Oregon Administrative Rules
Chapter 863 - REAL ESTATE AGENCY
Division 15 - REAL ESTATE BROKER REGULATION
Section 863-015-0175 - Reporting Litigation Involving Licensees
Current through Register Vol. 63, No. 9, September 1, 2024
(1) A real estate licensee must notify the Commissioner of the following:
(2) The Agency's administrative proceeding determinations are not subject to this rule's notification requirements.
(3) The notification required by this rule must be in writing and must include a brief description of the circumstances involved, the names of the parties, and a copy of the adverse decision, judgment, or award and, in the case of a criminal conviction, a copy of the sentencing order. If any such judgment, award, or decision is appealed, each subsequent appellate court decision is subject to this rule's notification requirements.
(4) The notification required by this rule must be made within twenty 20 calendar days after receiving written notification of an adverse judgment, award, or decision described in this rule. Notification must be made under this rule whether or not the decision is appealed.
(5) Arbitration proceedings between licensees concerning only a commission payment dispute are not subject to this rule's notification requirements.
Statutory/Other Authority: ORS 696.385
Statutes/Other Implemented: ORS 696.301