Or. Admin. R. 863-022-0020

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

Section 863-022-0020 - Advanced Practices Course Requirement for the First Active Renewal of Broker License

(1) The course required by OAR 863-020-0010 before the first active renewal of a real estate broker license, or before the first license reactivation following an inactive first renewal, is an Agency-approved broker advanced practices course.

(2) In order to renew a license, a real estate broker who completes the 27-hour course described in section (3) of this rule must also complete the Law and Rule Required Course required under OAR 863-020-0010.

(3) An Agency-approved broker advanced practices course must include 27 clock-hours allocated among topics in the number of hours as follows:

(a) (9 hours) Business ethics;

(b) (3 hours) Review of recent administrative actions issued by the Agency;

(c) (4.5 hours) Property management;

(d) (3 hours) Business economics;

(e) (3 hours) Advanced agency relationships, including dual representation

(f) (4.5 hours) Misrepresentation and negligence.

(4) To receive credit for the broker advanced practices course, a real estate broker must complete the course, including a final examination, and receive a passing score of at least 75% on a final examination.

(5) The licensee must obtain a certificate of course completion and maintain it as required by OAR 863-020-0015.

(6) The broker advanced course and the Law and Rule Required Course are eligible for continuing education credit under OAR 863-020-0010.

Or. Admin. R. 863-022-0020

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 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 696.184