Oregon Real Estate Practice Test 2026 – Your All-in-One Guide to Exam Success!

The listing agreement is the key document that outlines the terms between a seller and a broker in Oregon. This legally binding contract establishes the responsibilities and compensation for the broker, as well as the terms under which the property will be marketed and sold. It details important aspects such as the listing price, duration of the listing, and any specific conditions or agreements between the seller and the broker. This document is essential in guiding the professional relationship and ensuring that both parties have a clear understanding of their roles and obligations throughout the selling process.

The purchase contract is distinct in that it relates to the agreement between the buyer and seller regarding the sale of the property once a buyer has been found, rather than the terms of representation between a broker and a seller. An escrow agreement pertains to the handling of funds and property during the sale process, but it does not specifically outline the relationship between a broker and a seller. Similarly, a title deed is a legal document that signifies ownership of the property and does not define the broker's role or the conditions of the sale. Thus, the listing agreement is the foundational document that governs the seller-broker relationship in real estate transactions.