How to Get a Broker License in Oregon

Obtaining a Oregon Real Estate Broker License is crucial if you’re looking to advance your real estate career. Despite the streamlined online application process, many aspiring real estate brokers find the requirements and procedures complex and challenging.

This How to Get a Broker License in Oregon article will guide you through each step of the process, ensuring you have a clear understanding of what it takes to achieve this license and elevate your real estate career as quickly as possible.

Oregon Real Estate Broker License

In order to get your Oregon real estate broker license and take your career to the next level, there are several key steps you’ll need to complete. These include:

1. Ensuring You Meet the Eligibility and Experience Requirements
2. Submitting a License Application
3. Completing the Mandatory Pre-Licensing Education
4. Passing the Oregon Principal Broker Licensing Exam

In the sections below, we’ve explored each of these steps in more detail.

Note: If you’re just starting out, you’ll need to check out our Oregon Real Estate License guide instead.

Step 1: Meet the Oregon Eligibility and Experience Requirements

Before proceeding with the application process for your Oregon real estate broker license, you’ll need to first make sure that you meet the general prerequisites outlined in Oregon Revised Statutes ORS 696.010:

• You must be at least 18 years of age
• You must possess a high school diploma, a General Educational Development (GED) certificate, or an equivalent international qualification
• You must have a minimum of three years of active real estate work experience

Oregon maintains reciprocal real estate licensing agreements with Alabama, Alberta, Georgia, Nebraska, and South Dakota. If you currently hold an active real estate license in any of these jurisdictions and are interested in obtaining an Oregon license, you should contact the Oregon Real Estate Agency (OREA) directly at orea.info@rea.oregon.gov.

Step 2: Submit a License Application

After ensuring that you satisfy all licensing requirements, you’ll be ready to move on to submitting your license application.You can do this online through the OREA’s eLicense portal.

You’ll need to log into your existing eLicense account using your license number as your User ID and pay a $300 nonrefundable application fee to the OREA. Once you submit your application, you can monitor its progress by logging into your eLicense account.

Step 3: Complete the Mandatory Pre-Licensing Education

Beyond the general requirements mentioned earlier, you must also fulfill specific educational prerequisites to be able to get an Oregon real estate principal broker license.

In particular, this will involve completing a 40-hour Brokerage Administration and Sales Supervision (BASS) course from an educational provider certified by the OREA.

You must submit your full name and current license number to the education provider, who’ll then process your information to confirm your eligibility for the licensing exam.

Step 4: Pass the Principal Broker Licensing Exam

In Oregon, PSI administers this four-hour exam. It includes 125 questions divided across two sections: a national portion and a state-specific portion.

In order to schedule your real estate broker exam, you’ll need to make an online reservation using the PSI website. Note that you’ll need to create an account for this service if this is your first time using it, after which you’ll be shown step-by-step instructions on how to complete your reservation.

Keep in mind that you’ll be required to pay a $75 fee at the time of reservation because you can’t pay this at the exam center. This fee remains the same regardless of if you take one or both portions of the exam.

In order to pass, you’ll need to obtain a score of 75% or better on both sections of the principal broker licensing examination. If you fail one of the sections, you’ll have to retake it and pay the $75 fee again.

You’ll find out how you performed on this exam immediately after finishing and should receive your passing exam score sheet with a full breakdown a few days afterwards.

Note: You must activate your license within one year of passing the exam or you’ll have to restart the licensing process from the beginning.

Step 5: Application Review

If you’ve managed to get this far, congratulations!

Once PSI processes your exam results and the OREA completes its review of your application, you’ll receive your licensing document within five to 10 business days.

Should any issues arise or if further clarification is needed, the OREA will contact you for additional information.

Be sure to take some time to celebrate your accomplishment. You’ve put in a lot of work and effort and deserve a celebration!

Oregon Real Estate License Renewal

In order to keep your real estate broker license valid, you’ll need to renew it every two years. In Oregon, you can do this electronically through the OREA’s eLicense portal.

To proceed, log into your account and pay the $300 renewal fee. You’ll incur a $150 late fee if you renew after the deadline, bringing the total to $450.

Keep in mind that prior to renewing your license, you must complete 30 hours of continuing education (CE). This includes a mandatory, three-hour Law and Rule required course and a 27-hour Principal Broker Advanced Practices course.

We always encourage our readers to think of the post licensing course they take as an investment in their future career — higher quality, more reliable course content is a central part of ensuring you continue to grow professionally.

Oregon Real Estate Agency

Mailing Address:
530 Center St. NE, Suite 100
Salem, OR 97301

Phone: (503) 378-4170

Email: orea.info@rea.oregon.gov

Website: https://www.oregon.gov/rea/pages/index.aspx