Property Management requirements in Oregon
Must Oregon property management companies have a real estate broker's license?
NO. Oregon is one of the few states that provides for a separate property management license option for property managers. Real estate brokers and salespeople (working under a broker) may also engage in property management. If a property manager is going to (for compensation) lease, rent, list, solicit for prospective tenants, solicit listings of places for rent or lease, or negotiate or attempt to negotiate to perform any of those acts, he or she will need a real estate license or a property managers license.
Are there any exceptions to the requirement that a property manager have a real estate broker's license or a property manager's license?
YES. For example, non-licensed individuals who are full time employees of a single owner of real estate, are exempt as to the property owned if the activity is incidental to the employee's normal, non real estate activities.
Before hiring a property manager to manage your Oregon rental property, you should always check that he or she is licensed appropriately. You can check the license status of Oregon property managers using the state's Licensee Search webpage.
Must Oregon community association managers have a real estate broker's license?
NO. A broker's license is not required to manage community associations or condo associations in Oregon.
Oregon Property Manager Licensing Requirements
Oregon property manager licensing requirements include:
Oregon Principal Broker Licensing Requirements
Oregon principal broker licensing requirements include:
Oregon Real Estate Broker Licensing Requirements
Oregon real estate broker licensing requirements include:
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.