OAR 863-022-0020
Advanced Practices Course Requirement for the First Active Renewal of Broker License

(1)

The course required by OAR 863-020-0010 (License Renewal Continuing Education Requirements) before the first active renewal of a real estate broker license, or before the first license reactivation following an inactive first renewal, is an Agency-approved broker advanced practices course.

(2)

In order to renew a license, a real estate broker who completes the 27-hour course described in section (3) of this rule must also complete the three-hour course on recent changes in law and rule required under OAR 863-020-0010 (License Renewal Continuing Education Requirements).

(3)

An Agency-approved broker advanced practices course must include 27 clock-hours allocated among topics in the number of hours as follows:

(a)

(9 hours) Business ethics;

(b)

(3 hours) Review of recent administrative actions issued by the Agency;

(c)

(4.5 hours) Property management;

(d)

(3 hours) Business economics;

(e)

(3 hours) Advanced agency relationships, including dual representation

(f)

(4.5 hours) Misrepresentation and negligence.

(4)

To receive credit for the broker advanced practices course, a real estate broker must complete the course, including a final examination, and receive a passing score of at least 75% on a final examination.

(5)

The licensee must obtain a certificate of course completion and maintain it as required by OAR 863-020-0015 (Licensee Records).

(6)

The broker advanced course and the three-hour course on recent changes in real estate law and rule are eligible for continuing education credit under OAR 863-020-0010 (License Renewal Continuing Education Requirements).

Source: Rule 863-022-0020 — Advanced Practices Course Requirement for the First Active Renewal of Broker License, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=863-022-0020.

Last Updated

Jun. 8, 2021

Rule 863-022-0020’s source at or​.us