Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Oregon or anyone looking to become a real estate agent or realtor in Oregon. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The
Oregon Real Estate Agency
aims at providing quality protection for Oregon real estate consumers and a balanced
professional environment in which real estate agents may serve their customers.
The agency was established in 1919 and processes over 23,000 licenses biannually.
Oregon no longer issues a salesperson license. On July 1, 2002, all
Oregon
salesperson licenses were converted to temporary associate broker licenses.
The temporary associate brokers needed to complete an
Associate Broker Transition
Course (ABTC) before June 30, 2005. Upon completing the ABTC and submitting
proof to the Agency, the temporary associate broker license was converted to a
broker license. There was no fee for this conversion of license.
The
original salesperson licensees receiving their Oregon broker license through
this process needed to meet two more requirements before working as a sole practitioner:
(1) the licensee must have three years of active, licensed experience, either in Oregon and/or
another state), and (2) they must pass the
real estate broker license exam.
In order
to work as a principal broker, these licensees must also complete the
40-hour Brokerage Administration and Sales Supervision course in addition to the above two
requirements. And, when applying for the principal broker license, there is a $230 licensing fee.
The requirements for a real estate broker license in Oregon include providing
a
Background
Check Application along with one completed fingerprint card that meets FBI
processing standards, and a processing fee of $40.00.
An Advanced Real Estate Practices 30-hour course is required of some brokers who
receive their first Oregon license after July 1, 2002. This course is not considered
to be part of the continuing education requirement.
The requirements for
all real estate brokers licensed in Oregon include
successfully completing at least 30 clock hours of
continuing
education courses during the preceding two license years. The Oregon Real
Estate Agency does not approve the continuing education courses; they are certified
by the licensing broker who self-certifies his own courses. At least 15 of the
30 hours need to be on required topics. The courses may be taken in traditional
classrooms, by correspondence, audio or video tapes, CD-Rom, over the internet,
etc.
Licensees renewing an active license are exempt from continuing education requirements.
However, when the licensee does reactivate the license, 30 hours of continuing education
courses need to be successfully completed within the prior two years.
You can locate some of the
approved
real estate schools, including some of the schools for hard to find classes,
online.
Other courses may be found at local real estate schools, community colleges, or
through the National Association of Realtors.
The broker examination application may be
printed
online. The
examination fee is $75.00. You can also locate many other
Oregon
real
estate forms online.
Licenses are renewed for a two year period during the month they expire.
The renewal fee is $230 for active licenses, and $110 for inactive licenses.
There is a $30 fee for renewing late. If the license is not renewed within one year,
all rights to this license are lost.
Oregon has reciprocity agreements with ten other states If an
out-of-state broker is from one of these states, obtaining an Oregon license is
relatively easy. If not from one of these states, the applicant has to meet all
of Oregon's prelicensing requirements: background check, education, and examination.
Real estate careers are strengthened by membership in the many organizations
that provide services for the professional agent. Organizations like the
Oregon
Association of Realtors and the National Association of Real Estate Brokers
(
NAREB) assist many in locating
real estate jobs within the industry. The Association of Real Estate License
Law Officials (
ARELLO) and
The National Association of Realtors (
NAR),
the world's largest professional association, are excellent resources for real
estate education and professional enrichment.
We also offer information and resources for Oregon Commercial Mortgage