Oregon License Law
OREA can conduct investigations and examine records of Oregon brokerages under which authority?
AOnly when a formal complaint is filed
BORS Chapter 696, which gives OREA broad investigatory authority to conduct audits and examinations without requiring a prior complaint✓ Correct
COnly with a court order
DOnly during license renewal periods
Explanation
ORS Chapter 696 grants OREA broad authority to investigate complaints, conduct audits of trust accounts and transaction records, and examine brokerage operations — with or without a prior complaint. OREA may conduct routine compliance audits to ensure licensees are following Oregon real estate law.
Related Oregon Oregon License Law Questions
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