The Agency completed comprehensive reviews and revisions to all of its administrative rules. The final rules will be filed by December 15, 2008. All rules become effective on January 1, 2009. Licensees are responsible for knowing current rules.

The Real Estate Board approved the permanent rule for advertising (OAR 863-015-0125) and the new rules defining the criminal background check process for license applicants. There were no changes in the language of the temporary advertising rule, so the permanent rule continues the requirements that have been in place since January 18.

The Agency encourages anyone interested in receiving information on administrative rule changes to notify us. We have both regular mail and e-mail notification methods available.

Effective May 23, 2008, Senate Bill 1101 clarifies language pertaining to the withholding of income taxes for certain real estate transactions.

Homeowners have many resources when faced with a possible foreclosure.

The definition of professional real estate activity includes the management of rental real estate. This means that brokers and principal brokers are able to manage property without obtaining a property manager license.

Oregon's 150th birthday will be on February 14th, 2009. You can join in on the festivities by submitting your "Oregon Story," share your hopes for Oregon's future with the "Oregon Dreams Blog," or participate in the great events scheduled across the state.

A "condominium" is a special form of property ownership which is created and governed in Oregon by statute (ORS 100.005 to 100.910 and 100.990), known as the "Oregon Condominium Act."

If you are a new Oregon broker, you must take the 30-hour Advanced Real Estate Practices (AP) course before your first active license renewal.