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 issues two basic real estate licenses. They are the broker license and the
principal broker license. The licensing requirements for the standard broker license
include:
150-hours course of study that consists of the following modules:
- Oregon Real Estate Practice (30 hours)
- Real Estate Law (30 hours)
- Real Estate Finance (30 hours)
- Contracts (15 hours)
- Agency (15 hours)
- Property Management (10 hours)
- Real Estate Brokerage (20 hours)
- Beginning January 1, 2011, applicants must have a high school diploma, GED, or
international equivalent
The standard salesperson licensees receiving their Oregon broker license through this
process needed to meet two more requirements before working as a sole practitioner:
- The licensee must have three years of active, licensed experience, either in Oregon
and/or another state
The licensee 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 $47.00.
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 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 five 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.
Oregon Real Estate Forms
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Oregon Reciprocity States
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- Alabama
- Alberta
- Georgia
- Nebraska
- South Dakota
(as of 2/23/2010)
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Oregon Approved Real Estate Schools Prelicensing and Postlicensing
Education
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Community Colleges
Lane Community College
Linn-Benton Community College
Portland Community College
Portland State University
Umpqua Community College
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Private Schools
Advantage Real Estate School (Portland)
Appraisal & Real Estate School of Oregon (Medford)
Century 21 Peninsula School of Real Estate (Portland)
Eagle Vision Institute of Real Estate (Springfield)
Oregon Association of REALTORS® (Springfield)
ProSchools – Real Estate School of Oregon (Portland)
Tillamook County Real Estate School (Tilamook)
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Last Update: 3/1/2010
This list may not include all approved schools. Please visit the Oregon
Real Estate Agency website for the latest list of approved real estate
schools. |