Oregon License Law
Oregon's OREA Real Estate License Law requires a broker to:
AJoin the Oregon Association of REALTORS
BMaintain errors and omissions (E&O) insurance
CKeep records of all real estate transactions for the required retention period✓ Correct
DReside in the same county as their principal broker
Explanation
Oregon law requires real estate brokers to maintain adequate records of all transactions, agency disclosures, and client communications for the required retention period (typically 6 years under OREA administrative rules). Failure to maintain records is a violation.
Related Oregon Oregon License Law Questions
- Under ORS Chapter 696, an Oregon real estate licensee who allows their license to expire must do what to return to active status?
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