Oregon Administrative Rules
Chapter 863 - REAL ESTATE AGENCY
Division 22 - LICENSE APPLICANT COURSE REQUIREMENTS AND COURSE APPROVAL
Section 863-022-0020 - Advanced Practices Course Requirement for the First Active Renewal of Broker License

Universal Citation: OR Admin Rules 863-022-0020

Current through Register Vol. 63, No. 9, September 1, 2024

(1) The course required by OAR 863-020-0010 before the first active renewal of a real estate broker license, or before the first license reactivation following an inactive first renewal, is an Agency-approved broker advanced practices course.

(2) In order to renew a license, a real estate broker who completes the 27-hour course described in section (3) of this rule must also complete the Law and Rule Required Course required under OAR 863-020-0010.

(3) An Agency-approved broker advanced practices course must include 27 clock-hours allocated among topics in the number of hours as follows:

(a) (9 hours) Business ethics;

(b) (3 hours) Review of recent administrative actions issued by the Agency;

(c) (4.5 hours) Property management;

(d) (3 hours) Business economics;

(e) (3 hours) Advanced agency relationships, including dual representation

(f) (4.5 hours) Misrepresentation and negligence.

(4) To receive credit for the broker advanced practices course, a real estate broker must complete the course, including a final examination, and receive a passing score of at least 75% on a final examination.

(5) The licensee must obtain a certificate of course completion and maintain it as required by OAR 863-020-0015.

(6) The broker advanced course and the Law and Rule Required Course are eligible for continuing education credit under OAR 863-020-0010.

Statutory/Other Authority: ORS 696.385

Statutes/Other Implemented: ORS 696.174, ORS 696.182 & ORS 696.184

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