The principal broker license is Oregon’s supervisory tier: you need it to manage a brokerage or supervise other brokers. These 195 practice questions follow the PSI blueprint for both the National and Oregon sections, including trust accounts, transaction review and the 2026 HB 3137 supervision rules, with an explanation for every answer.
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What you get
Three tools, one price: a reference you read, a drill you take, and a full timed exam.
Study guide
195 questions by topic
Work through every question organized by topic. Pick an answer and it turns green or red instantly, with an explanation right below the question.
National + Oregon portions
Organized into 18 topic sections
Instant right/wrong feedback per question
Practice drill
Interactive timed-exam feel
Answer one question at a time, see whether you were right immediately, and read why — then get a full score report at the end.
Explanation after every answer
Final score as a percentage
National vs. Oregon portion breakdown
Timed exam
Full-length, 125 questions
Sit a practice exam under real conditions: 125 random questions, a 195-minute clock, and no answers until you submit.
Percentage score vs. the 75% pass mark
Every missed question with the correct answer
Score breakdown by topic
A real question from the set
Not filler — questions cite the actual ORS and OAR rules a principal broker is responsible for.
Oregon: Regulation of Broker Activities & Supervision
Try it — tap an answer.
Under OAR 863-015-0140, an authorized principal broker must review each document of agreement in a transaction within how long after it is accepted, rejected or withdrawn?
A 3 banking days
B 5 business days
C 7 banking days
D 30 calendar days
WhyAuthorized principal brokers must review each document of agreement within seven banking days after acceptance, rejection or withdrawal, either electronically with a dated record or on paper, initialed and dated.
The real exam at a glance
What to expect on test day, so there are no surprises.
125
Total questions
75 + 50
National + Oregon
195 min
Total test time
75%
Needed on each portion
The national portion has 75 items (worth 80 points) and the Oregon portion has 50 questions. The timed exam here uses the same 125-question, 195-minute format. Exam rules and fees are set by PSI and the Oregon Real Estate Agency and can change — confirm current details at oregon.gov/rea.
Covers the full blueprint
Split the way the real exam is: a National section and an Oregon section, scored separately, with 75% needed on each. The Oregon portion leans on supervision, clients’ trust accounts and recordkeeping.
195
Practice questions
105
National-portion questions
90
Oregon-portion questions
18
Topic sections
National section · 105 questions
10 Property Ownership5 Land Use Controls8 Valuation & Market Analysis9 Financing19 Contracts13 Agency7 Property Disclosures7 Property Management6 Transfer of Title14 Practice of Real Estate & Supervision7 Real Estate Calculations
Oregon section · 90 questions
14 License Law & Disciplinary Measures11 Handling of Clients' Funds8 Agency Law & Rules21 Regulation of Broker Activities & Supervision8 Document Handling & Recordkeeping10 Property Management18 Real Estate Related Statutes
Ready to start?
$49.99 for 60 days of access to the study guide, practice drill, and timed exam.