OAR 863-022-0010
Course Requirements for Real Estate Broker License Applicants
(1)
The real estate broker license applicant course of study required by OAR 863-014-0035 (Real Estate Broker Licensing Requirements) must include 150 clock-hours in the seven courses listed in section (2) of this rule.(a)
Courses offered by private career schools must be approved by the Agency under OAR 863-022-0030 (Agency Approval of Education Courses Provided by Private Career Schools).(b)
Courses offered by in-state community colleges, colleges, and universities must be approved by the Agency under OAR 863-022-0035 (Approval of Courses Provided by Community Colleges, Colleges, and Universities).(c)
To be eligible for credit, a course provider must:(A)
Present each course for the designated number of clock- hours stated in section (2) of this rule,(B)
Include specific course topics required by the Agency as provided in section (3) of this rule, and(C)
Give each student a final examination for each course consisting of the number of questions stated in section (2) of this rule.(2)
The courses required for real estate broker license applicants are:(a)
Real Estate Law: 30 clock-hours and 60 questions on a final examination.(b)
Oregon Real Estate Practice: 30 clock-hours and 60 questions on a final examination.(c)
Real Estate Finance: 30 clock-hours and 60 questions on a final examination.(d)
Contracts: 15 clock-hours and 30 questions on a final examination.(e)
Agency Law: 15 clock-hours and 30 questions on a final examination.(f)
Property Management: 10 clock-hours and 20 questions on a final examination.(g)
Real Estate Brokerage: 20 clock-hours and 40 questions on a final examination.(3)
An applicant must complete the required courses through Agency-approved private career schools or in-state community colleges, colleges, or universities, as those terms are defined in OAR 863-022-0005 (Definitions).(4)
To receive credit for courses provided by private career schools, license applicants must complete the course of study and receive a passing score of at least 75% on a final examination for each course.(5)
To receive credit for courses provided by in-state community colleges, colleges, and universities, license applicants must complete the course of study, including a final examination for each course and achieve a minimum grade of “C” or equivalent.(6)
The real estate broker license applicant course of study is not eligible for continuing education credit under OAR 863-020-0010 (License Renewal Continuing Education Requirements).
Source:
Rule 863-022-0010 — Course Requirements for Real Estate Broker License Applicants, https://secure.sos.state.or.us/oard/view.action?ruleNumber=863-022-0010.