March 2026 - This page was updated on March 30, 2026, The section on Disclosed Limited Agency Agreements has been revised.
A new law that took effect January 1, 2026, now governs how teams must operate, advertise, and serve clients. If you work on a real estate team, or are thinking about starting one, here’s what you need to know.
What is a Real Estate Team?
According to ORS 696.370, a real estate team is a group that:
- Works under a name different from the brokerage's Registered Business Name (RBN)
- Operates as a group within the RBN
- Consists of one or more brokers or principal brokers who are associated with the same managing principal broker.
In short, if your group operates under its own name within a brokerage, you are a team under the new law, and the requirements below apply to you.
Key Requirements
Get Approval from Your Managing Principal Broker
Even if your team has been operating for years, make sure your managing principal broker has officially approved your team.
Use the New Team Disclosure Form
Before signing any agreement with a client, you must give them the Real Estate Team Disclosure Form from the Oregon Real Estate Agency (OREA). This form includes:
- Your managing principal broker’s name and the RBN
- Names and roles of all team members
- Which team members are licensed and which are not
- Who supervises the team
- A statement that if your team represents both sides of a deal, a disclosed limited agency agreement must be in place
Check Supervision
If someone on your team supervises others, they must be a managing principal broker or a principal broker with a written supervisory agreement with the managing principal broker. This ensures that anyone in a supervisory role has authority and accountability as required by law.
Review Your Advertising
All team advertising must:
- Clearly show the name of the RBN
- Not suggest the team is a separate company
- Clearly identify licensed and nonlicensed members if both are named
- Follow all other advertising rules found in Oregon Administrative Rule (OAR) 863-015-0125
Real Estate Team Names
Starting July 1, 2027, real estate team names cannot include the terms “real estate” or “realty.” Existing teams will need to rebrand by that date.
To learn more, read
Remove “Real Estate” and “Realty” from Real Estate Team Names by July 1, 2027.
Disclosed Limited Agency Agreements
Before a member of your team can represent both a buyer and a seller in the same transaction, or two or more buyers interested in the same property, the team must have a disclosed limited agency agreement in place with all parties.
Resources
The Oregon Real Estate Agency has gathered resources to help you comply:
Have Questions?
Reach out to the Oregon Real Estate Agency at
orea.info@rea.oregon.gov.