Oregon License Law
Under Oregon law, a real estate licensee who is convicted of a crime involving fraud or dishonesty must:
AWait until renewal to report the conviction
BReport the conviction to OREA within 10 days✓ Correct
CVoluntarily surrender their license immediately
DOnly report if OREA specifically requests the information
Explanation
Oregon licensees are required to report criminal convictions (particularly those involving fraud, dishonesty, or other crimes of moral turpitude) to OREA promptly — typically within 10 days. OREA evaluates whether the conviction affects the licensee's fitness to hold a license. Failure to report is itself a violation subject to disciplinary action.
Related Oregon Oregon License Law Questions
- The Oregon Real Estate Agency (OREA) Real Estate Account provides compensation to consumers who have been damaged by the fraudulent conduct of a licensed Oregon real estate agent. The maximum recovery per transaction is:
- Oregon's 'Material Facts' disclosure obligation means a licensee must disclose:
- Which of the following is NOT a reason OREA may suspend or revoke a real estate license?
- The Oregon Real Estate Agency (OREA) is authorized to do which of the following?
- Under Oregon law, which of the following persons is exempt from the requirement to hold a real estate license?
- Oregon requires all real estate transactions involving compensation to be documented by written agreements. This requirement protects all parties by:
- The Oregon real estate broker licensing exam contains how many questions, and what is the minimum passing score?
- Under ORS Chapter 696, which of the following persons is EXEMPT from requiring a real estate license in Oregon?
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