Educational Requirements to Obtain a Broker's License:
- Be at least 18 years old.
- The Oregon Real Estate Agency must receive your fingerprints and run a routine background check before the state grants you a license to sell real estate. Since it can take two to three months to complete this process, you should start right away. It is not unusual to begin this process before you have started your education requirement. Please see the Agency website for further information.
- Successful completion of seven Agency-approved courses that total 150 hours:
- Real Estate Law - 30 hours
- Real Estate Finance* - 30 hours
- Oregon Real Estate Practices - 30 hours
- Contracts - 15 hours
- Agency - 15 hours
- Real Estate Brokerage - 20 hours
- Property Management - 10 hours
- Have successfully passed both the Oregon and National portions of the PSI Broker Real Estate Exam.
- Have completed, signed and submitted the Broker licensing application provided by the Oregon Real Estate Agency along with the required fee.