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What is required to get a license in Oregon?
For brokers:
- Register for an account in eLicense, the Agency’s online license management system.
- Have a high school diploma, GED, or international equivalent.
- Complete 150 hours of required broker pre-license education.
- Real estate examination successfully completed.
- Proof of age 18 and above.
- Completed fingerprint certification and background check.
- New principal broker must add your pending license into the business.
- Fees: Examination Fees (Broker: $75). License (Broker: $230).
For principal brokers:
- Submit a Principal Broker License Application with the required fee by using eLicense, the Agency’s online license management system.
- Complete the 40-hour Brokerage Administration and Sales Supervision course.
- Complete 150 hours of required broker prelicense education (if you are not licensed already as a broker in Oregon).
- Real estate examination successfully completed.
- Submit certified license history showing three years of active real estate license experience.
- Completed fingerprint certification and background check.
- Choose to work under: An existing business (Your principal broker must log into eLicense and add your license to the business), Your licensed name (apply to operate under your own license in eLicense) or a registered business name.
- Fees: Examination Fees (Principal Broker: $75). License (Principal broker: $230).
What score do I need to pass?
The broker exam consists of 80 national questions and 50 state-specific questions. To pass, you must correctly answer at least 75% of the questions.
The principal broker exam consists of 80 national questions and 50 state-specific questions. To pass, you must correctly answer at least 75% of the questions.
You will receive your score immediately after you complete your exam.
How much time do I have to complete the exam?
For the broker exam: you are allowed 120 minutes for the national portion and 75 minutes for the state portion, for a total of 195 minutes.
For the principal broker exam: you are allowed 120 minutes for the national portion and 75 minutes for the state portion, for a total of 195 minutes.
What should I bring with me for the exam?
- 1 Form of identification with matching name to your application, non-expired and containing a valid signature, must be photo bearing and government issued (Driver’s license, passport, green card, U.S. social security card, military ID).
- Basic, silent, non-scientific calculator.
What is the format of the exam?
The exam is given on a computer and is multiple choice.
What is on the exam?
The national portion consists of the following sections:
- Property Ownership
- Land Use Controls and Regulations
- Valuation and Market Analysis
- Financing
- General Principles of Agency
- Property Condition and Disclosures
- Contracts
- Transfer of Title
- Practice of Real Estate
- Real Estate Calculations
- Specialty areas
The state-specific portion consists of the following sections:
- License Law and Disciplinary Measures
- Handling of Clients’ Funds
- Agency Law and Rules
- Regulation of Broker Activities
- Document Handling and Recordkeeping
- Property Management
- Oregon Real Estate Related Statutes
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