Statutes, codes, and regulations
Oregon Revised Statutes
Title 52 - OCCUPATIONS AND PROFESSIONS OCCUPATIONS AND PROFESSIONSChapter 696 - REAL ESTATE AND ESCROW ACTIVITIESREAL ESTATE LICENSEES
MISCELLANEOUS
Section 696.320 - Effect of suspension or revocation of principal broker license on associated licensees

ORS § 696.320

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Current through 2024 Regular Session legislation effective April 17, 2024
Section 696.320 - Effect of suspension or revocation of principal broker license on associated licensees

The suspension or revocation of a principal real estate broker's license renders inactive every license of the real estate brokers engaged by the principal real estate broker pending a transfer of the license. The Real Estate Agency shall transfer a license rendered inactive under this section if the real estate licensee requests a transfer within 30 days after the effective date of the suspension or revocation of the principal real estate broker's license and pays a transfer fee.

ORS 696.320

Amended by 1969 c.674 §18; 1975 c.746 §24; 1977 c.649 §43; 1981 c.617 §15b; 1989 c.724 §10; 2001 c.300 §32; 2005 c. 116, § 9