adheres to the standards set forth by the agency. This requirement is a fundamental aspect of maintaining integrity and trust in real estate transactions. While having a marketing plan, paying local fees, or completing additional training may be useful or required in specific contexts, they are not the primary legal prerequisites for advertising real estate in Oregon. The crucial step is being properly licensed, which is a safeguard for both the broker and the public.