Oregon Real Estate Practice Test 2025 – Complete Exam Prep

Question: 1 / 400

When must earnest money be deposited in Oregon?

At the time of making an offer

Within 1 business day after mutual acceptance

Within 3 business days of mutual acceptance

In Oregon, earnest money must be deposited within three business days after mutual acceptance of the purchase agreement. This requirement ensures that the buyer demonstrates their commitment to the transaction and provides the seller with confidence that the deal will proceed.

The timing is important because it establishes a clear expectation regarding the buyer's intentions and financial seriousness. This three-day window allows the buyer to ensure that the funds are readily available while also accommodating any necessary banking processes.

Other options, such as the time of making an offer or within one or five business days after mutual acceptance, do not align with the established guidelines set forth by Oregon real estate regulations. The three-day requirement strikes a balance between promptness and giving the buyer a reasonable period to arrange the earnest money deposit.

Get further explanation with Examzify DeepDiveBeta

Within 5 business days of mutual acceptance

Next Question

Report this question

Download Oregon Real Estate Practice Test PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy