License required for individuals engaged in professional real estate activities
- exception
- rules
Source:
Section 696.020 — License required for individuals engaged in professional real estate activities; exception; rules, https://www.oregonlegislature.gov/bills_laws/ors/ors696.html.
Notes of Decisions
Realtor purchasing property for himself was obligated to advise seller that realtor had changed the terms of the option prepared by seller’s counsel by eliminating the 10-year provision for realtor to pay off the balance of the contract. Gergen v. Bartzat, 46 Or App 347, 611 P2d 352 (1980)
Where contract for sale of house established that parties would share losses as well as profits from venture, contract was not illegal broker’s contract. Gergen v. Bartzat, 46 Or App 347, 611 P2d 352 (1980)
Where plaintiff assisted defendant in procuring a buyer for its sawmill business, plaintiff was not required to be licensed under this section. Moody v. Hurricane Creek Lumber Co., 290 Or 729, 625 P2d 1306 (1981)
Though this section prohibits unlicensed person from receiving compensation for real estate activity, it does not prevent person from testifying as expert if properly qualified. State Dept. of Trans. v. Montgomery Ward Dev., 79 Or App 457, 719 P2d 507 (1986), Sup Ct review denied
Licensee acting on behalf of entity in which licensee had partial ownership interest was acting in “licensee’s own behalf.” Atwood v. Real Estate Commissioner, 97 Or App 138, 775 P2d 880 (1989)
Licensee’s sale of real estate on licensee’s own behalf includes performance of contract by seller, not merely formation of contract. Atwood v. Real Estate Commissioner, 97 Or App 138, 775 P2d 880 (1989)
Attorney General Opinions
Advertisements of Rental Housing Services as “holding oneself out as engaging in the business of a real estate broker,” (1973) Vol 36, p 413
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