Anyone who is at least 18 years old, holds a high school diploma or its equivalent, and completes Oregon's required broker pre-license education can apply to become a licensed real estate broker. Oregon licenses real estate professionals through the Oregon Real Estate Agency (OREA).
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Get Notified →To qualify for an Oregon broker license you must complete 150 hours of broker pre-license education from a school approved by the Oregon Real Estate Agency. The 150 hours are delivered as Oregon's required pre-license courses, covering:
Only courses completed on or after January 1, 2013 count toward the requirement.
Oregon's real estate broker exam is administered by PSI and delivered on a computer at a PSI test center. It has two sections: a national portion of 80 scored questions (general real estate principles and federal law) and an Oregon state portion of 50 scored questions (Oregon license law, ORS 696, trust accounts, agency, and property management). A handful of unscored "pretest" questions may be mixed in.
To pass, you must score at least 75% on each section. The two sections are scored independently — if you pass one and fail the other, you only need to retake the section you missed. Your passing exam score and your background-check clearance are each valid for one year.
An active Oregon broker license lets you represent buyers and sellers, list and sell residential and commercial property, and — under the supervision of a principal broker — earn commissions on real estate transactions. Residential sales is the most common path for new brokers.
OREA charges a $300 nonrefundable application fee for a broker license. On top of that you'll pay the PSI exam fee and the fingerprint/background-check fee, plus the cost of your pre-license education. Use our Oregon license cost calculator to add it all up.
It depends on your study pace. The 150 hours of coursework typically take new students a couple of months of part-time study; after that, registering, studying for, and passing the exam usually takes a few more weeks.
Oregon does not offer broad reciprocity. Check directly with the Oregon Real Estate Agency about your situation, but most out-of-state licensees still complete Oregon's required education and pass the Oregon exam to be licensed here.
Yes. There's no limit on the number of attempts, though each attempt requires paying the exam fee again, and you must pass both sections within the validity window of your education and background clearance.