Registered Residential Property Wholesaler

• Be 18 years old.
• Have a high school diploma, GED, or international equivalent.
• Register all entities, business names, and assumed business names you will use to conduct residential property wholesaling with the Corporations Division of the Oregon Secretary of State.
  

1. Create an account in eLicense, the Agency's online license management system.
   
2. Apply for a property wholesaler registration in eLicense and pay the $300 registration fee. (You will receive an Applicant ID number by email.)
3. Get fingerprinted at a Fieldprint location. (Applicant pays fingerprinting fee.)

Registration is only granted to an applicant who is trustworthy and competent to conduct residential property wholesaling in such manner as to safeguard the interests of the public. Satisfactory proof must be presented to the commissioner, which includes, but is not limited to, a criminal records check of the applicant under ORS 181A.195.

The law does not list specific criminal offenses, or other circumstances, which would prevent a person from receiving a registration.

Background check questions

While filling out the application in eLicense, you will answer questions that start the background check process.

You must be honest in answering the questions. Always err on the side of giving more information.

If you fail to disclose information as requested on the license application, it may result in the denial of a registration.

Having a criminal or otherwise adverse history does not automatically prevent a person from getting registered. In these cases, the application must be reviewed by the Agency, which will delay the process. The Agency will contact an applicant if further information is necessary to complete the review.

• Read all questions carefully before answering. You are responsible for providing complete and accurate information.
• Submit required documents as requested by the Real Estate Agency. Many applications are delayed in processing because the applicant failed to provide the required attachments, did not thoroughly answer all questions, or failed to make full disclosure. Any documents submitted become part of your background check and will not be returned to you. Photocopies of documents are acceptable, but must be legible.
• Disclose all felony and misdemeanor convictions. All arrests that have not been adjudicated must be disclosed. Offenses include major traffic violations such as DUI, reckless driving, fleeing from or attempting to elude a police officer, and driving while suspended. “Convictions” include a guilty or “no contest” plea, a verdict of guilty by a judge or jury, or a forfeiture of bail. All convictions and arrests must be disclosed whether or not they were later dismissed, whether or not a diversion program completed, and whether or not they occurred when the applicant was a minor. Do not assume that a criminal record does not exist. Criminal information is kept on record for 30 years or more by the Oregon State Police (OSP) and the Federal Bureau of Investigation (FBI).
• Disclose if you are the subject of administrative proceedings, including investigations, sanctions, hearings, or other disciplinary actions by any administrative agency. The Agency processes applicants’ names through a nationwide data bank containing regulatory disciplinary actions.
  
• Disclose specific civil and financial issues, including any adverse judgments against you related to a real property matter, all unsatisfied judgments, or bankruptcies.

Each application requiring further review is evaluated individually. The purpose of the background check is to determine the current fitness of the applicant to receive a registration.

It is important that any additional information requested by the Agency relating to employment and references be submitted in a timely manner. Positive information concerning the applicant’s employment or business activity since the issues in question may prove crucial in making the determination whether or not a registration should be granted.

Some individuals may be denied registration. The law does not list specific criminal offenses or other circumstances, which would prevent a person from receiving a registration. However, failure to disclose any criminal, civil, or administrative proceeding is grounds for denial of a registration.

Agency staff cannot tell you if specific things from your past would prohibit you from obtaining a registration. You must complete the background check process, including the application and fingerprints, for the Agency to make a determination. If you have further questions about the background check process, call the Licensing Division at (503) 378-4170.

Fingerprinting

Fingerprints are taken by Fieldprint. The fingerprints are then processed through the Oregon State Police (OSP) and the Federal Bureau of Investigation (FBI). You will pay a fee directly to Fieldprint for fingerprinting services. 

The fingerprinting process can take 2-3 weeks.

Your registration is issued after:

• The Agency receives your fingerprint results.
  
• Your background check has been reviewed and approved.
  
• The Agency completes a final review of your application.

You will receive an email when your registration is issued.

All residential property wholesaler registrations expire June 30 each year.

• Renewal fee is $300.
  
• Renewals are completed in eLicense.
• Reminders emails are sent June 1, but do not depend on them -- you are ultimately responsible for renewing on time.
  
• Engaging in wholesaling with an expired registration may result in civil penalties.

Keep your email and mailing address updated in eLicense.