Oregon License Law
An Oregon broker who has received their license within the past year wants to become a principal broker. What additional requirement applies to them?
AThey can immediately apply for a principal broker upgrade
BThey must wait until they have at least 2 years of active licensed experience as a broker in Oregon✓ Correct
CThey must complete 200 more hours of real estate education
DThey must sell at least 25 properties first
Explanation
Oregon requires a minimum of 2 years of active experience as a licensed real estate broker in Oregon before being eligible to apply for a principal broker license. This experience requirement ensures that principal brokers have sufficient practical knowledge to supervise affiliated licensees effectively.
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Key Terms to Know
State-Specific Concepts
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