Real Estate and Escrow Activities

ORS 696.200
Main office

  • branch offices
  • change of business location


(1)

A licensed real estate property manager or principal real estate broker shall:

(a)

Establish and maintain in this state a place of business designated as the real estate licensee’s main office;

(b)

Register the main office with the Real Estate Agency under a registered business name as provided in ORS 696.026 (Registration and renewal of business names);

(c)

Designate the main office by a sign that contains the name under which the real estate licensee conducts professional real estate activity as provided in ORS 696.026 (Registration and renewal of business names); and

(d)

Before changing a main office location, notify the agency of the new location on a form approved by the agency.

(2)

The change of a business location without notification to the agency as required by subsections (1) and (5) of this section is grounds for revocation of a real estate license.

(3)

The place of business of a principal real estate broker or licensed real estate property manager must be specified in the application for a registered business name or branch office.

(4)

A principal real estate broker or licensed real estate property manager may:

(a)

Establish and maintain one or more branch offices as separate business locations under the control and supervision of a licensed real estate property manager or principal real estate broker; and

(b)

Conduct and supervise the professional real estate activity of more than one office, whether a main office or a branch office.

(5)

A licensed real estate property manager or principal real estate broker shall:

(a)

Register each branch office with the agency under a registered business name as provided in ORS 696.026 (Registration and renewal of business names);

(b)

Designate each branch office by a sign that contains the name under which the real estate licensee conducts professional real estate activity as provided in ORS 696.026 (Registration and renewal of business names); and

(c)

Before changing a branch office location, notify the agency of the new location on a form approved by the agency.

(6)

Upon vacating a main office or branch office location, the licensed real estate property manager or principal real estate broker shall ensure that the sign containing the registered business name is removed from the location.

(7)

A licensed real estate property manager or principal real estate broker may not display any name at a main office or branch office other than the registered business name under which the real estate licensee conducts professional real estate activity. [Amended by 1955 c.322 §14; 1961 c.471 §3; 1965 c.367 §1; 1973 c.416 §7; 1975 c.746 §14; 1977 c.649 §29; 1979 c.823 §1; 1981 c.617 §10; 1989 c.532 §7; 2001 c.300 §16; 2003 c.398 §9; 2005 c.116 §5; 2009 c.224 §4; 2011 c.158 §7; 2017 c.234 §12]

Atty. Gen. Opinions

Management of two or more branch offices by associate broker, (1980) Vol 41, p 35

Chapter 696

Atty. Gen. Opinions

Sales of subdivision lots by mobile home salespeople, (1975) Vol 37, p 865; sales or offers of interests in limited partnerships to invest in real estate, (1978) Vol 38, p 1971


Source

Last accessed
Jun. 26, 2021