In this guide you’ll learn all the details you need to know to get your license and become a real estate agent in Oregon.
You’ll learn the basic real estate licensing requirements in Oregon, information about the exam including pass rates and test prep, reciprocity rules, county by county breakdowns of the most expensive real estate in Oregon, and more.
Okay, grab a cup of coffee, and let’s start at the beginning.
Basic Oregon Real Estate Licensing Requirements
Getting a real estate license in Oregon is a little tougher compared to other states. You need a total of 150 classroom hours of commission-approved pre-licensing courses. In comparison, to get a license in Florida, real estate licenses require applicants to complete only 63 hours of courses. Here’s a quick breakdown of the real estate licensing requirements in Oregon.
Pre-licensing Courses Required in Oregon
In order to get a real estate license in Oregon, you will need to complete 150 hours of real estate pre-licensing courses that will cover:
- The Real Estate Business
- License Law and Qualifications for Licensure
- License Law and Commission Rules
- Authorized Relationships, Duties, and Disclosure
- Real Estate Brokerage Activities and Procedures
- Violations of License Law, Penalties, and Procedures
- Federal and State Laws Pertaining to Real Estate
- Property Rights: Estates and Tenancies, Condominiums, Cooperatives, and Time Sharing
- Title, Deeds, and Ownership Restrictions
- Legal Descriptions
- Real Estate Contracts
- Residential Mortgages
- Types of Mortgages and Sources of Financing
- Computations and Closing of Transactions
- The Real Estate Market and Analysis
- Real Estate Appraisal
- Real Estate Investments and Business Opportunity Brokerage
- Taxes Affecting Real Estate
- Planning, Zoning, and Environmental Hazard
Oregon Real Estate Exam Information
If you work hard and take the courses seriously you should have no problem passing the exam. If you’re looking for help studying for the test, we recommend Real Estate Exam Scholar’s Exam prep course. They offer top-notch exam prep for an affordable price. Even better, they also offer a money back guarantee if you don’t pass on the first try.
Visit Real Estate Exam Scholar
Oregon Pre-Licensing Exam Questions
- Total of 200 multiple-choice questions (to be completed within 5 hours)
- 150 questions on the national portion (113 correct needed to pass)
- 50 questions for state portion (38 correct needed to pass)
What to Bring to the Exam
- 2 valid forms of identification with signatures. One ID must be a government-issued Photo ID; calculator
- Confirmation number when the test reservation was made.
Passing Score
You must earn a score of 75 to pass the Oregon Real Estate Broker Exam (no salesperson)
Pass Rate
N/A
Oregon Real Estate License Fee
$230
Exam Fee in Oregon
$75
Education Requirements
You need to have at least a high school diploma or GED in order to apply for a license in Oregon.
Age
Applicants must be at least 18 of age or older
Residency
Any U.S. citizen or a lawfully admitted alien can apply.
Exemptions
Any active member of the Oregon Bar who is in good standing and qualified under the real estate license law is exempt from taking the real estate broker prerequisite course.
Criminal Background
Applicants who have an existing criminal record may still apply for a real estate license. It would be best if applicants were to include their criminal history along with the necessary documents related to the conviction, if any, on their application. After submitting your fingerprints, your application will be forwarded to the Division of Criminal Justice Information Systems and to the Federal Bureau of Investigation. Upon investigation, each applicant will be considered on their own merits.
Processing Time
On average, it will take 3-4 weeks for your application to be processed and approved.
Online Real Estate Schools in Oregon
While taking your real estate pre-licensing course in person can be helpful, online courses are much cheaper and offer the exact same courses. Career WebSchool is a solid choice.
Oregon Real Estate License Reciprocity and Portability
If you plan on working in states besides Oregon, then you need to know the real estate license reciprocity and portability laws for Oregon.
- Reciprocity: Oregon has mutual recognition agreements with 5 states or jurisdictions:
- Alabama, Alberta (Canada), Georgia, Nebraska, and South Dakota.
- Portability: Cooperative
To learn more about real estate license portability in Oregon, check out our guide on real estate license reciprocity and portability here.
How to Choose the Right Real Estate Company to Work For in Oregon
Let’s face it. Choosing the right brokerage to work for in any state isn’t easy. In order to make your choice a little bit easier, check out our in-depth guide on choosing the right real estate company to work for.
Once you’ve finished reading the guide, check out our buyer’s guide comparing Keller Williams, RE/MAX, and Century 21 here.
If you’re curious about which Oregon brokerages are the most successful, check out Real Trends list of the top real estate brokerages in Oregon for 2017 below.
Portland
| Real Estate Brokerage | |
|---|---|
| RE/MAX Alliance/Equity Group | |
| The Hasson Company | |
| John L. Scott Real Estate | |
| Keller Williams Realty Professionals | |
| Coldwell Banker Bain/Seal |
Eugene
| Real Estate Brokerage | |
|---|---|
| RE/MAX Integrity | |
| Keller Williams Realty Sunset Corridor/Eugene |
*Data from Real Trends Market Leaders 2017
Oregon Counties with Highest Average Listing Price and Highest Median Sales Price 2017
Let’s face it, higher listing prices mean higher commission checks! To get a sense of which counties offer the best opportunities for big bucks in Oregon check out this sales data from Trulia’s Oregon home price page below.
| County | ||
|---|---|---|
| Wheeler | ||
| Hood River | ||
| Clackamas | ||
| Multnomah | ||
| Yamhill | ||
| Washington | ||
| Deschutes | ||
| Clatsop | ||
| Jackson | ||
| Curry |
Submit Your Comment
Disclaimer: Reviews on FitSmallBusiness.com are the product of independent research by our writers, researchers, and editorial team. User reviews and comments are contributions from independent users not affiliated with FitSmallBusiness.com's editorial team. Banks, issuers, credit card companies, and other product & service providers are not responsible for any content posted on FitSmallBusiness.com. As such, they do not endorse or guarantee any posted comments or reviews.