Fall 2025

The Oregon Real Estate Agency adopted permanent administrative rules implementing HB 3137 on October 9, 2025. The rules complete the regulatory framework for the new managing principal broker designation that goes into effect statewide on January 1, 2026. OREA published the notice of proposed rulemaking on August 25, 2025 and held the public comment period before finalizing the rule text in October.

The permanent rules cover the operational mechanics that the statute leaves to the agency: how an existing principal broker registers as the managing principal broker for a registered business name (RBN), how transitions between managing principal brokers are processed when a firm changes hands or a broker departs, what records the managing principal broker must maintain on associated brokers and branch offices, and how OREA verifies compliance during audits and complaints. Separately, on October 25, 2025, OREA published the notice of rulemaking for HB 2373 implementing the new timeshare sales agent license — that rulemaking continued into late 2025 with permanent rules expected before the January 1, 2026 effective date.

For firms preparing for the January 2026 transition, the permanent rules answer most of the operational questions that the bill text left open. The full rule package is available at OREA's HB 3137 Permanent Administrative Rules document; the HB 2373 rulemaking notice is at OREA's timeshare agent rulemaking notice.