OAR 863-022-0021
Advanced Practices Course Requirement for the First Active Renewal of Principal Broker License

(1)

The principal broker advanced practices course required by OAR 863-020-0010 (License Renewal Continuing Education Requirements) before the first active renewal of a principal broker license, or before the first license reactivation following an inactive first renewal, is an Agency approved 27-hour principal broker advanced practices course.

(2)

A principal broker who is required to take the advanced practices course in order to renew a license 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 principal broker advanced practices course must include 27 clock-hours allocated among topics in the number of hours as follows:

(a)

(4 hours) Brokerage Practices;

(b)

(4 hours) Supervision and Managing Real Estate Licensees;

(c)

(3 hours) Clients’ Trust Accounts;

(d)

(3 hours) Records and Maintenance;

(e)

(4 hours) Property Management;

(f)

(3 hours) Advertising;

(g)

(3 hours) Affirmative Duties of Agent & Agency Relationships;

(h)

(3 hours) Professional Real Estate Activity;

(4)

To receive credit for an advanced practices course, a principal broker must complete the course and receive a passing score of at least 75% on a final examination containing 60 questions.

(5)

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

(6)

The principal broker advanced practices 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 863-022-0021 — Advanced Practices Course Requirement for the First Active Renewal of Principal Broker License, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=863-022-0021.

Last Updated

Jun. 8, 2021

Rule 863-022-0021’s source at or​.us