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Oregon Real Estate License Course is a requirement for anyone who wants to become an Oregon real estate professional. The course covers topics such as finance, contracts, and legal requirements.
You must register online, complete 150 hours of prelicensing study, pass the state real estate test, and submit fingerprints to get an Oregon real estate license. This step-by-step guide will walk you through the whole process of becoming a real estate broker in Oregon.
1. Comply with Oregon’s Legal Requirements for a Real Estate License
Obtaining a real estate license in Oregon is an easy procedure, albeit additional hours of real estate education are necessary. You must be 18 years old or older, have a high school certificate or GED, and be a citizen or legally admitted immigrant in the United States.
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Alabama, Alberta (Canada), Georgia, Nebraska, and South Dakota are among the five states or jurisdictions with which Oregon has reciprocity agreements. The Oregon Real Estate Agency (OREA) does not specify requirements for reciprocal licensing applicants; nonetheless, you should contact the agency to determine whether you qualify.
It’s also a cooperative state, which means out-of-state real estate agents and brokers are allowed to do business in the state. To work on a real estate transaction, however, you must have a co-brokerage agreement with a state licensee.
2. Complete all pre-licensing courses that are required.
You may begin your road to becoming a real estate broker by enrolling for an account in eLicense if you fulfill the Oregon real estate licensing criteria. After that, you must submit a $300 nonrefundable application fee and wait for your application to be processed. You’ll be sent an Applicant ID number after your application has been accepted.
You may complete the mandatory Oregon real estate prelicensing courses after you get your Applicant ID number. These may be performed in-person or online at any approved real estate school, with rates ranging from $329 to $679. The following subjects are covered by all certified providers:
- Controls and limitations on land use
- Market research and valuation
- Financing
- Agency principles in general
- Disclosures about the property
- Contracts
- Property management and leasing
- Transfer of ownership
- Real estate practice
- Calculations for real estate
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The real estate broker prerequisite course is not required for any current member of the Oregon Bar who is in good standing and qualifies under the real estate licensing legislation.
To become a real estate agent in Oregon, taking your real estate prelicensing classes online is a convenient method to fulfill the requirements on your own time. Look for an Oregon-approved online real estate school that provides interesting, high-quality instruction and is mobile-friendly. Try OnlineEd, an online real estate education company that provides low-cost online courses as well as test preparation resources and tools.
3. Take the Real Estate Exam in Oregon.
You’ll need a 75 percent score on both the national and state components of the Oregon real estate licensing test now that it’s time to take it. If you fail, you simply have to retake the portion that you failed. You have 12 months to retake and pass the remaining component of your test, despite the fact that you must wait one day to reschedule your next try. You may repeat the test as many times as you need, but each time you will have to pay the exam price.
Details about the Oregon Real Estate Exam
Make Your Exam Appointment
Like many other states, the Oregon real estate exam is administered by PSI, a national provider for state licensing exams. You can Make Your Exam Appointment on the PSI website or by phone, and you will pay the $75 exam fee during registration.
PSI will capture your fingerprints at the test facility once you pass the Oregon real estate licensing exam. For additional information on the procedure and locations, read the fingerprinting guidelines, and be prepared to pay a $56.25 cost at the time. Your printouts will then be electronically transmitted to the appropriate authorities. It may take three to four weeks for this to be completed.
Consider buying a full test study product like Real Estate Exam Scholar if you want to be the most prepared for your exam. They provide excellent test preparation at a cheap price, with a money-back guarantee if you don’t pass the first time.
4. Decide the company you want to work for.
You must locate a sponsoring brokerage to affiliate your Oregon real estate license in order to keep it valid.
5. Obtain an Oregon real estate license.
Your license is already in the works after you pass the test and have your fingerprints done. The information you provided in your original application, as well as your fingerprints, will be utilized to perform your background check. The only thing left to do is make sure your sponsored broker uses eLicense to add your pending license to their firm. Your background check will take three to four weeks to complete, and you will get an email after your license has been granted.
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Even if you have a criminal past, you may still apply for a real estate license. It is preferable if candidates mention their criminal background on their application, along with any essential documentation linked to the conviction if any. Your application will be sent to the Division of Criminal Justice Information Systems and the Federal Bureau of Investigation when you submit your fingerprints. Each application will be evaluated on its own merits after an inquiry.
6. Get Your Real Estate Career Started
You’re ready to begin your real estate career now that you’ve learned how to become a real estate agent in Oregon.
Frequently Asked Questions
How hard is Oregon real estate exam?
The Oregon Real Estate exam is a difficult exam, but if you put in the time and effort to prepare for it.
How do I get my real estate license in Oregon?
To get your real estate license in Oregon, you must first have a degree from an accredited college or university. From there, you will need to take the state exam and pass it with 100% of its content before being allowed to become licensed by the state.
