Oregon License Law
In Oregon, which of the following relationships does NOT require a real estate license for property management activities?
AA person managing 10 rental units owned by various clients
BAn employee of a single owner managing only that owner's properties✓ Correct
CA company managing residential and commercial properties for a fee
DA broker who manages rental properties as a service for clients
Explanation
An employee managing properties owned solely by their employer (a single owner) is exempt from the Oregon real estate licensing requirement for property management. This is because they are not managing properties on behalf of multiple owners.
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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.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
State-Specific Concepts
License Law
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