OAR 863-025-0005
Application and Purpose

(1)

OAR 863-025-0010 (Definitions) to 863-025-0080 (Compliance Reviews) apply to the activities of a real estate property manager in the management of rental real estate.

(2)

The purposes of OAR 863-025-0010 (Definitions) to 863-025-0080 (Compliance Reviews) are:

(a)

To specify requirements for the management of rental real estate as defined in ORS 696.010 (Definitions)(9);

(b)

To protect owners and tenants of rental real estate; and

(c)

To make the real estate property manager responsible for establishing a system of recordkeeping that:

(A)

Provides the Agency with access to the records of the real estate property manager; and

(B)

Complies with OAR 863-025-0010 (Definitions) to 863-025-0080 (Compliance Reviews) and ORS Chapter 696 (Real Estate and Escrow Activities).

(3)

The goal of the Agency is to encourage real estate property managers to comply with the applicable statutes and rules through education and, if necessary, through the use of progressive discipline as defined in ORS 696.396 (Investigation of complaints and progressive discipline).

(4)

Section (3) of this rule does not limit the Agency’s authority to reprimand, suspend or revoke a real estate property manager license under ORS 696.301 (Grounds for discipline) or assess civil penalties under ORS 696.990 (Penalties).

Source: Rule 863-025-0005 — Application and Purpose, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=863-025-0005.

Last Updated

Jun. 8, 2021

Rule 863-025-0005’s source at or​.us