Oregon Real Estate Practice Test 2026 – Complete Exam Prep

The responsibility of overseeing licensed agents under their brokerage is a key duty of a principal broker. This role involves managing the agents, ensuring they comply with state regulations, and providing guidance and support to help them succeed in their transactions. The principal broker serves as a mentor, offering training and addressing any questions or concerns agents may have regarding real estate practices or ethics.

A principal broker is not typically responsible for conducting property appraisals, as that is usually the domain of licensed appraisers. While they might oversee the appraisal process, they do not perform appraisals themselves. Handling all financial transactions directly is also not an exclusive responsibility of the principal broker; they may oversee financial aspects but do not personally manage every transaction. Additionally, communicative responsibilities extend beyond just buyers; principal brokers engage with all parties involved in real estate transactions, including sellers, other brokers, and various stakeholders. Thus, the principal broker’s role is multifaceted, with a significant focus on the management and support of their agents.