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Oregon Real Estate Broker — Requirements & Free Practice

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Real Estate Broker

Entry-level Oregon real estate brokerage license.

Licensing authority: Oregon Real Estate Agency · Application information

Active renewal — first
Oregon Broker Assessment of License Proficiency (practice unavailable)
Application
Submit the active-renewal application, course information and required renewal fee.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Current active license.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Active renewal — subsequent
No examination is required for this applicant pathway.
Application
Submit the active-renewal application, course information and required renewal fee.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Current active license.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Return of license held while employed by the Agency
No examination is required for this applicant pathway.
Employment
The existing license was placed on hold at commencement of Agency employment.
Termination
On termination of employment it may be returned active or inactive without a further activation fee; the original expiration date remains controlling.

Official no-examination sources

Effective from 2026-09-22.

Initial licensure by examination

All of the following:

Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
An authorized principal broker must associate the broker with a managing principal broker’s registered business name.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete 150 hours of Agency-approved broker prelicense education; the school certifies exam eligibility. Course completion assessments are education conditions.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Renew expired license to active status — first
Oregon Broker Assessment of License Proficiency (practice unavailable)
Application
Submit active-renewal application, course information, renewal and late fees, and a license transfer or applicable business-name registration.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
Effective Date
Renewal is effective when requirements are met and is not retroactive.
License Status
Expired for no more than one year.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Renew expired license to active status — subsequent
No examination is required for this applicant pathway.
Application
Submit active-renewal application, course information, renewal and late fees, and a license transfer or applicable business-name registration.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
Effective Date
Renewal is effective when requirements are met and is not retroactive.
License Status
Expired for no more than one year.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Renew expired license to inactive status within one year
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application, renewal fee and late fee.
Effective Date
Renewal is effective when requirements are met and is not retroactive; a license expired more than one year has lapsed.
License Status
Expired for no more than one year.

Official no-examination sources

Effective from 2026-09-22.

Change current principal broker license to broker license
No examination is required for this applicant pathway.
Application
Submit a broker license application and pay the Agency fee required by OAR 863-014-0010.
Association
A broker must be associated with a managing principal broker.
Prior License
Hold a current principal real estate broker license.

Official no-examination sources

Effective from 2026-09-22.

Nonresident licensure by recognition or reciprocity

All of the following:

Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
An authorized principal broker must associate the broker with a managing principal broker’s registered business name.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Nonresident License
Reside and be actively licensed in an eligible reciprocal jurisdiction; provide active-license proof, fingerprints, fees and an affidavit of familiarity with Oregon law.
Prelicense Education
Complete 150 hours of Agency-approved broker prelicense education; the school certifies exam eligibility. Course completion assessments are education conditions.
Reciprocity Currency
The reciprocal license remains effective only while the agreement remains in effect and the licensee meets renewal and good-standing requirements.
Reciprocity Exception
OAR 863-014-0080(9) applies Oregon’s ordinary licensing requirements except as an operative reciprocity agreement or Commissioner discretion provides otherwise. Specific agreement exceptions and waivers are applicant conditions. The Agency directs applicants to contact it for the agreement-specific requirements.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Initial licensure with a license held elsewhere

All of the following:

Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
An authorized principal broker must associate the broker with a managing principal broker’s registered business name.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete 150 hours of Agency-approved broker prelicense education; the school certifies exam eligibility. Course completion assessments are education conditions.
Prior License
A license held elsewhere does not waive Oregon’s ordinary education or examination requirements.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Reactivation — 31 days to under two years — first
Oregon Broker Assessment of License Proficiency (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive more than 30 days but fewer than two consecutive years without an active license.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — 31 days to under two years — subsequent
No examination is required for this applicant pathway.
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive more than 30 days but fewer than two consecutive years without an active license.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Reactivation — two or more years — first

All of the following:

  • Oregon Broker Assessment of License Proficiency (practice unavailable)
  • Oregon Broker/Principal Broker Reactivation Examination (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
No active license for two or more consecutive years.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — two or more years — subsequent
Oregon Broker/Principal Broker Reactivation Examination (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
No active license for two or more consecutive years.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.
Reactivation — within 30 days — first
Oregon Broker Assessment of License Proficiency (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive no more than 30 days and fewer than two consecutive years without an active license.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — within 30 days — subsequent
No examination is required for this applicant pathway.
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive no more than 30 days and fewer than two consecutive years without an active license.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Reapply for full licensure after lapsed license

All of the following:

Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
An authorized principal broker must associate the broker with a managing principal broker’s registered business name.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete 150 hours of Agency-approved broker prelicense education; the school certifies exam eligibility. Course completion assessments are education conditions.
Prior Status
The prior license is lapsed. Reapply and satisfy current new-license qualifications; no renewal of that prior license is available.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Reapply for full licensure after revoked license

All of the following:

Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
An authorized principal broker must associate the broker with a managing principal broker’s registered business name.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete 150 hours of Agency-approved broker prelicense education; the school certifies exam eligibility. Course completion assessments are education conditions.
Prior Status
The prior license is revoked. Reapply and satisfy current new-license qualifications; no renewal of that prior license is available.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Reapply for full licensure after surrendered license

All of the following:

Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
An authorized principal broker must associate the broker with a managing principal broker’s registered business name.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete 150 hours of Agency-approved broker prelicense education; the school certifies exam eligibility. Course completion assessments are education conditions.
Prior Status
The prior license is surrendered. Reapply and satisfy current new-license qualifications; no renewal of that prior license is available.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unrestricted license after completion of a limited license period
No examination is required for this applicant pathway.
Agency Approval
Issuance depends on Agency review and approval; the inquiry may include a Law Enforcement Data System check.
Prior Limited License
The limitation period has ended.
Written Request
Submit a written request with the authorized principal broker’s endorsement when applicable.

Official no-examination sources

Effective from 2026-09-22.

Renew active to inactive
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application and required fee.
License Status
Existing active license is renewed to inactive status.
Practice
Professional real estate activity is not permitted under inactive status.

Official no-examination sources

Effective from 2026-09-22.

Renew inactive to inactive
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application and required fee.
License Status
Existing inactive license is renewed to inactive status.
Practice
Professional real estate activity is not permitted under inactive status.

Official no-examination sources

Effective from 2026-09-22.

Convert an existing nonresident reciprocal license after becoming an Oregon resident
No examination is required for this applicant pathway.
Prior License
Hold an existing Oregon nonresident license under an operative reciprocal agreement.
Residency Change
Apply for the equivalent resident license within one year after becoming an Oregon resident; provide the proper application, requisite documents and applicable fees.

Official no-examination sources

Effective from 2026-09-22.

Reissue unexpired suspended license promptly after suspension
No examination is required for this applicant pathway.
Application
Make a written reissuance request and pay the required fee within 30 days after the close of suspension.
Later Request
Failure to act within 30 days makes the license inactive and invokes the separately recorded reactivation routes.
Prior Status
The license remains unexpired and the suspension period has ended.

Official no-examination sources

Effective from 2026-09-22.

Limited Real Estate Broker

Commissioner-limited form of the brokerage license; restrictions and duration are set individually.

Licensing authority: Oregon Real Estate Agency · Application information

Active renewal — first
Oregon Broker Assessment of License Proficiency (practice unavailable)
Application
Submit the active-renewal application, course information and required renewal fee.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Current active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Active renewal — subsequent
No examination is required for this applicant pathway.
Application
Submit the active-renewal application, course information and required renewal fee.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Current active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Discretionary limited licensure after revocation
No examination is required for this applicant pathway.
Commissioner Approval
ORS 696.130(2) permits a limited license notwithstanding the full-compliance prerequisite in subsection (1); issuance and individual limitations require the Commissioner’s public-interest determination. Any individualized order requirements remain applicant conditions.
Prior Revocation
Applicant’s prior license was revoked.

Official no-examination sources

Effective from 2026-09-22.

Renew expired license to active status — first
Oregon Broker Assessment of License Proficiency (practice unavailable)
Application
Submit active-renewal application, course information, renewal and late fees, and a license transfer or applicable business-name registration.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
Effective Date
Renewal is effective when requirements are met and is not retroactive.
License Status
Expired for no more than one year.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Renew expired license to active status — subsequent
No examination is required for this applicant pathway.
Application
Submit active-renewal application, course information, renewal and late fees, and a license transfer or applicable business-name registration.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
Effective Date
Renewal is effective when requirements are met and is not retroactive.
License Status
Expired for no more than one year.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Renew expired license to inactive status within one year
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application, renewal fee and late fee.
Effective Date
Renewal is effective when requirements are met and is not retroactive; a license expired more than one year has lapsed.
License Status
Expired for no more than one year.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.

Official no-examination sources

Effective from 2026-09-22.

Initial limited licensure

All of the following:

Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
An authorized principal broker must associate the broker with a managing principal broker’s registered business name.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Limited License
Commissioner must determine that issuance is in the public interest and sets the term, supervision, privileges and other protective limitations.
Prelicense Education
Complete 150 hours of Agency-approved broker prelicense education; the school certifies exam eligibility. Course completion assessments are education conditions.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Reactivation — 31 days to under two years — first
Oregon Broker Assessment of License Proficiency (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive more than 30 days but fewer than two consecutive years without an active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — 31 days to under two years — subsequent
No examination is required for this applicant pathway.
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive more than 30 days but fewer than two consecutive years without an active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Reactivation — two or more years — first

All of the following:

  • Oregon Broker Assessment of License Proficiency (practice unavailable)
  • Oregon Broker/Principal Broker Reactivation Examination (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
No active license for two or more consecutive years.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — two or more years — subsequent
Oregon Broker/Principal Broker Reactivation Examination (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
No active license for two or more consecutive years.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.
Reactivation — within 30 days — first
Oregon Broker Assessment of License Proficiency (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive no more than 30 days and fewer than two consecutive years without an active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — within 30 days — subsequent
No examination is required for this applicant pathway.
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive no more than 30 days and fewer than two consecutive years without an active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Renew active to inactive
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application and required fee.
License Status
Existing active license is renewed to inactive status.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Practice
Professional real estate activity is not permitted under inactive status.

Official no-examination sources

Effective from 2026-09-22.

Renew inactive to inactive
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application and required fee.
License Status
Existing inactive license is renewed to inactive status.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Practice
Professional real estate activity is not permitted under inactive status.

Official no-examination sources

Effective from 2026-09-22.

Reissue unexpired suspended license promptly after suspension
No examination is required for this applicant pathway.
Application
Make a written reissuance request and pay the required fee within 30 days after the close of suspension.
Later Request
Failure to act within 30 days makes the license inactive and invokes the separately recorded reactivation routes.
Prior Status
The license remains unexpired and the suspension period has ended.

Official no-examination sources

Effective from 2026-09-22.

Limited Principal Real Estate Broker

Commissioner-limited form of the brokerage license; restrictions and duration are set individually.

Licensing authority: Oregon Real Estate Agency · Application information

Active renewal — first
Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
Application
Submit the active-renewal application, course information and required renewal fee.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Current active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Active renewal — subsequent
No examination is required for this applicant pathway.
Application
Submit the active-renewal application, course information and required renewal fee.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Current active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Discretionary limited licensure after revocation
No examination is required for this applicant pathway.
Commissioner Approval
ORS 696.130(2) permits a limited license notwithstanding the full-compliance prerequisite in subsection (1); issuance and individual limitations require the Commissioner’s public-interest determination. Any individualized order requirements remain applicant conditions.
Prior Revocation
Applicant’s prior license was revoked.

Official no-examination sources

Effective from 2026-09-22.

Renew expired license to active status — first
Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
Application
Submit active-renewal application, course information, renewal and late fees, and a license transfer or applicable business-name registration.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
Effective Date
Renewal is effective when requirements are met and is not retroactive.
License Status
Expired for no more than one year.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Renew expired license to active status — subsequent
No examination is required for this applicant pathway.
Application
Submit active-renewal application, course information, renewal and late fees, and a license transfer or applicable business-name registration.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
Effective Date
Renewal is effective when requirements are met and is not retroactive.
License Status
Expired for no more than one year.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Renew expired license to inactive status within one year
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application, renewal fee and late fee.
Effective Date
Renewal is effective when requirements are met and is not retroactive; a license expired more than one year has lapsed.
License Status
Expired for no more than one year.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.

Official no-examination sources

Effective from 2026-09-22.

Initial limited licensure
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
Three years of active licensed broker or salesperson experience; furnish certified history for experience earned elsewhere, unless the Board grants an experience waiver.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Limited License
Commissioner must determine that issuance is in the public interest and sets the term, supervision, privileges and other protective limitations.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Reactivation — 31 days to under two years — first
Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive more than 30 days but fewer than two consecutive years without an active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — 31 days to under two years — subsequent
No examination is required for this applicant pathway.
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive more than 30 days but fewer than two consecutive years without an active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Reactivation — two or more years — first

All of the following:

  • Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
  • Oregon Broker/Principal Broker Reactivation Examination (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
No active license for two or more consecutive years.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — two or more years — subsequent
Oregon Broker/Principal Broker Reactivation Examination (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
No active license for two or more consecutive years.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.
Reactivation — within 30 days — first
Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive no more than 30 days and fewer than two consecutive years without an active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — within 30 days — subsequent
No examination is required for this applicant pathway.
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive no more than 30 days and fewer than two consecutive years without an active license.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Renew active to inactive
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application and required fee.
License Status
Existing active license is renewed to inactive status.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Practice
Professional real estate activity is not permitted under inactive status.

Official no-examination sources

Effective from 2026-09-22.

Renew inactive to inactive
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application and required fee.
License Status
Existing inactive license is renewed to inactive status.
Limitations
Continue to obey the stipulated limitations; obtain the receiving authorized principal broker’s written acknowledgment and acceptance when required by OAR 863-014-0060.
Practice
Professional real estate activity is not permitted under inactive status.

Official no-examination sources

Effective from 2026-09-22.

Reissue unexpired suspended license promptly after suspension
No examination is required for this applicant pathway.
Application
Make a written reissuance request and pay the required fee within 30 days after the close of suspension.
Later Request
Failure to act within 30 days makes the license inactive and invokes the separately recorded reactivation routes.
Prior Status
The license remains unexpired and the suspension period has ended.

Official no-examination sources

Effective from 2026-09-22.

Principal Real Estate Broker

Oregon brokerage license. Managing principal broker is a designation of the principal real estate broker license upon business-name registration, not a separate license.

Licensing authority: Oregon Real Estate Agency · Application information

Active renewal — first
Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
Application
Submit the active-renewal application, course information and required renewal fee.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Current active license.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Active renewal — subsequent
No examination is required for this applicant pathway.
Application
Submit the active-renewal application, course information and required renewal fee.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Current active license.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Return of license held while employed by the Agency
No examination is required for this applicant pathway.
Employment
The existing license was placed on hold at commencement of Agency employment.
Termination
On termination of employment it may be returned active or inactive without a further activation fee; the original expiration date remains controlling.

Official no-examination sources

Effective from 2026-09-22.

Principal broker examination — current oregon broker
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
Three years of active licensed broker or salesperson experience; furnish certified history for experience earned elsewhere, unless the Board grants an experience waiver.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Prior License
Applicant holds a current Oregon broker license. The BASS course remains required; broker prelicense education and repeat fingerprints are not required when the rule’s exemption applies.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Principal broker examination — inactive or expired oregon broker
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Agency Instruction Difference
The Agency page for out-of-state licensees or applicants who previously held an Oregon broker license also states: "Complete the 150-hour broker pre-license course of study from an Agency-approved real estate school." OAR 863-014-0040(1)(b), the higher-ranked rule, exempts active, inactive and expired Oregon brokers from that course requirement.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
Three years of active licensed broker or salesperson experience; furnish certified history for experience earned elsewhere, unless the Board grants an experience waiver.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Prior License
Applicant is an inactive or expired Oregon broker. Apply under current OAR 863-014-0040; fingerprints are exempt while the existing license remains eligible for renewal.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Principal broker examination — other experience
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
Three years of active licensed broker or salesperson experience; furnish certified history for experience earned elsewhere, unless the Board grants an experience waiver.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Prior License
Applicant is not an active, inactive or expired Oregon broker; provide certified active licensing experience and complete required broker courses unless already completed.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Initial principal broker licensure with Board approved experience waiver
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
The Board must approve an experience-waiver petition filed at least 21 days before its meeting. Other principal-broker qualifications and both examination sections remain required.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Waiver Eligibility
Commissioner-approved two-year real-estate associate degree and at least two years of active broker licensing; complete the required principal-broker course.
Initial principal broker licensure with Board approved experience waiver
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
The Board must approve an experience-waiver petition filed at least 21 days before its meeting. Other principal-broker qualifications and both examination sections remain required.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Waiver Eligibility
Written details of real-estate-related experience equivalent to at least three years of active license experience.
Initial principal broker licensure with Board approved experience waiver
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
The Board must approve an experience-waiver petition filed at least 21 days before its meeting. Other principal-broker qualifications and both examination sections remain required.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Waiver Eligibility
Commissioner-approved four-year real-estate degree and at least one year of active broker licensing.
Renew expired license to active status — first
Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
Application
Submit active-renewal application, course information, renewal and late fees, and a license transfer or applicable business-name registration.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
Effective Date
Renewal is effective when requirements are met and is not retroactive.
License Status
Expired for no more than one year.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Renew expired license to active status — subsequent
No examination is required for this applicant pathway.
Application
Submit active-renewal application, course information, renewal and late fees, and a license transfer or applicable business-name registration.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
Effective Date
Renewal is effective when requirements are met and is not retroactive.
License Status
Expired for no more than one year.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Renew expired license to inactive status within one year
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application, renewal fee and late fee.
Effective Date
Renewal is effective when requirements are met and is not retroactive; a license expired more than one year has lapsed.
License Status
Expired for no more than one year.

Official no-examination sources

Effective from 2026-09-22.

Nonresident licensure by recognition or reciprocity
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
Three years of active licensed broker or salesperson experience; furnish certified history for experience earned elsewhere, unless the Board grants an experience waiver.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Nonresident License
Reside and be actively licensed in an eligible reciprocal jurisdiction; provide active-license proof, fingerprints, fees and an affidavit of familiarity with Oregon law.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Reciprocity Currency
The reciprocal license remains effective only while the agreement remains in effect and the licensee meets renewal and good-standing requirements.
Reciprocity Exception
OAR 863-014-0080(9) applies Oregon’s ordinary licensing requirements except as an operative reciprocity agreement or Commissioner discretion provides otherwise. Specific agreement exceptions and waivers are applicant conditions. The Agency directs applicants to contact it for the agreement-specific requirements.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Reactivation — 31 days to under two years — first
Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive more than 30 days but fewer than two consecutive years without an active license.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — 31 days to under two years — subsequent
No examination is required for this applicant pathway.
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive more than 30 days but fewer than two consecutive years without an active license.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Reactivation — two or more years — first

All of the following:

  • Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
  • Oregon Broker/Principal Broker Reactivation Examination (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
No active license for two or more consecutive years.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — two or more years — subsequent
Oregon Broker/Principal Broker Reactivation Examination (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
No active license for two or more consecutive years.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.
Reactivation — within 30 days — first
Oregon Principal Broker Assessment of License Proficiency (practice unavailable)
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
First active renewal or first reactivation following an inactive first renewal: complete the 26-hour advanced-practices course, proficiency assessment, Law and Rule Required Course, and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive no more than 30 days and fewer than two consecutive years without an active license.
Renewal Stage
First active renewal or first reactivation following inactive first renewal.
Reactivation — within 30 days — subsequent
No examination is required for this applicant pathway.
Application
Within 30 days, transfer by an authorized principal broker; thereafter submit the online reactivation application and fee plus business association or principal-broker business-name registration. When two years inactive, Agency approval, the reactivation-exam fee and a passing score precede the reactivation application.
Continuing Education
After the first active renewal, complete 30 hours of eligible continuing education in the preceding two years, including the Law and Rule Required Course and State and Federal Fair Housing course.
Continuing Education Waiver
The Agency may waive continuing-education requirements for satisfactory evidence of poor health or other circumstances beyond the licensee’s control under ORS 696.174(3).
License Status
Inactive no more than 30 days and fewer than two consecutive years without an active license.
Renewal Stage
The first-active-renewal advanced-practices and proficiency requirements have already been satisfied.

Official no-examination sources

Effective from 2026-09-22.

Reapply for full licensure after lapsed license
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
Three years of active licensed broker or salesperson experience; furnish certified history for experience earned elsewhere, unless the Board grants an experience waiver.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Prior Status
The prior license is lapsed. Reapply and satisfy current new-license qualifications; no renewal of that prior license is available.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Reapply for full licensure after revoked license
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
Three years of active licensed broker or salesperson experience; furnish certified history for experience earned elsewhere, unless the Board grants an experience waiver.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Prior Status
The prior license is revoked. Reapply and satisfy current new-license qualifications; no renewal of that prior license is available.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Reapply for full licensure after surrendered license
Oregon Principal Broker License Examination — State Section
Age
At least 18 years old.
Application
Apply through eLicense and pay the $300 nonrefundable application fee before the required courses and licensing examination.
Background Check
Provide fingerprints and obtain Agency background-check approval unless exempt as an existing or renewable Oregon licensee.
Business Association
Register a business name to become its managing principal broker, or transfer into an existing managing principal broker’s active registered business name.
Experience
Three years of active licensed broker or salesperson experience; furnish certified history for experience earned elsewhere, unless the Board grants an experience waiver.
General Education
High-school diploma, GED, international equivalent or other equivalent education acceptable to the Commissioner.
Prelicense Education
Complete the 40-hour Agency-approved Brokerage Administration and Sales Supervision course. OAR 863-014-0040(1)(b) also requires the current broker courses unless the applicant is an active, inactive or expired Oregon broker or has completed them. Course final examinations are education conditions.
Prior Status
The prior license is surrendered. Reapply and satisfy current new-license qualifications; no renewal of that prior license is available.
Score Currency
Both sections must be passed within one year of the first passing score; examination results and background-check clearance must remain valid when the license is issued.
Single License
Only one Oregon broker, principal-broker, property-manager or timeshare-sales-agent license may be held at a time.
Unregistered National Exam
Pass the PSI Principal Broker License Examination national section; no corresponding explicitly identified principal-broker national version is supplied in the frozen nationwide context.
Unrestricted license after completion of a limited license period
No examination is required for this applicant pathway.
Agency Approval
Issuance depends on Agency review and approval; the inquiry may include a Law Enforcement Data System check.
Prior Limited License
The limitation period has ended.
Written Request
Submit a written request with the authorized principal broker’s endorsement when applicable.

Official no-examination sources

Effective from 2026-09-22.

Renew active to inactive
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application and required fee.
License Status
Existing active license is renewed to inactive status.
Practice
Professional real estate activity is not permitted under inactive status.

Official no-examination sources

Effective from 2026-09-22.

Renew inactive to inactive
No examination is required for this applicant pathway.
Application
Submit the online inactive-renewal application and required fee.
License Status
Existing inactive license is renewed to inactive status.
Practice
Professional real estate activity is not permitted under inactive status.

Official no-examination sources

Effective from 2026-09-22.

Convert an existing nonresident reciprocal license after becoming an Oregon resident
No examination is required for this applicant pathway.
Prior License
Hold an existing Oregon nonresident license under an operative reciprocal agreement.
Residency Change
Apply for the equivalent resident license within one year after becoming an Oregon resident; provide the proper application, requisite documents and applicable fees.

Official no-examination sources

Effective from 2026-09-22.

Reissue unexpired suspended license promptly after suspension
No examination is required for this applicant pathway.
Application
Make a written reissuance request and pay the required fee within 30 days after the close of suspension.
Later Request
Failure to act within 30 days makes the license inactive and invokes the separately recorded reactivation routes.
Prior Status
The license remains unexpired and the suspension period has ended.

Official no-examination sources

Effective from 2026-09-22.

Oregon Broker Assessment of License Proficiency

Format
60-question assessment including case studies or hypothetical scenarios
Exam questions
60 questions
Passing score
At least 75%
Examination outline
  • Required case-study or hypothetical-scenario skills
    • Identify and address issues that present risks to the client
    • Select appropriate contract provisions and terms that reflect the client's objectives
    • Identify effective communication protocols with the client and other licensees involved in the transaction
Examination sources

Oregon Broker License Examination — State Section

Provider
PSI Services LLC
Format
Multiple choice
Exam questions
50 scored questions; additional unscored experimental questions may be administered
Time limit
90 minutes
Passing score
75%
Examination outline
  • License Law and Disciplinary Measures (6 items)
    • Licensing — License maintenance and renewal, including reinstatement and reactivation
    • Licensing — Transferring licenses and updating licensee information
    • Licensing — Exemptions
    • Licensing — Activities requiring license
    • Violations and Disciplinary Measures — Violations (ORS 696.301)
    • Violations and Disciplinary Measures — Penalties and administrative actions
    • Violations and Disciplinary Measures — Investigations and hearings
  • Handling of Clients’ Funds (3 items)
    • Client Trust Accounts — Recordkeeping
    • Earnest Money
  • Agency Law and Rules (5 items)
    • Disclosed limited agency
    • Affirmative duties of agent
    • Types of agency
    • Disclosure of agency relationships
  • Regulation of Broker Activities (12 items)
    • Brokerage Activities — Advertising
    • Brokerage Activities — Broker price opinions and competitive market analyses
    • Brokerage Activities — Offers to purchase
    • Brokerage Activities — Listing agreements
    • Brokerage Activities — Licensee as principal in a transaction
    • Broker/Principal Broker Relationships — Compensation and prohibited compensation
    • Broker/Principal Broker Relationships — Employment agreements and independent contractor relationships
    • Broker/Principal Broker Relationships — Registered business names
    • Broker/Principal Broker Relationships — Supervision of associated licensees
  • Document Handling and Recordkeeping (5 items)
    • Time to submit to principal broker
    • Time for document review by principal broker
    • Record retention and storage
    • Rules for specific types of records
  • Property Management (4 items)
    • Property Management Agreements and Terminations
    • Records and Receipts
    • Residential Landlord and Tenant Act (ORS 90.100 - 90.840)/Rent Control
    • Property Manager Duties and Obligations
  • Oregon Real Estate Related Statutes (15 items)
    • Assessment and Taxation of Real Property
    • Subdivisions and Partitions (ORS 92.010 - 92.990)
    • Oregon Water Rights
    • Oregon Construction Lien Law (ORS 87.001 - 87.093)
    • Oregon Discrimination Statute ORS 659A.421
    • Oregon Trust Deed Act (ORS 86.705 - 86.795)
    • Oregon Land Use Law
    • Oregon Property Disclosure Statement and Stigmatized Properties
    • Agricultural and Forest
    • Foreclosures and Short Sales
    • Common Interest Ownership and Special Requirements — Condos, timeshares, etc.
    • Forms of Ownership - tenancy by the entirety
    • Manufactured Homes
    • Oregon Environmental Regulation
    • Rectangular Survey System
Examination sources

Oregon Broker/Principal Broker Reactivation Examination

Provider
PSI Services LLC
Format
Multiple choice
Exam questions
48 scored questions; additional unscored experimental questions may be administered
Time limit
120 minutes
Passing score
75%
Examination outline
  • General Real Estate Law (11 items)
    • Agent duties
    • Contract provisions
    • Easements
    • Listing agreements
    • Offers to purchase
    • Options
    • Property rights and ownership
  • Oregon License Laws (15 items)
    • Broker-principal broker relationships
    • Principal broker responsibilities
    • Clients’ trust accounts
    • Earnest money
    • Required disclosures
    • License law violations
    • Unlicensed assistants
  • Real Estate Finance (9 items)
    • Accelerations clauses
    • Area calculations
    • Federal lending laws
    • FHA
    • Foreclosure
    • Mortgage and price calculations
    • Types of mortgages
  • Special Fields (3 items)
    • Fair housing
    • Property management
    • Landlord responsibilities
  • Control Laws (10 items)
    • Condominium Act (ORS 100)
    • Construction liens
    • Oregon Trust Deed Act (ORS 86)
    • Oregon water rights
    • Residential Landlord and Tenant Act (ORS 90), including rent control
    • Statute of Frauds (ORS 41.580)
    • Subdivisions and partitions
    • Tax assessments and liens
Examination sources

National Broker Exam — National Portion (Real Estate Principles and Practices)

Provider
PSI Services LLC
Format
National portion of state real estate broker licensing examinations with its own minimum passing score; scenario-based questions with more than four options and one best answer, each option weighted zero, one or two points; candidates who fail one portion retake only that portion
Examination outline
  • I. Property Ownership (Broker 10%) (10%)
    • A. Real and personal property; conveyances
    • B. Land characteristics and legal descriptions: 1. Metes and bounds method of legal property description; 2. Lot and block (recorded plat) method of legal property description; 3. Government survey (rectangular survey) method of legal property description; 4. Measuring structures (linear and square footage); 5. Land measurement
    • C. Encumbrances and effects on property ownership: 1. Types of liens and their effect on the title and value of real property; 2. Easements, rights of way and licenses, including their effect on the title, value and use of real property; 3. Encroachments and their effect on the title, value and use of real property; 4. Potential encumbrances on title, such as probate, leases, or adverse possession; 5. Property rights that may be conveyed separately from use of the land surface, such as mineral and other subsurface rights, air rights, or water rights
    • D. Types of ownership: 1. Ownership in severalty/sole ownership; 2. Implications of ownership as tenants in common; 3. Implications of ownership in joint tenancy; 4. Forms of common-interest ownership, such as Timeshares, Condominiums and Co-ops; 5. Property ownership held in a trust or by an estate; 6. Ownership by business entities; 7. Life Estate ownership
  • II. Land use Controls (Broker 5%) (5%)
    • A. Government rights in land: 1. Government rights to impose property taxes and special assessments; 2. Government rights to acquire land through eminent domain, condemnation and escheat
    • B. Government controls on land use
    • C. Private controls: 1. Deed conditions or restrictions on property use; 2. Subdivision covenants, conditions and restrictions (CC&Rs) on property use; 3. Condominium and owners’ associations regulations or bylaws on property use
  • III. Valuation (Broker 8%) (8%)
    • A. Appraisals: 1. Appraisals for valuation of real property; 2. Situations which require appraisal by a licensed or certified appraiser and brokerage-related actions that constitute unauthorized appraisal practice; 3. General steps in appraisal process
    • B. Estimating Value: 1. Economic principles and property characteristics that affect value of real property; 2. Sales or market comparison approach to property valuation and appropriate uses; 3. Cost approach to property valuation and appropriate uses; 4. Income analysis approach to property valuation and appropriate uses
    • C. Comparative Market Analysis (CMA): 1. Competitive/Comparative Market Analysis (CMA), BPO or equivalent; 2. Automated Valuation Method (AVM), appraisal valuation and Comparative Market Analysis (CMA)
  • IV. Financing (Broker 9%) (9%)
    • A. Basic Concepts and Terminology: 1. Loan financing (for example, points, LTV, PMI, interest, PITI); 2. General underwriting process (e.g., debt ratios, credit scoring and history); 3. Standard mortgage/deed of trust clauses and conditions; 4. Essential elements of a promissory note
    • B. Types of Loans: 1. Conventional loans; 2. Amortized loans, partially amortized (balloon) loans, interest-only loans; 3. Adjustable-rate mortgage (ARM) loans; 4. Government Loans — a. FHA insured loans; b. VA guaranteed loans; c. USDA/Rural Development loan programs; 5. Owner financing (for example, installment or land contract/contract for deed); 6. Reverse-mortgage loans; 7. Home equity loans and lines of credit; 8. Construction loans; 9. Rehab loans; 10. Bridge loans
    • C. Financing and Lending: 1. Real Estate Settlement Procedures Act (RESPA), including kickbacks; 2. Truth-in-Lending Act (Regulation Z), including advertising; 3. Requirements and time frames of TRID (TILA-RESPA Integrated Disclosures); 4. Equal Credit Opportunity Act; 5. Lending Process (application through loan closing); 6. Risky loan features, such as prepayment penalties and balloon payments
  • V. Contracts (Broker 19%) (19%)
    • A. General Contract Law: 1. General principles of contract law; 2. Elements necessary for a contract to be valid; 3. Effect of the Statute of Frauds; 4. Offer and a contract; 5. Enforceability of contracts; 6. Void, voidable and unenforceable contracts; 7. Bilateral and unilateral contracts; 8. Nature and use of option agreements; 9. Notice, delivery, acceptance and execution of contracts; 10. Appropriate use, risks, and advantages of electronic signatures and paperless transactions; 11. Rights and obligations of the parties to a contract; 12. Possible remedies for breach or non-performance of contract; 13. Termination, rescission and cancellation of contracts
    • B. Purchase and Lease Contracts: 1. Addenda and amendments to contracts; 2. Purchase agreements; 3. Contract contingencies and methods for satisfying them; 4. Leases and rental agreements; 5. Lease-purchase agreements; 6. Types of leases
    • C. Proper handling of multiple offers and counteroffers
  • VI. Agency (Broker 13%) (13%)
    • A. Agency and non-agency relationships: 1. Agency relationships and how they are established; 2. Types of listing contracts; 3. Buyer brokerage/tenant representation contracts; 4. Other brokerage relationships, including transaction brokers and facilitators; 5. Powers of attorney and other assignments of authority; 6. Conditions for termination of agency or brokerage service agreements
    • B. Agent Duties: 1. Fiduciary duties of agents; 2. Agent's duties to customers/non-clients, including honesty and good faith
    • C. Agency Disclosures: 1. Disclosure of agency/representation; 2. Disclosure of possible conflict of interest or self-interest
  • VII. Property Disclosures (Broker 7%) (7%)
    • A. Property Condition: 1. Seller's property condition disclosure requirements; 2. Property conditions that may warrant inspections or a survey; 3. Red flags that warrant investigation of public or private land use controls
    • B. Environmental and Government Disclosures: 1. Environmental issues requiring disclosure; 2. Federal, state, or local disclosure requirements regarding the property
    • C. Disclosure of material facts and material defects
  • VIII. Property Management (Broker 5%) (5%)
    • A. Duties and Responsibilities: 1. Procurement and qualification of prospective tenants; 2. Fair housing and ADA compliance specific to property management; 3. How to complete a market analysis to identify factors in setting rents or lease rates; 4. Property manager responsibility for maintenance, improvements, reporting and risk management (BROKER ONLY); 5. Handling landlord and tenant funds; trust accounts, reports and disbursements (BROKER ONLY); 6. Provisions of property management contracts (BROKER ONLY)
    • B. Landlord and tenant rights and obligations
  • IX. Transfer of Title (Broker 6%) (6%)
    • A. Types of deeds
    • B. Title Insurance and Searches: 1. Title insurance policies and title searches; 2. Potential title problems and resolutions; 3. Marketable and insurable title
    • C. Closing Process: 1. When transfer of ownership becomes effective; 2. Process and importance of recordation; 3. Settlement procedures (closing) and parties involved; 4. Home and new construction warranties
    • D. Special Processes: 1. Special issues in transferring foreclosed properties; 2. Special issues in short sale transactions; 3. Special issues in probate transactions
  • X. Practice of Real Estate (Broker 12%) (12%)
    • A. Antidiscrimination: 1. Federal Fair Housing Act general principles and exemptions; 2. Protected classes under Federal Fair Housing Act; 3. Protections against discrimination based on gender identity and sexual orientation; 4. Prohibited conduct under Federal Fair Housing Act (Redlining, Blockbusting, Steering, Disparate Treatment); 5. Fair housing advertising rules; 6. Americans with Disabilities Act (ADA) obligations pertaining to accessibility and reasonable accommodations
    • B. Legislation and Regulations: 1. Licensees’ status as employees or independent contractors; 2. Antitrust laws and types of violations, fines and penalties; 3. Do-Not-Call List rule compliance; 4. Proper use of Social Media and Internet communication and advertising
    • C. Duties and Responsibilities: 1. Protection of confidential personal information (written, verbal or electronic); 2. Duties when handling funds of others in transactions; 3. Licensee responsibility for due diligence in real estate transactions
    • D. Supervisory Responsibilities (BROKER ONLY): 1. Broker's supervisory responsibilities (licensees, teams and unlicensed assistants and employees) (BROKER ONLY); 2. Broker relationship with licensees (employees or independent contractors and governing rules) (BROKER ONLY)
  • XI. Real Estate Calculations (Broker 6%) (6%)
    • A. Calculations for Transactions: 1. Seller’s net proceeds; 2. Buyer funds needed at closing; 3. Real property tax and other prorations; 4. Real property transfer fees; 5. PITI (Principal, Interest, Taxes and Insurance) payments estimate given loan rate and term
    • B. General Concepts: 1. Equity; 2. Rate of return/Capitalization rate; 3. Loan-to-Value ratio; 4. Discount points and loan origination fees
Examination sources

Oregon Principal Broker Assessment of License Proficiency

Format
60-question assessment including case studies or hypothetical scenarios
Exam questions
60 questions
Passing score
At least 75%
Examination outline
  • Required case-study or hypothetical-scenario skills
    • Issues that present harm or risks of harm to the client or consumer
    • Office policies that could have prevented the harm or mitigated the risk of harm to the clients or consumers
    • Supervision and training protocols that could have prevented the harm or mitigated the risk of harm to the clients or consumers
    • Effective communication and conflict resolution strategies
    • Conduct that meets or exceeds the standard of care and conduct that falls below the standard of care for real estate licensees in Oregon
Examination sources

Oregon Principal Broker License Examination — State Section

Provider
PSI Services LLC
Format
Multiple choice
Exam questions
50 scored questions; additional unscored experimental questions may be administered
Time limit
90 minutes
Passing score
75%
Examination outline
  • License Law and Disciplinary Measures (7 items)
    • Licensing — License maintenance and renewal, including reinstatement and reactivation
    • Licensing — Transferring licenses and updating licensee information
    • Licensing — Exemptions
    • Licensing — Activities requiring license
    • Licensing — Registered business name maintenance/renewal
    • Violations and Disciplinary Measures — Violations (ORS 696.301)
    • Violations and Disciplinary Measures — Penalties and administrative actions
    • Violations and Disciplinary Measures — Investigations and Hearings
  • Handling of Clients’ Funds (5 items)
    • Clients’ Trust Accounts — Establishing and maintaining client trust accounts
    • Clients’ Trust Accounts — Recordkeeping
    • Clients’ Trust Accounts — Reconciliation
    • Earnest Money
  • Agency Law and Rules (5 items)
    • Disclosed limited agency
    • Affirmative duties of agent
    • Types of agency
    • Disclosure of agency relationships
  • Regulation of Broker Activities (8 items)
    • Brokerage Activities — Advertising
    • Brokerage Activities — Broker price opinions and competitive market analyses
    • Brokerage Activities — Offers to purchase
    • Brokerage Activities — Listing agreements
    • Brokerage Activities — Licensee as principal in a transaction
    • Broker/Principal Broker Relationships — Compensation and prohibited compensation
    • Broker/Principal Broker Relationships — Employment Agreements
    • Broker/Principal Broker Relationships — Registered Business Names
  • Document Handling and Recordkeeping (4 items)
    • Time to submit to principal broker
    • Record retention and storage
    • Rules for specific types of records
  • Property Management (6 items)
    • Property Management Agreements and Terminations
    • Records and Receipts
    • Residential Landlord and Tenant Act (ORS 90.100 - 90.840)/Rent Control
    • Property Manager Duties and Obligations
  • Oregon Real Estate Related Statutes (15 items)
    • Assessment and Taxation of Real Property
    • Subdivisions and Partitions (ORS 92.010 - 92.990)
    • Oregon Water Rights
    • Oregon Construction Lien Law (ORS 87.001 - 87.093)
    • Oregon Discrimination Statute ORS 659A.421
    • Oregon Trust Deed Act (ORS 86.705 - 86.795)
    • Oregon Land Use Law
    • Oregon Property Disclosure Statement and Stigmatized Properties
    • Agricultural and Forest
    • Foreclosures and Short Sales
    • Common Interest Ownership and Special Requirements — Condos, timeshares, etc.
    • Forms of Ownership - tenancy by the entirety
    • Manufactured Homes
    • Oregon Environmental Regulation
    • Rectangular Survey System
Examination sources