Oregon License Law
An Oregon broker who wishes to become a principal broker must meet which additional requirement?
ASimply paying a higher license fee to OREA
BAt least 2 years of active experience as a licensed Oregon real estate broker plus additional education and exam✓ Correct
COwning their own real estate brokerage for 1 year
DCompleting 500 total real estate transactions
Explanation
To upgrade from broker to principal broker in Oregon, a licensee must have at least 2 years of active experience as a licensed Oregon real estate broker, complete additional principal broker pre-license education, and pass the principal broker license exam. This ensures principal brokers have sufficient experience to supervise affiliated licensees.
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