While this post provides general information, it's essential to verify details with the Oregon Real Estate Agency (OREA) for the most accurate and up-to-date guidance. Renewing your Oregon real estate license is a crucial step in maintaining your professional status. Here's a detailed breakdown of the process so you can renew on time:
Understanding the Oregon Real Estate License Renewal Process
Continuing Education: To renew your license, you must complete a specific number of continuing education hours.
eLicense System: Oregon uses an online system called eLicense for license management.
Renewal Fee: You will need to pay a renewal fee. At this writing, the renewal fee is $300.00
Steps to Renew Your Oregon Real Estate License
Determine Your Continuing Education Requirements:
First-time Renewal: You'll need to complete a 3-hour Law and Rule Required Course (LARRC) and a 27-hour Broker Advanced Practices course.
Subsequent Renewals: You'll need to complete a 3-hour LARRC and an additional 27 hours of approved continuing education courses.
Complete Continuing Education Courses:
Enroll in courses offered by certified continuing education providers.
Keep your certificates of completion for at least three years.
Enter Continuing Education Information into eLicense:
Log in to your eLicense account.
Enter the details of your completed continuing education courses.
Pay the Renewal Fee:
The renewal fee amount will be displayed in your eLicense account.
Pay the fee using the available payment options.
Submit Your Renewal Application:
Review all information in your eLicense account for accuracy.
Submit your renewal application online.
Important Considerations for Oregon Real Estate License Renewal
Renewal Deadline: Be mindful of your license expiration date to avoid late fees.
eLicense Account: Ensure your eLicense account information is up-to-date.
Continuing Education Records: Maintain accurate records of your completed courses.
Late Renewal: If you miss the renewal deadline, you may face penalties or license suspension. At this writing, the late fee penalty is an additional $150.00.
Additional Tips
Plan Ahead: Start planning your continuing education well in advance of your renewal date.
Utilize Online Resources: Take advantage of online continuing education options for flexibility.
Contact OREA: If you have questions or encounter issues, reach out to the Oregon Real Estate Agency for assistance.
Remember: It's essential to stay informed about any changes to Oregon real estate licensing regulations. Check the Oregon Real Estate Agency's website for the most current information.
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2024 Jeff Sorg