OAR 863-024-0045
Property Manager Licensing Requirements

(1) To be eligible for a property manager license, an individual must complete the following steps in the order listed:
(a) Submit a license application and pay the fee to the Agency required by OAR 863-024-0010 (License Application Content).
(b) Successfully complete the required courses of study for a property manager license required by OAR 863-022-0015 (Course Requirements for Property Manager License Applicants).
(c) Ensure that the school providing the required course of study certifies to the examination provider that the applicant completed the course as required by OAR 863-024-0020 (Examinations).
(d) Pass the property manager license examination and pay the fee to the examination provider as required by OAR 863-024-0020 (Examinations).
(e) Provide fingerprints for a criminal background check and pay the fee to the fingerprint services provider as required by OAR 863-024-0015 (Background Check and Fingerprint Requirements).
(2) After the applicant meets the requirements under (1) of this rule, the Agency will complete a background check on the applicant, which includes a criminal background check under OAR 863-024-0015 (Background Check and Fingerprint Requirements).
(3) After the requirements in (1) and (2) of this rule are met:
(a) Using an online application through the Agency’s website, the applicant must specify that the applicant will be registering a business name as provided in (4) of this rule; or
(b) Using an online application available through the Agency’s website, a principal broker or licensed property manager must transfer the applicant to the principal broker or licensed property manager’s active registered business name under OAR 863-024-0063 (Property Manager License Transfers, Principal Brokers’ Responsibilities, Authority to Use Registered Business Name).
(4) If an applicant wishes to conduct professional real estate activity under a registered business name registered by the applicant, the applicant must first meet all of the remaining qualifications to obtain a property manager license and then register a business name under 863-024-0095 (Business Name Registration).
(5) A licensed property manager may only engage in the management of rental real estate. The licensee may not offer to, negotiate, attempt to, or engage in the sale, purchase, lease-option, appraisal, or exchange of real estate for another individual for compensation. The licensee may not charge, pay, receive, or accept a referral fee, finder’s fee, or compensation from or share in a commission paid to a real estate broker or principal broker for any activity involving the sale, purchase, lease-option, appraisal, or exchange of real estate. However, the licensee may charge, pay, receive, or accept a referral fee or finder’s fee from or to a real estate broker, principal broker or another licensed property manager for finding or referring an owner, renter, or lessee in the management of rental real estate.
(6) A licensed property manager is responsible for all management of rental real estate conducted under the property manager’s license and for the actions of the property manager’s nonlicensed property management employees. A licensed property manager may not authorize an unlicensed individual to supervise that property manager’s licensed activity in the manager’s absence. Except as provided for in OAR 863-024-0085 (Authorization to Control Property Manager’s Business), a licensed property manager may not authorize another real estate licensee to supervise that property manager’s licensed activity in the property manager’s absence.
(7) A licensed property manager may be associated with a principal broker to engage in the management of rental real estate on behalf of the principal broker and under the supervision of that principal broker. However, a property manager may not act in the principal broker’s absence under OAR 863-024-0085 (Authorization to Control Property Manager’s Business).

Source: Rule 863-024-0045 — Property Manager Licensing Requirements, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=863-024-0045.

Last Updated

Jun. 8, 2021

Rule 863-024-0045’s source at or​.us