OAR 863-022-0022
Property Manager Advanced Practices Course Requirement for the First Active Renewal of License
(1)
The property manager advanced practices course required by OAR 863-020-0010 (License Renewal Continuing Education Requirements) before the first active renewal of a property manager license, or before the first license reactivation following an inactive first renewal, is an Agency-approved 27-hour property manager advanced practices course.(3)
An Agency-approved property manager advanced practices course must include 27 clock-hours allocated among topics in the number of hours as follows:(a)
(2 hours) Agency law and affirmative duties in ORS 696.890 (Duties of real estate property managers);(b)
(2 hours) Property management agreements;(c)
(3 hours) Managing the operation of a property management company;(d)
(3 hours) Clients’ trust accounts and security deposits accounts;(e)
(6 hours) Property management accounting;(f)
(2 hours) Oregon Residential Landlord and Tenant Act under ORS Chapter 90 (Residential Landlord and Tenant);(g)
(2 hours) Fair Housing Laws;(h)
(2 hours) Property management records;(i)
(2 hours) Real Estate License Law under ORS Chapter 696 (Real Estate and Escrow Activities);(j)
(1.5 hours) Commercial property management;(k)
(1.5 hours) Emergency plans, energy management plans, maintenance and repair.(4)
To receive credit for an advanced practices course, a property manager 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 property manager 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 863-022-0022 — Property Manager Advanced Practices Course Requirement for the First Active Renewal of License, https://secure.sos.state.or.us/oard/view.action?ruleNumber=863-022-0022.