ORS 696.290 prohibits an Oregon real estate licensee from sharing a commission with someone who is not licensed
By Jeff Sorg, OnlineEd Blog
(October 23, 2015) – ORS 696.290 prohibits an Oregon real estate licensee from sharing a commission with someone who is not licensed. An attorney, while exempt from real estate licensing requirements, is an unlicensed person. Sharing your commission with an unlicensed individual is against the law, even when that individual is an attorney who sends a commission demand to escrow, unless the attorney also holds a real estate license.
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Jeff Sorg is a co-founder of OnlineEd®, an online real estate, mortgage broker, and vocational school founded in 1997, where he also serves as Chief Executive Officer, and School Director. Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses and has been awarded the International Distance Education Certification Center’s CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus in the National Association, Life Member award in Portland Metro Association and Chairperson of the Oregon Real Estate Forms Committee.
OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.