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To earn your real estate license in Oregon, you must apply for a state license, complete 150 hours of required education, pass the Oregon Broker licensing exam, submit to fingerprinting, and obtain a sponsoring broker. While the process to become a real estate agent is similar in most states, each state has its unique steps that must be adhered to. The five steps to becoming an Oregon real estate agent are as follows:
Step 1: Apply For Your State License
Complete and submit the Oregon Real Estate License Application and submit to the Agency with the $230 fee.
Step 2: Complete Your Required Education
Broker applicants must complete 150 hours of pre-license education. Seven required courses make up the 150 hours: 30 hours of Real Estate Law, 30 hours of Real Estate Finance, 30 hours of Oregon Real Estate Practices, 15 hours of Contracts, 15 hours of Agency, 20 hours of Real Estate Brokerage, and 10 hours of Property Management.
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Step 3: Take the Oregon Broker Licensing Exam
Register and pass the broker’s exam with the exam provider, Psychological Services, Inc. (PSI). To schedule your exam, visit the PSI website at http://candidate.psiexams.com/index.jsp
Step 4: Have Your Fingerprints Taken
Your fingerprints will be taken at a PSI testing center at the same time as your license examination. The fingerprints are processed through the Oregon State Police (OSP) and the Federal Bureau of Investigation (FBI).
Step 5: Obtain a Principal Broker Sponsor
In order to practice as a real estate broker, you must be sponsored by a licensed Oregon principal broker. You and your sponsor will both need to complete and submit the Registered Business Name Association Form. Once the form is accepted by the Real Estate Agency, your license will be issued and you may practice real estate under the sponsorship of the principal broker.