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Principal Broker License Requirements
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A principal broker licensee can engage in professional real estate activity as defined in ORS 696.010 individually or with other real estate licensees.
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| If you are currently licensed as a broker in Oregon: |
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To qualify for a principal real estate broker license, you must:
If you qualify, you must complete these steps in this order: - Complete a Real Estate License Application in eLicense, the Agency's online license management system. When the application is processed, you will receive an applicant ID number.
- Pay the $230 license application fee in eLicense.
- Select a certified continuing education provider that offers the Brokerage Administration and Sales Supervision (BASS) course.
- Provide your applicant ID number and your full name to your BASS course provider.
- Complete the 40-hour BASS course. The course provider will then make you eligible to take the license exam. Please note: License exam scores are each good for one year. The Agency can only issue a license while the relevant scores are valid.
- Register and pay to take the principal broker license exam with PSI.
- Pass the principal broker license exam.
If you work for another principal broker: Your new principal broker must log in to eLicense and associate you with the business.
If you work on your own: You may work under your licensed name or under a registered business name (a name that is not your licensed name).
- To work under your licensed name, log in to eLicense and select "Operate Under my Own License" and complete the process online.
- To work under a registered business name, log in to eLicense and select "Registered Business Name Application," complete the online application, and pay the application fee.
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| If you are not currently licensed in Oregon: |
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To qualify for a principal real estate broker license, you must:
If you qualify, you must complete these steps in this order:
- Complete a Real Estate License Application in eLicense, the Agency's online license management system. When the application is processed, you will receive an applicant ID number.
- Pay the $230 license application fee in eLicense.
- Submit to the Agency a certified license history from the state where you obtained your active real estate license experience.
- Select an Agency-approved real estate school.
- Complete the 150-hour broker pre-license course of study.
- Select a certified continuing education provider that offers the Brokerage Administration and Sales Supervision (BASS) course. (Many real estate schools offer both the broker pre-license course of study and the BASS course.)
- Provide your applicant ID number and your full name to the BASS course provider.
- Complete the 40-hour BASS course. The course provider will then make you eligible to take the license exam.
- Register and pay for principal broker license exam through PSI.
- Pass the principal broker license exam.*
- Pay for and submit fingerprints for background check while at PSI testing center.*
- Once your background check has cleared, choose to work for another principal broker or on your own.
If you work for another principal broker: Your new principal broker must log in to eLicense and associate you with the business.
If you work on your own: You may work under your licensed name or under a registered business name (a name that is not your licensed name). - To work under your licensed name, log in to eLicense and select "Operate Under my Own License" and complete the process online.
- To work under a registered business name, log in to eLicense and select "Registered Business Name Application," complete the online application, and pay the application fee.
*Please note: License exam scores and background check clearances are each good for one year. The Agency can only issue a license while the relevant scores and background check clearance are valid.
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