Oregon License Law
Under OREA rules, an Oregon broker who moves to a new brokerage must update their license through which process?
AVerbal notification to the previous and new principal brokers
BThe new principal broker submits a license transfer/activation request through OREA's online system; the old principal broker must release the license✓ Correct
CAutomatic transfer occurs when the broker begins working for the new brokerage
DThe broker must reapply for a new license
Explanation
Oregon license transfers require the new principal broker to activate the licensee through OREA's online system, and the prior principal broker must release the licensee. This formal process ensures OREA's records are accurate and that the broker is properly affiliated before conducting any licensed activities with the new brokerage.
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