OAR 863-014-0050
License Renewal
(1)
A licensee may only submit a license renewal application and pay the fee using an online application process, which is available through the Agency’s website.(2)
For purposes of this rule, “received by the Agency” means the date a licensee completed the online renewal process and paid the fee required under ORS 696.270 (Fees).(3)
A real estate broker or principal broker license expires if a licensee fails to renew the license on or before the license expiration date. A real estate licensee may not engage in any professional real estate activity after a license expires. A real estate licensee may renew an expired license as provided in this rule.(4)
The Agency may renew an active real estate license to active status for the term prescribed in OAR 863-014-0030 (License Issue, Term and Form) when the Agency has received the following:(a)
The renewal fee authorized by ORS 696.270 (Fees); and(b)
An online active renewal application that includes course information entered by the licensee demonstrating that the licensee has met the license renewal continuing education requirements under section OAR 863-020-0010 (License Renewal Continuing Education Requirements).(5)
The Agency may renew an active real estate license to inactive status for the term prescribed in OAR 863-014-0030 (License Issue, Term and Form), when the Agency has received the following:(a)
The renewal fee authorized by ORS 696.270 (Fees); and(b)
An online inactive renewal application.(6)
The Agency may renew an inactive real estate license to inactive status for the term prescribed in OAR 863-014-0030 (License Issue, Term and Form), when the Agency has received the following:(a)
The renewal fee authorized by ORS 696.270 (Fees); and(b)
An online inactive renewal application.(7)
The Agency may renew an inactive real estate license to active status for the term prescribed in OAR 863-014-0030 (License Issue, Term and Form), when the Agency has received the following:(a)
The renewal fee authorized by ORS 696.270 (Fees);(c)
The online license transfer application, available through the Agency’s website, completed by the receiving principal broker per OAR 863-014-0063 (Real Estate License Transfers, Principal Brokers’ Responsibilities, Authority to Use Registered Business Name). If the renewing licensee is a principal broker who wishes to conduct professional real estate activity under a new registered business name, the principal broker must first complete the online renal and pay the fee authorized by ORS 696.270 (Fees) and then register a business name under OAR 863-014-0095 (Business Name Registration).(8)
The Agency may renew an expired real estate license to active status when the Agency receives, within one year of the date the license expired, the following:(a)
The renewal fee and a late fee authorized by ORS 696.270 (Fees);(b)
An online active renewal application that includes course information entered by the licensee that the licensee met the license renewal continuing education requirements under OAR 863-020-0010 (License Renewal Continuing Education Requirements); and(9)
The Agency may renew an expired real estate license to inactive license status when the Agency receives, within one year of the date the license expired, the following:(a)
The renewal fee and a late fee authorized by ORS 696.270 (Fees); and(b)
An online inactive renewal application.(10)
When the Agency renews an expired license, the renewed license is effective the date the renewal requirements are met. The renewal is not retroactive to the date the license expired and an expired license retains the status of expired during the expiration period.(11)
A license renewed under this rule expires two years from the date of the original expiration date.(12)
A real estate license that has expired for more than one year is lapsed, as defined in ORS 696.010 (Definitions).(13)
A license may not be renewed if it is lapsed, surrendered, suspended, or revoked. Except as provided in OAR 863-014-0075 (Reissuing Suspended License), the former licensee must reapply and meet all the licensing qualifications required of new license applicants.
Source:
Rule 863-014-0050 — License Renewal, https://secure.sos.state.or.us/oard/view.action?ruleNumber=863-014-0050.