Oregon Administrative Rules
Chapter 863 - REAL ESTATE AGENCY
Division 22 - LICENSE APPLICANT COURSE REQUIREMENTS AND COURSE APPROVAL
Section 863-022-0021 - Advanced Practices Course Requirement for the First Active Renewal of Principal Broker License

Universal Citation: OR Admin Rules 863-022-0021

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

(1) The principal broker advanced practices course required by OAR 863-020-0010 before the first active renewal of a principal broker license, or before the first license reactivation following an inactive first renewal, is an Agency approved 27-hour principal broker advanced practices course.

(2) A principal broker who is required to take the advanced practices course in order to renew a license must also complete the Law and Rule Required Course required under OAR 863-020-0010.

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

(a) (4 hours) Brokerage Practices;

(b) (4 hours) Supervision and Managing Real Estate Licensees;

(c) (3 hours) Clients' Trust Accounts;

(d) (3 hours) Records and Maintenance;

(e) (4 hours) Property Management;

(f) (3 hours) Advertising;

(g) (3 hours) Affirmative Duties of Agent & Agency Relationships;

(h) (3 hours) Professional Real Estate Activity;

(4) To receive credit for an advanced practices course, a principal broker must complete the course and receive a passing score of at least 75% on a final examination containing 60 questions.

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

(6) The principal broker advanced practices 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

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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