BROKER LICENSE REQUIREMENTS

The broker license is the entry-level license in Oregon. A licensed real estate broker can conduct professional real estate activity as defined in ORS 696.010 while supervised by a principal broker.

To qualify for a real estate broker license, you must:

  • Be 18 years old.
  • Have a high school diploma, GED or international equivalent.

If you qualify, you must complete these steps in this order:

  • Complete a Real Estate License Application in eLicense, the Agency's online license management system. When the application is processed, you will receive an applicant ID number.
  • Pay the $230 license application fee in eLicense.
  • Select an Agency-approved real estate school.
  • Provide your applicant ID number and your full name to your real estate school.
  • Complete the 150 hours of required broker pre-license education. The real estate school will then make you eligible to take the license exam.
  • Register and pay to take the broker license exam with PSI.
  • Pass both sections of the broker license exam.*
  • Pay for and submit fingerprints for the required background check while at a PSI testing center.*

Once you have completed the requirements and your background check has cleared, your new principal broker can then log in to eLicense and associate you with the business. At that time the Agency will issue you a license.

*Please note: License exam scores and background check clearances are each good for one year. The Agency can only issue a license while the relevant scores and background check clearance are valid.

PRINCIPAL BROKER LICENSE REQUIREMENTS

If you are currently a licensed real estate broker in Oregon and wish to become a principal broker:

To qualify for a principal real estate broker license, you must:

  • Be 18 years old.
  • Have a high school diploma, GED or international equivalent.
  • Have three years of active real estate license experience.

If you qualify, you must complete these steps in this order:

  • Complete a Real Estate License Application in eLicense, the Agency's online license management system. When the application is processed, you will receive an applicant ID number.
  • Pay the $230 license application fee in eLicense.
  • Select a certified continuing education provider that offers the Brokerage Administration and Sales Supervision (BASS) course.
  • Provide your applicant ID number and your full name to your BASS course provider.
  • Complete the 40-hour BASS course. The course provider will then make you eligible to take the license exam. Please note: License exam scores are each good for one year. The Agency can only issue a license while the relevant scores are valid.
  • Register and pay to take the principal broker license exam with PSI.
  • Pass the principal broker license exam.*

If you work for another principal broker:

  • Your new principal broker must log in to eLicense and associate you with the business.

If you work on your own:

  • You may work under your licensed name or under a registered business name (a name that is not your licensed name).
  • To work under your licensed name, log in to eLicense and select "Operate Under my Own License" and complete the process online.
  • To work under a registered business name, log in to eLicense and select "Registered Business Name Application," complete the online application, and pay the application fee.

*Please note: License exam scores and background check clearances are each good for one year. The Agency can only issue a license while the relevant scores and background check clearance are valid.

If you are not currently licensed in Oregon:

To qualify for a principal real estate broker license, you must:

  • Be 18 years old.
  • Have a high school diploma, GED or international equivalent.
  • Have three years of active real estate license experience.

If you qualify, you must complete these steps in this order:

  • Complete a Real Estate License Application in eLicense, the Agency's online license management system. When the application is processed, you will receive an applicant ID number.
  • Pay the $230 license application fee in eLicense.
  • Submit to the Agency a certified license history from the state where you obtained your active real estate license experience.
  • Select an Agency-approved real estate school.
  • Complete the 150-hour broker pre-license course of study.
  • Select a certified continuing education provider that offers the Brokerage Administration and Sales Supervision (BASS) course. (Many real estate schools offer both the broker pre-license course of study and the BASS course.)
  • Provide your applicant ID number and your full name to the BASS course provider.
  • Complete the 40-hour BASS course. The course provider will then make you eligible to take the license exam.
  • Register and pay for principal broker license exam through PSI.
  • Pass the principal broker license exam.*
  • Pay for and submit fingerprints for background check while at PSI testing center.*
  • Once your background check has cleared, choose to work for another principal broker or on your own.

If you work for another principal broker:

  • Your new principal broker must log in to eLicense and associate you with the business.

If you work on your own:

  • You may work under your licensed name or under a registered business name (a name that is not your licensed name).
  • To work under your licensed name, log in to eLicense and select "Operate Under my Own License" and complete the process online.
  • To work under a registered business name, log in to eLicense and select "Registered Business Name Application," complete the online application, and pay the application fee.

*Please note: License exam scores and background check clearances are each good for one year. The Agency can only issue a license while the relevant scores and background check clearance are valid.

PROPERTY MANAGEMENT LICENSE REQUIREMENTS

To qualify for a property manager license, you must:

  • Be 18 years old.
  • Have a high school diploma, GED or international equivalent.

If you qualify, you must complete these steps in this order:

  1. Complete a Real Estate License Application in eLicense, the Agency's online license management system. When the application is processed, you will receive an applicant ID number.
  2. Pay the $230 license application fee in eLicense.
  3. Select an Agency-approved real estate school.
  4. Provide your applicant ID number and your full name to your real estate school.
  5. Complete the required 60-hour pre-license education.
  6. Register and pay for property manager license exam through PSI.
  7. Pass the property manager license exam.*
  8. Submit fingerprints for background check while at PSI testing center.*
  9. Once your background check has cleared, choose to work for a principal broker, another property manager or on your own.

If you work for a principal broker:

  • Your new principal broker or property manager must log in to eLicense and associate you with the business.

If you work on your own:

  • You may work under your licensed name or under a registered business name (a name that is not your licensed name).
  • To work under your licensed name, log in to eLicense and select "Operate Under my Own License" and complete the process online.
  • To work under a registered business name, log in to eLicense and select "Registered Business Name Application," complete the online application, and pay the application fee.
  • Once you have completed the requirements, the Agency will issue your license.

*Please note: License exam scores and background check clearances are each good for one year. The Agency can only issue a license while the scores and background check clearance are valid.