Tag Archives: oregon real estate pre-license education

Real Estate Pre-License Study Video: Understanding the Escrow Process

Questions and answers about a real estate escrow

By Jeff Sorg, OnlineEd Blog

(August 27, 2019)

(PORTLAND, Ore.) OnlineEd – What is escrow? Why is escrow important for real estate transactions? Who opens the escrow? When is escrow closed? Find out the answers to these and other questions by watching this informative study video designed to be used with our Real Estate Pre-License course.

 

Video (C) Copyright; OnlineEd 2019. All Rights Reserved.

No right to reproduce in whole or in part is given.

 

 

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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.

Excerpts from articles not originating with Jeff Sorg/OnlineEd are reprinted with permission; remain the sole property of the author; no permission to reprint is given or implied.

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

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.

OnlineEd® is a registered Trademark

All About Easements: The Easement in Gross

The easement in gross gives the owner of the easement the right to use real property for a particular purpose

By Jeff Sorg, OnlineEd Blog

(April 9, 2019)

(PORTLAND, Ore.) OnlineEd – The easement in gross gives the owner of the easement the right to use real property for a particular purpose. An easement in gross does not attach to or benefit a parcel of land and is usually created for the benefit of a legal person such as a utility company or railroad. The important characteristic of an easement in gross is that it gives the limited right to use another’s land and it is not created for the benefit of any land owned by the owner of the easement.

The land over which the easement in gross crosses is burdened by the easement and is known as the servient tenement. Since the easement right is personal and does not benefit another parcel of land, there is no dominant tenement.

Most easements in gross are for commercial purposes, are not revocable, (the servient tenement landowner cannot revoke the easement), and can be assigned to another legal entity. Some common examples of easements in gross are sewer lines, gas lines, electric lines, cable lines, etc.

Commercial easements in gross provide for the right to cross a property with the physical cable, pipe, power line or the like, as well as the right to re-enter the property after the initial installation to perform maintenance, repairs, and updates.

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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.

OnlineEd® is a registered Trademark

Do You Need an Oregon Real Estate License?

canstockphoto7389305 real estate license card  (Jeff Sorg, OnlineEd) –  Anyone who conducts professional real estate activity within the State of Oregon is required to have a real estate license. Oregon defines professional real estate activity as any of the following actions, when engaged in for another and for compensation or in the expectation or upon the promise of receiving or collecting compensation, by any person who:

  • sells, exchanges, purchases, rents or leases real estate;
  • offers to sell, exchange, purchase, rent or lease real estate;
  • negotiates, offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate;
  • lists, offers, attempts or agrees to list real estate for sale;
  • offers, attempts or agrees to perform or provide a competitive market analysis or letter opinion, to represent a taxpayer under ORS 305 or 309 or to give an opinion in any administrative or judicial proceeding regarding the value of real estate for taxation, except when the activity is performed by a state certified appraiser or state licensed appraiser;
  • auctions, offers, attempts or agrees to auction real estate;
  • buys, sells, offers to buy or sell or otherwise deals in options on real estate;
  • engages in management or rental real estate;
  • purports to be engaged in the business of buying, selling, exchanging, renting or leasing real estate;
  • assists or directs in the procuring of prospects, calculated to result in the sale, exchange, leasing or rental of real estate;
  • expect as otherwise provided in ORS 696 advises, counsels, consults or analyzes in connection with real estate values, sales or dispositions, including dispositions through eminent domain procedures;
  • advises, counsels, consults or analyzes in connection with the acquisition or sale of real estate by an entity if the purpose of the entity is investment in real estate; or
  • performs real estate marketing activity ad described in ORS 696.

While exemptions to licensing can be found in ORS 696.030, the Oregon Real Estate Agency will not say if an exemption applies to a certain situation. Anyone who thinks they might qualify for such an exemption should consult their attorney.

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This article was published on September 10, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by 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.

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

Change to Oregon Real Estate Pre-License Requirements: Broker, Principal Broker, and Property Manager

attention1.jpg(Salem, OR) – After April 30, 2014, only pre-license education completed on or after January 1, 2013 will meet the education requirements for Oregon real estate licensing.  Agency-approved pre-license education completed between July 1, 2001 and December 31, 2012 will NOT count toward a license after April 30, 2014. This ruling applies to the 150-hour real estate broker pre-licensing course, the 60-hour property manager pre-licensing course, and the 40-hour Brokerage Administration and Sales Supervision (BASS) course or principal broker education.

We encourage all OnlineEd students to act quickly and become actively licensed by April 30, 2014 to use their pre-license education taken during this period.

The Oregon Real Estate Agency will be notifying anyone who completed one or more steps for the licensing process since July 1, 2011. If you have any questions about your course of study with OnlineEd, please give us a call at 503.670.9278 or send an email to mail@onlineed.com.

If you have questions about the Agency’s rules, please contact the Oregon Real Estate Agency at 503.378.4585 or by using the Contact Us link on their web site, www.rea.state.or.us.

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This article was published on March 14, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author. 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.

For more information about OnlineEd and their education for real estate brokers, visit www.OnlineEd.com. OnlineEd is Oregon Approved Education Provider No. 1038.