Oregon License Law
Oregon's principal broker supervision requirements mean that the principal broker must:
APersonally approve every transaction before a broker may submit an offer
BMaintain overall supervision of the brokerage and its licensees, review transactions, and ensure compliance with law and brokerage policies✓ Correct
CBe physically present in the office during all business hours
DCo-sign every listing agreement and purchase agreement
Explanation
Oregon's principal broker supervision requirements (ORS 696.370) require the principal broker to maintain overall supervisory responsibility for the brokerage's activities, transactions, and trust accounts. This includes: maintaining office policies and procedures, reviewing transactions for compliance, supervising trust account management, and ensuring affiliated licensees follow the law. The principal broker need not personally review every individual offer but must maintain a system of adequate supervision.
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