Real Estate Teams

Effective January 1, 2026 - House Bill 3137 establishes new requirements for real estate teams.

What is a Real Estate Team?

A real estate team is a subdivision of a brokerage that operates under a name different from the brokerage's Registered Business Name (RBN). All team members must be associated with the same managing principal broker.

Requirements for Teams

Approval & Supervision

Get formal approval from your managing principal broker
If anyone supervises other licensees, they must be a managing principal broker OR a principal broker with a written supervisory agreement

Team Disclosure Form

Provide the required Real Estate Team Disclosure Form to prospective clients as soon as you have their contact information. Use the Word version to add your branding.

Delivery methods: Email, fax, hand delivery, mail, or similar methods

Advertising Rules

Required:

Display the brokerage RBN prominently (not in fine print)
Identify which team members are licensed
Comply with OAR 863-015-0125

Prohibited:

Implying the team is separate from the brokerage
Suggesting someone is the managing principal broker if they're not

Disclosed Limited Agency

Teams representing multiple parties in the same transaction (buyer and seller, or multiple buyers) must have a disclosed limited agency agreement in place with all parties.

Key Limitations

Team members cannot be from different brokerages
Unlicensed assistants can be on teams but cannot perform licensed activities
Teams are not branch offices and don't require separate registration
When a team member leaves, update all advertising and disclosures immediately

Resources:

Real Estate Team Disclosure (PDF)
Real Estate Team Disclosure (Word)