I was looking for clarification on broker requirements. Do ALL states require you be a practicing real estate agent or is that something you can forfeit and simply become a broker–in Oregon for example?
Most states require anywhere from one to three years of practice as a real estate agent prior to becoming a broker. However, in Oregon, a broker is the entry-level real estate license…which is perhaps why it appears confusing. A broker in Oregon can conduct real estate business once sponsored and supervised by a principal broker – much like how real estate “agents” operate in other states. The real estate licenses available in Oregon are broker, principal broker, and property manager.
Every state has its quirks, which is why it is so important to be sure to investigate the state licensing requirements of each particular state. Here is more about Oregon if you’re interested!