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New Broker Licensee Information
 
NOTE: This page contains a lot of information. You may wish to bookmark this page for future reference.

E-Mail and Mailing Address

NOTE: You are required to notify the Agency of any change to your e-mail or mailing address within 10 days. Log in to eLicense to change your e-mail or mailing address with the Agency.
 
The Agency sends most communications, including license renewal notices, by e-mail. To avoid missing these important communications, add our e-mail addresses (orea.info@state.or.us and NoReply_REA@rea.state.or.us) to your address book or safe sender list.

Active and Inactive Licenses

Real estate license law give the terms "active" and "inactive" a different meaning than commonly used.

The term "active license" means the holder is authorized to conduct professional real estate activity as defined in ORS 696.010.

"Inactive license" means that the licensee still has access to the license, but it is being held in a status that does not allow the licensee to conduct professional real estate activity.

Continuing Education

First Active License Renewal - Broker:
As a newly licensed broker, you must complete two specific courses from Certified Continuing Education Providers before you can renew your license:

  • Broker Advanced Practices (27 hours)
  • Law and Rule Required Course. (3 hours)

NOTE: Completion of the 30 hours is required to renew an active license even if the license period is shorter than two years.

Active License Renewals After First Active Renewal: 
All licensees must complete a minimum of 30 clock hours of education from a Certified Continuing Education Provider during each license renewal period. Three hours must be the Law and Rule Required Course. The remaining 27 hours must be completed from Certified Continuing Education Providers in the required course topics.

Continuing Education Record Keeping Requirements:
Real estate licensees are responsible for maintaining their own continuing education records for three years after license renewal date for which the hours were earned.

  • Certificates of Attendance - Upon completion of a course, the Certified Continuing Education Provider must give you a certificate of attendance.
  • Licensee Continuing Education Record Form - All information needed on the form can be found on the certificates of attendance.

Licensees are required to make these records available to the Agency upon request.

License Renewal

Generally, licenses are issued for two-year periods. However, your first license period will most likely be shorter.

Your license will always expire on the last day of the month of your birthday. Your first license is valid until the last day of the month of your birthday plus one year.

NOTE: The full license renewal fee is required even though the license period may be less than two years.

The Agency will e-mail you a license renewal reminder at the beginning of the month your license expires. You cannot renew before the first day of the month in which your license expires. License renewals are done online in eLicense.

The e-mail is a courtesy reminder. You are responsible for renewing your license on time. If you are not sure about your license expiration date, you can look it up by logging into your eLicense account. 

License fees:

  • $230 for an active license.
  • $110 for an inactive license.

Conducting professional real estate activity with an inactive or expired license may result in civil penalties.

Commissions and Compensation

ORS 696.290 states brokers may only receive compensation for professional real estate activity through their principal brokers. The amount of a broker's share of the compensation is negotiated between the broker and principal broker.

The Agency cannot set compensation rates or force payment of earned commissions. If you have questions about your rights regarding compensation, seek the advice of an attorney.

Leaving a Company / Transferring Licenses

You may move your license from principal broker to principal broker as you choose. The new principal broker must log into eLicense to transfer your license.

Remember that listings belong to the principal broker and/or company for whom you worked at the time the listing contracts were signed. When you are first hired, discuss with your principal broker how outstanding listings are handled when a licensee transfers. This may eliminate confusion later for you and your clients.

Principal Broker Qualifications

The professional real estate activity of brokers must be supervised by a principal broker. If you wish to work on your own, or you wish to supervise other real estate licensees, you must obtain a principal broker license. See Principal Broker License Requirements for more information.

Statutes and Rules

Oregon Revised Statutes (ORS) chapter 696 and Oregon Administrative Rule (OAR) chapter 863 govern many aspects of your professional real estate activity, such as duties you owe to your clients, advertising requirements, and record maintenance. A periodic review of the laws and rules can help you find answers to many questions that come up.

Access to the full text of ORS 696 and OAR 863 can be found at Statutes and Rules.

Questions?

The Agency can be reached at (503) 378-4170, or by e-mail at orea.info@state.or.us.

The Oregon Real Estate Agency's authority is limited to real estate license law as found in ORS 696 and OAR 863. Agency staff cannot answer questions about contract law, real estate law, or landlord and tenant law. The Agency cannot provide legal advice.