Or. Admin. Code § 863-017-0010

Current through Register Vol. 64, No. 1, January 1, 2025

Section 863-017-0010 - [Effective 7/1/2025] Registration Application Content

(1) Before the Agency will accept any documents or information relating to an applicant's qualifications, an applicant for a residential property wholesaler registration must apply and pay the fee required under this rule using an online application process that is available through the Agency's website.

(2) The registration application includes:

(a) The applicant's legal name as defined in OAR 863-017-0005, mailing address, email address and phone number.

(b) The applicant's date and place of birth.

(c) The applicant's Social Security Number as required by ORS 25.785 and ORS 305.385.

(d) Certification by the applicant that the applicant has a high school diploma, or a certificate for passing an approved high school equivalency test such as the General Educational Development (GED) test or the international equivalent.

(e) Certification by the applicant that the applicant is at least 18 years of age.

(f) A list of all entities, business names and assumed business names under which the applicant has conducted or will conduct residential property wholesaling activity, along with evidence that all business names and assumed business names are registered with the Secretary of State and all entities, including foreign entities, are authorized by the Secretary of State to transact business in this state.

(g) For a residential property wholesaler registration applicant who is not an active or inactive Oregon real estate licensee, whether the applicant:

(A) Has ever been convicted of or is under arrest, investigation, or indictment for a felony or misdemeanor;

(B) Has ever been refused a real estate license or any other occupational or professional license in any other state or country;

(C) Has ever had any real estate license or other occupational or professional license or registration revoked or suspended; or

(D) Has ever been fined or reprimanded as such a licensee or registrant.

(h) Any other information the Commissioner considers necessary to evaluate the applicant's trustworthiness and competency to engage in residential property wholesaling in a manner that protects the public interest.

(i) Certification by the applicant that all information provided by the applicant is true and correct.

(3) Every registration application must be accompanied by the registration fee authorized by ORS 696.270. At all periods of the year, the fee for all licenses issued is as authorized by ORS 696.270. That is, the Agency does not pro-rate license fees

Or. Admin. Code § 863-017-0010

REA 4-2024, adopt filed 12/12/2024, effective 7/1/2025

Statutory/Other Authority: Oregon Laws 2024, chapter 3, section 3

Statutes/Other Implemented: Oregon Laws 2024, chapter 3, section 2 and 3