Tag Archives: How do I get an Oregon Principal Broker License

Oregon Real Estate Agency Requires Principal Broker Advanced Practices Course

Principal brokers with a license expiration date after July 1, 2019, renewing a for the first time must take the 27-hour Principal Broker Advanced Practices course.

By Jeff Sorg, OnlineEd Blog

(November 2, 2018)

(PORTLAND, Ore.) OnlineEd – Principal brokers with a license expiration date after July 1, 2019, who will be renewing their active license for the first time, will have to take the 27-hour Principal Broker Advanced Practices course. If the first principal broker license renewal was in inactive status and the principal broker wants to reactivate it for the first time on or after July 1, 2019, they will have to take the 27-hour Principal Broker Advanced Practices course. The 3-hour Law and Rule Required Course (LARRC) is also required to renew or reactivate the license. Except for LARRC, if the principal broker already completed regular continuing education, it will not count if for renewing active for the first time, or if reactivating after an inactive first renewal, on or after July 1, 2019.

Exclusively for OnlineEd customers who completed their regular continuing education with OnlineEd during their first Principal Broker license renewal cycle who cannot use that education for their renewal, they may qualify with OnlineEd to have their previous purchase credited against the $229 price of the OnlineEd 27-hour Principal Broker Advanced Practices course.

Law and Rule Required Course (LARRC) is another 3-hour course that is required for all license renewals. Together, Principal Broker Advanced Practices and Law and Rule Required Course will complete the required 30-hours of education needed to renew a principal broker license. Law and Rule Required Course is free at OnlineEd to all Oregon real estate licensees, whether property manager, broker or principal broker.

The Oregon Real Estate Agency has eight required course categories for Principal Broker Advanced Practices. These topics are:

Module 1: Brokerage Practices, covering business registration and planning
Module 2: Supervising and Managing Real Estate Licensees
Module 3: Affirmative Duties of Agent and Agency Relationships
Module 4: Advertising Rules
Module 5: Property Management
Module 6: Clients’ Trust Accounts
Module 7: Records and Record Maintenance
Module 8: Professional Real Estate Activity

The OnlineEd course divides each topic into smaller learning segments that cover specific facts, information, and details. Each module is populated with learning assessments to help learners comprehend presented information and a 60-question final exam at the end of the course. As with any Oregon continuing education course, Principal Broker Advanced Practices is required to be time-monitored. Once the learner completes all course elements and has spent the minimum necessary time logged into the course, the course final exam is made available. The final exam is not timed, requires a minimum passing score of 75%, and can be taken as many times as necessary to achieve a passing score. After successfully completing the final exam for this 27-hour course, a course completion certificate is generated. This certificate should be printed and kept by licensees in their education files as proof of meeting the OREA-required first-time renewal education course. You are not required to send this certificate to the Agency but must have it available for the Agency for three years after it is used for license renewal.

To sign up for the OnlineEd Principal Broker Advanced Practices course, please visit the OnlineEd web site.

 

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OnlineEd blog postings are the opinion of the author and not intended as legal or other professional advice. Be sure to consult the appropriate party when professional advice is needed.

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers visit www.OnlineEd.com.

All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained from third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

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How to Print a Copy of Your Oregon Real Estate License

(Jeff Sorg – OnlineEd®) – Follow these simple steps to access and print a copy of your Oregon real estate license:

  1. Log into eLicense at https://orea.elicense.irondata.com/
  2. Click on the Print License link in the menu to the left

orea print license

Oregon Real Estate License Statistics, Year-to-date July 2011

Oregon Real Estate License Statistics - YTD July 2011

 

 

 

7 Reasons to Get an Oregon Principal Broker License Before January 1, 2011

By Jeff Sorg

PORTLAND, OR (OnlineEd) – The Oregon Real Estate Agency is changing its principal broker licensing law. The law change becomes effective January 1, 2011 and is a result of Senate Bill 640 (“SB 640”). The Bill requires that only an Oregon Real Estate Agency Certified Continuing Education Provider can offer the required 40-hour principal broker licensing course, Brokerage Administration and Sales Supervision (“BASS”). Once the education provider is certified, their course will have to be approved by the Oregon Real Estate Agency. For any Oregon real estate broker licensed between July 1, 2002 and December 31, 2007 wanting to become a principal broker, now is the best time to get a principal broker license. Here are 7 reasons to get your principal broker license right now:

  1. Beginning January 1, 2011 the new law will require all principal broker applicants to complete an approved course and to take and pass the new principal broker licensing examination. Completing the course now and upgrading to a principal broker license before January 1, 2011 means the licensee will not have to take this new State licensing exam.
  2. The Oregon Real Estate Agency allows the current 40-hour version of the principal broker course to be used for 30-hours of continuing education, when approved by the licensee’s current principal broker.
  3. When licensees become principal brokers, they can self-supervise and supervise other individuals, such as brokers or licensed personal assistants.
  4. The BASS course provides the licensee with an increased knowledge about real estate law and practices.
  5. Armed with 40 hours of Oregon Real Estate Agency required and approved education, principal brokers are more confident in their daily practice
  6. Principal brokers provide better client representation through their increased knowledge
  7. Pricing for the BASS course has never been better. For a limited time, principal broker applicants can get $(removed) worth of course for as low as $(removed) at OnlineEd®. That’s a savings of $(removed).

The OnlineEd® Brokerage Administration and Sales Supervision course is Oregon Real Estate Agency approved, delivered online in text format and comes with instructor and author support by email or phone. The course contains the topics of Management of a Brokerage, Business Planning, Associate Performance, Broker Supervision, Advertising, Real Estate Office and Regulatory Requirements, Financial Records and Reports, Non-trust Accounts, Non-financial Records and Real Estate Agency Audits, Office Policy and Procedures Manual, and Property Management.

Each section is followed by a short quiz that must be passed with a score of at least 75%. After all the sections are completed, there is a 75 question final exam. The final exam must be passed with a score of at least 75% in order to obtain the course completion certificate. For individuals licensed on or after July 1, 2002 with three years of license history, this will be the only exam required to obtain a principal broker license.

 OnlineEd® Oregon School # 1038