A broker license is the entry-level license in Oregon. A licensed real estate broker can conduct professional real estate activity as defined in ORS 696.010 while supervised by a principal broker.
An individual can hold only one real estate license (broker, principal broker, or property manager) at a time.
- Be 18 years old.
- Have a high school diploma, GED, or international equivalent.
- Register for an account in eLicense, the Agency's online license management system.
- Apply for a broker license and pay the $300 application fee in eLicense. When the application is processed, you will receive an Applicant ID number by e-mail.
- Complete the 150 hours of required broker pre-license education from an Agency-approved real estate school.
Contact PSI, the testing services provider, to schedule and pay for the broker license exam (PDF).
Pass both sections of the broker license exam.*
Pay and get fingerprinted for the required background check while at a PSI testing center.*
- Give your Applicant ID number and full name to the school.
- The real estate school will make you eligible to take the license exam.
- Only courses completed on or after January 1, 2013 meet licensing requirements.
* 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.
A license is issued when
- Your background check clears,
- Your new principal broker adds your pending license (PDF) into the business, and
- The Agency completes a final review of your application.
You will receive an email when your license is issued.