Or. Admin. R. 863-020-0005

Current through Register Vol. 63, No. 6, June 1, 2024

Section 863-020-0005 - Definitions

As used in this division, unless the context requires otherwise:

(1) "Agency" means the Oregon Real Estate Agency.

(2) "Applicant" means either an individual as defined in section (7) of this rule, or a person as defined in section (10) of this rule.

(3) "Board" means the Oregon Real Estate Board.

(4) "Commissioner" means the Real Estate Commissioner.

(5) "Continuing education credit hour" means one hour of instruction provided by a continuing education provider.

(6) "Continuing education provider" means a person certified by the Agency under OAR 863-020-0030 to offer real estate continuing education courses that are eligible for credit. The continuing education courses are taught by an instructor.

(7) "Course identification number" means a unique four-digit identifying course number assigned by a continuing education provider or as assigned by the Oregon Real Estate Agency.

(8) "Individual" means a human being, not a legal entity.

(9) "Instructor" means an individual who teaches, for a continuing education provider, a real estate continuing education course that is eligible for credit. An instructor must meet the qualifications in ORS 696.186 and OAR 863-020-0060. The Agency does not certify instructors.

(10) "Law and Rule Required Course" is that course described in OAR 863-022-0055.

(11) "Licensed real estate property manager" is defined in ORS 696.010.

(12) "Person" means any individual, partnership, corporation, association, governmental subdivision, or public or private organization of any character other than a government agency.

(13) "Principal real estate broker" is defined in ORS 696.010.

(14) "Provider number" means a unique identifying number assigned by the Agency to a certified continuing education provider under OAR 863-020-0030.

(15) "Real estate broker" is defined in ORS 696.010.

(16) "Real estate licensee" is defined in ORS 696.010 and includes a r.eal estate broker, principal real estate broker, and a real estate property manager.

(17) "Broker advanced practices course" means the advanced course in real estate practices provided in ORS 696.174.

(18) "Property manager advanced practices course" means the advanced course in property management practices provided in ORS.696.174.

(19) "Principal broker advanced practices course" means the advanced course in brokerage practices provided in ORS 696.174.

Or. Admin. R. 863-020-0005

REA 1-2010, f. 6-14-10, cert. ef. 7-1-10; REA 1-2012(Temp), f. 8-14-12, cert. ef. 8-15-12 thru 2-1-13; REA 1-2013, f. 1-14-13, cert. ef. 2-1-13; REA 1-2017, amend filed 11/17/2017, effective 01/01/2018; REA 34-2018, amend filed 10/09/2018, effective 10/31/2018; REA 4-2021, amend filed 11/01/2021, effective 11/1/2021; REA 1-2022, amend filed 04/27/2022, effective 5/1/2022

Statutory/Other Authority: ORS 696.385

Statutes/Other Implemented: ORS 696.174, ORS 696.182 & ORS 696.186