FAQ: How do I get my Oregon real estate broker's license?
How do I get my Oregon real estate broker's license?
To apply for a real estate broker license in Oregon, you must:
1.Be at least 18 years of age
2.Have a high school diploma, GED, or international equivalent
If you meet these two qualifications, you can earn a real estate broker's license in (7) steps.
Step 1: Register for an eLicense account
You will begin the process by registering for an account in the Oregon Real Estate Agency's eLicense management system. Only register if you have never held a broker, property management, or escrow license in Oregon.
Step 2: Apply for Your License
You will apply for your broker license through the eLicense system. The nonrefundable application fee is $300. You'll receive an applicant ID number by email. Keep this number as it is necessary for completing the remaining steps.
In your application, you'll need to provide proof of:
- Your age
- Your high school diploma, GED, or international equivalent
- Any other required documents as indicated by answers to screening questions
Step 3: Complete Your Pre-license Education
Oregon requires brokers to complete 150 hours of instruction from an approved pre-license Real Estate school. The schools are either licensed private career schools or accredited community colleges, colleges, or universities. Online courses are the most convenient way to complete your 150 hours.
You'll need to provide your chosen school with your Applicant ID number and full name. Completing your education qualifies you to take the state exam. Your course provider will electronically send your examination eligibility to the exam provider, PSI.
The required hours break down into seven courses necessary for your Oregon broker license:
- Real Estate Practices
- Agency Law
- Real Estate Finance
- Real Estate Brokerage
- Property Management
- Real Estate Practice
Step 4: Applying for the State Exam
Apply to take the Oregon state license exam after completing your pre-license education. Your course provider will send your eligibility to PSI, the company that administers Oregon's Real Estate Broker Licensure Exam.
Schedule your exam directly by visiting https://www.psiexams.com or calling (833) 892-5441. Exam centers are located in Baker City, Bend, Eugene, Independence, Medford, Portland, and Wilsonville. Search the website or see the Oregon Candidate Bulletin for a list of addresses.
The exam costs $75, and you'll directly pay PSI for the exam. PSI accepts credit card, money order, company check, or cashier's check.
Step 5: Take and Pass the State Exam
The Oregon state pre-license broker exam is divided into two sections: general and state law. You must pass both sections to qualify for a broker license. The exam is made up of multiple-choice questions.
The Oregon Broker Pre-licensure Exam includes:
1.National section of 80 questions. You must score a 75% to pass. The time allowed is 150 minutes.
2.State section of 50 questions. You must score a 75% to pass. The time allowed is 90 minutes.
You will receive a score report on-screen and emailed to you immediately upon completion of the exam. If you fail, the email will include a diagnostic report.
Passing both portions is required for your license application. If you fail one section, you can retake only the failed section. A passing score is valid for 12 months; you must complete your license requirements within a year.
Step 6: Get Your Fingerprints Taken
When you pass the Oregon Broker Pre-license Exam, all new license candidates are required to be fingerprinted for a national and state criminal history search.
PSI will conduct the fingerprints at the exam center. The fee is $56.25, which includes the Oregon State Police and PSI processing fees. PSI accepts Visa, MasterCard, money orders, cashier's checks, and company checks.
The fingerprints will be electronically forwarded to the review agencies. The processing could take up to 4 weeks.
Step 7: Get Hired by a Principal Broker
You have one year after successfully passing both portions of the state license exam to be hired by an Oregon Principal Broker. Your broker must add your pending license into their registered business. The eLicense system will flag your application for final review, which usually takes 1-2 days.Once you receive final notification from the Oregon Real Estate Agency and are viewable in the public licensee search, you are an official Oregon real estate broker. Congratulations!
How do I get my Oregon real estate broker's license?
1) Apply for a broker license online.
2) Complete a 150-Hour OR Pre-license Broker Course
3) Pass the OR broker state exam
4) Submit fingerprints for a background check
5) Get hired by a Principal Broker
How much does it cost to get my OR broker's real estate license?
How long does it take to get my OR real estate license?
1)Apply for your license: 1 day
2)Complete the 150-hour pre-license course online: 4-8 weeks.
3)Schedule and pass the OR state exam: 1-3 weeks.
4)Await for background check results.
5)Get hired by a Principal Broker. License activation takes 1-2 days.
What tests do I need to take to get my OR real estate license?
Can I complete the application for an OR broker's license online?
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