| New Licensing Rules, Policies and Forms |
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| Permanent Rules Eff. 9/26/07 |
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In 2005 the Oregon Legislature passed House Bill 2096. This bill eliminated the agency's authority to require the physical return of licenses when brokers transfer from one principal broker to another. Hence, the Real Estate Agency can no longer require that the actual paper licenses be sent to the Agency prior to processing transfers.
Specific issues have developed that prompted the Agency to review its current process for transferring licenses. To address these issues, the Agency has made the following changes to its procedures:
- A signature line has been added for the transferring broker to certify that he/she has notified the principal broker they are leaving of the transfer in writing. The transferring broker will indicate the specific date that the written transfer notice was provided to the principal broker. The date specified must be prior to the date the transfer form is received at the agency.
- Once the principal broker is notified that a broker is transferring to another real estate firm, the principal broker currently has the option of returning the transferring broker’s paper license to the Commissioner. When the paper license is received at the Agency, the license change is entered into the database on the same day it is received. At that time, the transferring broker’s license is rendered inactive and the principal broker is released from accountability for licensing purposes. For a 30-day period from that date, the transferring licensee may reactivate the license by completing the forms prepared by the Commissioner and paying the transfer fee specified in ORS 696.270. After the 30-day period has elapsed, the license may only be reactivated in accordance with subsection OAR 863-015-0065(5)(b).
- The effective date of the transfer of the transferring broker to the new principal broker is the first business day after all required forms and fees are received by the Agency [OAR-863-015-0030(3)]. A new license will be issued to the new principal broker. The principal brokers and transferring broker will have to check with the Agency to determine if the transfer is complete by calling the Agency or checking the Agency’s web-based license look-up.
The Agency has updated Oregon Administrative Rule 863 rule to reflect the changes in the statute and provide the process required for transferring a license. The rule is posted on the Agency's website. A formal rule making process will follow during the next six months to review the proposed rule and make the rule permanent.
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| License Transfer |
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License Transfer Form
- To transfer from a sending broker to a receiving broker
- Requires certification by the licensee that notice provided to the sending broker and requires receiving broker to sign
- $10 fee
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| Change License Category |
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Change License Category Form
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To change a license category (Ex: from principal real estate broker to sole practitioner)
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$10 fee
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