Oregon License Law
In Oregon, a real estate licensee must IMMEDIATELY notify OREA if they are:
AConvicted of a misdemeanor unrelated to real estate
BConvicted of any felony or any crime involving dishonesty or breach of trust✓ Correct
CNamed in a civil lawsuit by a former client
DChanging their mailing address
Explanation
Oregon requires licensees to notify OREA promptly if they are convicted of a felony or any crime involving dishonesty, breach of trust, or fraudulent conduct. Such convictions are grounds for license denial, suspension, or revocation.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
State-Specific Concepts
DRE Regulation
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