Every state requires real estate agents and brokers to periodically renew their licenses. Oregon real estate license renewals are due every two years and require you to complete 30 hours of continuing education (CE) credit hours and submit a renewal fee. Since Oregon is a single-licensure state, all brokers have the same license renewal requirements.
These are the four steps needed for your Oregon real estate license renewal:
1. Research Oregon’s Renewal Requirements
Since Oregon is a single licensure state, you will be a real estate agent as well as a broker as soon as you receive your license for the first time. You can then decide to upgrade your license at any time to become a principal broker. When it’s time to renew either type of license, be assured that Oregon’s real estate license renewal requirements and process overall is one of the most straightforward in the whole country.
The Oregon real estate license renewal requirements are 30 hours for all brokers. While there is some flexibility in what courses you take in follow-up renewals, if it is your first time renewing your Oregon real estate license, you will also be required to complete a list of mandatory topics. For example, you must take the Oregon Law and Rule Required Course (LARRC), and 27 hours of Advanced Practices Courses, which are divided into six regulation-required topics.
These are the six required topics for your first time Oregon real estate license renewal:
- Business Ethics: This is different from the NAR-approved course, but discusses important parts of running an ethical real estate business.
- The Duty to Disclose: You must be familiar with Oregon’s disclosure laws in order to assist your sellers.
- Agency Law: This topic covers how to have an appropriate relationship with your clients and the laws relating to your contract.
- Real Estate Disciplinary Actions: This discusses in detail what happens when real estate transactions or professionals break laws.
- Economics and the Real Estate Brokerage Business: In order to understand the financial components of your brokerage, you need to know the economics.
- Property Management: Even if you do not participate in managing properties, it’s important to understand property management in order to assist clients.
Pro Tip: If you purchase a CE package, make sure it is specifically for first-time renewals or includes “Broker Advanced Practices.” The specific courses in this package are required. For your subsequent renewals, you can purchase CE credits individually or as a package with a larger variety of course topics.
2. Choose a Real Estate School
You can complete your Oregon real estate license renewal requirements online or in a classroom setting. There are plenty of brick and mortar schools in Oregon and even more online schools that offer Oregon CE classes.
Many Oregon real estate brokers choose to complete their CE requirements online because of the convenience and affordability. Depending on the real estate school you choose, you can also find types of online learning.
Here are the top three online schools for Oregon real estate license renewals:
- Kaplan Real Estate Education: Kaplan offers online CE classes for your Oregon license renewal in two different formats; online and on-demand. It also offers a full package as well as a variety of elective courses to choose from.
- Mbition – Learn Real Estate: Mbition offers a full package of the Oregon real estate license renewal requirements for both first-time and subsequent renewals. The packages are only $104 each, which makes it the most affordable choice.
- McKissock Learning: All of McKissock’s courses are offered through its online platform. It offers a 30-hour CE package, many individual elective courses, and a monthly CE membership. If you want constant access to all of McKissock’s CE courses and its many additional resources, this would be your best choice.
When you are choosing your online real estate school, make sure to consider the course topics, cost, course formats, and student reviews. The Oregon continuing education requirements can be an opportunity to grow your skills and make your business more profitable.
3. Complete Continuing Education Coursework
Once you choose your real estate school, you must complete all of your continuing education requirements before your renewal deadline. All Oregon real estate license renewal requirements will take around 30 hours to complete, then you will have to wait for your completion certificate. Depending on which real estate school you attend, this can take anywhere between a few days to a month to receive.
If you have a real estate license in another state, you may be eligible for reciprocity agreements. Oregon currently has reciprocity agreements with Alabama, Georgia, Nebraska, South Dakota, and the Canadian province of Alberta. However, Oregon does require all real estate agents and brokers from other states wishing to operate in their state to complete Oregon’s licensing steps.
4. Submit Documents & Complete Renewal
You can apply for your Oregon real estate license renewal up to 30 days before your renewal deadline. After your 30 hours of CE is completed and you have your completion certificate, you can enter your course information into eLicense at any time.
In order to renew your license, you simply have to fill out the renewal application through online services and pay the $300 renewal fee online. Once you submit the application and payment, you will receive an email confirmation of your payment. When your renewal is approved, you will also receive an email notification.
5. Make the Most of Your License Renewal
Once you renew your Oregon real estate license, you may want to ensure that your career is set up for success. The best way to do this is to implement a marketing plan that works to bring you new business, even when you aren’t.
Here are six important factors in successful real estate marketing plans:
- Website: This is the perfect way to make yourself easily accessible to new and existing clients. Make it easy to get new leads, new clients, and new business 24/7.
- Lead Generation: Lead generation is a way to attract potential clients and begin building a relationship with them. Using automated lead generation strategies means that you can be gathering new leads while you sleep.
- Email Marketing: Creating automated email sequences is the perfect way to nurture your new leads and stay in contact with previous clients.
- Social Media: Using social media platforms can help you network, show properties, and even showcase good reviews.
- SEO: Search engine optimization means that when clients search, Google leads them to you. You can’t get consistent business if no one knows about you.
- Ads: Many real estate agents and brokers utilize Facebook and Google ads to get more eyes on their website and to bring in more leads.
Pro Tip: Real estate agents who’d rather spend more time closing deals than managing a suite of software should consider an all-in-one tool like InCom. InCom combines the lead management power of a CRM with online marketing, letting you grow your business with a custom-designed real estate website. It also includes social media integration and bulk email messaging. If you’re ready to double your success over the next renewal period, InCom is the perfect way to start.
Frequently Asked Questions (FAQs)
How do I renew an inactive Oregon real estate license?
Before you can reactivate your license, you will need to complete your continuing education hours. If those are already completed, you have to pay a $150 activation fee through online services for your license to be activated. If your license has been inactive for more than two years, you will have to take and pass the reactivation exam. You will also have a $150 activation fee.
How much does it cost to renew my Oregon real estate license?
The Oregon real estate license renewal fee is $300. If your license is inactive or if you submit your renewal application late, you will pay additional fees.
What if I miss my Oregon real estate renewal deadline?
If you miss the Oregon real estate license renewal deadline, you can still submit your completed CE credits and the renewal documents within one year. You will have to pay the $300 renewal fee and a $150 late fee. After one year passes, your license is considered lapsed. To receive a real estate license with a lapsed license, you have to then complete the same requirements as a new applicant.
Bottom Line – Oregon Real Estate License Renewal Requirements
Renewing your real estate license in Oregon is a simple process that can be completed online. By choosing the right real estate school, you can complete all Oregon real estate license renewal requirements and learn new skills to grow your business.
If you’re looking for an online real estate school that offers a variety of elective course topics, check out Kaplan Real Estate Education. Kaplan’s instructor lead courses were written by agents for agents and, because they are offered online as well as face to face, they can be completed at a schedule that fits your schedule. Find out more about its Oregon real estate continuing education options here.