OAR 863-014-0040
Principal Real Estate Broker Licensing Requirements

(1) To be eligible for a principal real estate broker license, an individual must complete the following steps in the order listed:
(a) Submit an online license application and pay the fee to the Agency required by OAR 863-014-0010 (License Application Content). The license application must include proof satisfactory to the Agency that the applicant has three years of active licensed real estate experience.
(b) If the applicant is not an active, inactive, or expired Oregon real estate broker licensee and has not completed the current required courses of study for a real estate broker license, the applicant must complete such required courses under OAR 863-022-0010 (Course Requirements for Real Estate Broker License Applicants).
(c) Ensure that the school providing the courses of study for a real estate broker license under (b) of this section certifies to the examination provider that the applicant completed the course as required by OAR 863-014-0020 (Examinations).
(d) Successfully complete the brokerage administration and sales supervision course required by OAR 863-022-0025 (Education Course Requirements for Principal Broker License Applicants).
(e) Ensure that the school providing the brokerage administration and sales supervision course certifies to the examination provider that the applicant completed the course as required by OAR 863-014-0020 (Examinations).
(f) Pay the fee to the examination provider and take and pass the principal broker examination required by OAR 863-014-0020 (Examinations).
(g) If the applicant is not an active, inactive, or expired Oregon real estate licensee, provide fingerprints for a criminal background check and pay the fee to the fingerprint services provider as required by OAR 863-014-0015 (Background Check Application and Fingerprint).
(2) If the applicant is required to submit fingerprints under (1) of this rule, the Agency will complete a background check on the applicant, which includes a criminal background check, as required by OAR 863-014-0015 (Background Check Application and Fingerprint).
(3) After the requirements in (1) and (2) of this rule are met:
(a) Using an online application through the Agency’s website, the applicant must specify that the applicant will be registering a business name as provided in (4) of this rule; or
(b) Using an online application available through the Agency’s website, an active principal broker must transfer the applicant to the principal broker’s active registered business name under OAR 863-014-0063 (Real Estate License Transfers, Principal Brokers’ Responsibilities, Authority to Use Registered Business Name).
(4) If an applicant wishes to conduct professional real estate activity under a registered business name registered by the applicant, the applicant must first meet all of the remaining qualifications to obtain the principal broker license and then register a business name under OAR 863-014-0095 (Business Name Registration).
(5) If the applicant’s qualifications for three years of active experience are based wholly or partially upon an active real estate license held in another state, the applicant must furnish certification of active license history issued by the state(s) where acquired.
(6) A currently licensed real estate broker who has held a principal broker license and who wishes to be licensed as a principal broker must apply for a principal broker license, pay the required fee and meet all the current qualifications for a principal broker license under this rule.

Source: Rule 863-014-0040 — Principal Real Estate Broker Licensing Requirements, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=863-014-0040.

863‑014‑0000
Applicability and Purpose 863‑014‑0003
Definitions 863‑014‑0010
License Application Content 863‑014‑0015
Background Check Application and Fingerprint 863‑014‑0020
Examinations 863‑014‑0030
License Issue, Term and Form 863‑014‑0035
Real Estate Broker Licensing Requirements 863‑014‑0040
Principal Real Estate Broker Licensing Requirements 863‑014‑0042
Waiver of Experience Requirements 863‑014‑0050
License Renewal 863‑014‑0054
Temporary Authorization for Armed Forces Spouses or Domestic Partners 863‑014‑0060
Limited Licenses and Renewal 863‑014‑0061
Affiliated and Subsidiary Organizations 863‑014‑0062
Mailing Address, Email Address, Address Change, Service of Notice 863‑014‑0063
Real Estate License Transfers, Principal Brokers’ Responsibilities, Authority to Use Registered Business Name 863‑014‑0065
Inactive License, Change License Status to Active, License Reactivation 863‑014‑0066
Licensee Name Change 863‑014‑0067
Alternative Name Registration 863‑014‑0070
License Surrender 863‑014‑0075
Reissuing Suspended License 863‑014‑0076
Signature Requirements 863‑014‑0080
Nonresident License Recognition 863‑014‑0085
Authorization to Control Principal Broker’s Business 863‑014‑0090
Authorization to Temporarily Supervise 863‑014‑0095
Business Name Registration 863‑014‑0097
Registered Business Name Renewal 863‑014‑0100
Branch Office Registration 863‑014‑0160
Deceased or Incapacitated Principal Broker
Last Updated

Jun. 8, 2021

Rule 863-014-0040’s source at or​.us