There Is a Newer Version of the Oregon Revised Statutes
2011 Oregon Revised Statutes
ORS Volume 15, Chapters 670 - 704
ORS Chapter 696
- 696.005 [1963 c.580 39; repealed by 1965 c.617 8] REAL ESTATE LICENSEES (Generally)
- 696.007 Statement of legislative purpose.
- Note: 696.007 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 696 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
- 696.010 Definitions.
- 696.015 Legislative finding; short title.
- 696.020 License required for individuals engaged in professional real estate activities; exception; rules.
- 696.022 Licensing system for real estate brokers and property managers; rules.
- Note: 696.022 to 696.026 were added to and made a part of the Oregon Real Estate License Law by legislative action but were not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
- 696.024 Payments due and owing to Real Estate Agency.
- Note: See note under 696.022.
- 696.025 [1977 c.649 8a; 1981 c.617 3; 1987 c.468 2; 1987 c.611 13; 1989 c.724 2; 1991 c.5 27; repealed by 2001 c.300 84]
- 696.026 Registration of business names; rules.
- Note: See note under 696.022.
- 696.028 [2001 c.300 30; repealed by 2009 c.324 10]
- 696.030 Exemptions.
- 696.040 Single act sufficient to constitute professional real estate activity.
- 696.050 [Amended by 1955 c.322 9; 1961 c.471 1; 1963 c.412 1; 1969 c.515 1; 1969 c.674 3; 1971 c.671 1; 1973 c.416 3; 1973 c.827 78; 1974 c.36 21; 1975 c.746 3; 1977 c.191 1; 1977 c.649 13; 1981 c.617 5; 1983 c.258 1; 1989 c.532 6; 1989 c.724 3; 1991 c.5 29; repealed by 2001 c.300 84]
- 696.060 [Amended by 1975 c.746 4; 1977 c.649 14; 1981 c.617 6; repealed by 2001 c.300 84]
- 696.070 [Amended by 1963 c.412 2; repealed by 1977 c.649 53 and 1977 c.842 17]
- 696.080 [Amended by 1975 c.746 5; 1977 c.649 15; 1981 c.617 6a; 1987 c.611 14; repealed by 2001 c.300 84]
- 696.085 [1991 c.462 2; repealed by 2001 c.300 84]
- 696.090 [Amended by 1955 c.322 10; repealed by 1977 c.649 16 and 1977 c.842 17 (694.169 enacted in lieu of 696.090)]
- 696.100 [Amended by 1963 c.412 3; 1977 c.649 17; repealed by 2001 c.300 84]
- 696.110 Exclusive nature of regulation of real estate licensees.
- 696.120 [Amended by 1977 c.649 18; repealed by 2001 c.300 84]
- 696.125 Limited license.
- Note: 696.125 was added to and made a part of 696.010 to 696.495 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
- 696.130 Effect of revocation of license; limited license.
- 696.140 [Amended by 1961 c.471 2; 1963 c.412 4; 1973 c.416 5; repealed by 1975 c.746 10 (696.141 enacted in lieu of 696.140)]
- 696.141 [1975 c.746 11 (enacted in lieu of 696.140); 1977 c.649 51; 1979 c.243 1; repealed by 2001 c.300 84]
- 696.150 [Amended by 1977 c.649 20; repealed by 2001 c.300 84]
- 696.160 [Amended by 1969 c.674 5; 1975 c.746 12; 1977 c.649 21; 1987 c.611 16; 1989 c.724 4; 1991 c.5 31; repealed by 2001 c.300 84]
- 696.162 [1975 c.746 8; 1977 c.190 1; 1977 c.649 22; 1981 c.617 8; 1987 c.468 3; repealed by 1991 c.5 46]
- 696.165 [1953 c.166 4; 1969 c.674 6; 1977 c.649 23; 1981 c.617 8a; 1991 c.5 32; repealed by 2001 c.300 84]
- 696.167 [1975 c.746 9; 1977 c.649 24; repealed by 1981 c.617 41]
- 696.169 [1977 c.649 16a (enacted in lieu of 696.090); 1989 c.724 5; repealed by 2001 c.300 84]
- 696.170 [Amended by 1955 c.322 13; repealed by 1969 c.674 20]
- 696.172 [1969 c.674 9; repealed by 1975 c.746 34]
- 696.174 License renewal; continuing education courses; rules.
- Note: The amendments to 696.174 by section 12, chapter 158, Oregon Laws 2011, become operative January 1, 2013, and apply to property managers who renew an active license for the first time on or after January 1, 2013. See sections 16 and 17, chapter 158, Oregon Laws 2011. The text that is operative on and after January 1, 2013, is set forth for the user s convenience.
- 696.174. (1) To renew an active license, a real estate licensee must complete 30 hours of real estate continuing education courses that are eligible for credit under ORS 696.182 during the two years preceding the renewal. The 30 hours must include: (a) At least three hours in a course on recent changes in real estate rule and law approved by the Real Estate Board; and (b)(A) If the real estate broker is renewing an active license for the first time, an advanced course in real estate practices approved by the Real Estate Agency; or (B) If a licensed real estate property manager is renewing an active license for the first time, an advanced course in property management practices approved by the agency. (2) The agency, in consultation with real estate professionals and educators, shall develop a form to ensure that a licensee has completed the number of hours required by subsection (1) of this section. A completed form must contain: (a) The date, name and length of time of each course attended; (b) The name of the real estate continuing education provider that offered the course; (c) The name of the instructor who taught the course; and (d) Any other information that the agency requires by rule. (3) The agency may waive any portion of the requirements of this section for a licensee who submits satisfactory evidence that poor health or other circumstances beyond the licensee s control prevented the licensee from attending part or all of the continuing education courses required by subsection (1) of this section.
- 696.176 [1969 c.674 10; 1975 c.746 13; 1977 c.649 26; repealed by 2001 c.300 84]
- 696.180 [Amended by 1977 c.649 27; repealed by 2001 c.300 84]
- 696.182 Continuing education; rules.
- Note: 696.182, 696.184 and 696.186 were added to and made a part of 696.010 to 696.375 by legislative action but were not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
- 696.184 Duties of continuing education provider; rules.
- Note: See note under 696.182.
- 696.186 Qualifications of continuing education instructors; rules.
- Note: See note under 696.182.
- 696.190 [Amended by 1977 c.649 28; repealed by 1981 c.617 41]
- 696.200 Main office; branch offices; change of business location.
- 696.205 Death or incapacity of sole principal real estate broker; temporary license; rules.
- 696.210 [Amended by 1977 c.649 30; repealed by 2001 c.300 84]
- 696.220 [Repealed by 1955 c.322 15]
- 696.221 [1955 c.322 4; 1969 c.674 12; 1977 c.649 31; 1983 c.258 2; 1991 c.5 34; 2001 c.300 18; repealed by 2005 c.116 24]
- 696.224 [1955 c.322 5; 1969 c.674 13; 1977 c.649 32; 1983 c.258 3; 1989 c.724 12; 1991 c.5 35; repealed by 2001 c.300 84]
- 696.226 [1955 c.322 2; 1977 c.649 33; 1983 c.258 4; 1991 c.5 36; 2001 c.300 19; repealed by 2005 c.116 24]
- 696.228 [1969 c.674 8; 1977 c.649 34; 1983 c.258 5; repealed by 2001 c.300 84]
- 696.230 [Repealed by 1969 c.674 21]
- 696.232 Return of license by employee of agency; reissuance upon termination of employment.
- 696.235 [1975 c.746 15; 1977 c.649 36; 1981 c.617 11; 1989 c.724 7; 1995 c.335 2; 2001 c.300 20; repealed by 2005 c.116 24]
- 696.240 [Amended by 1957 c.383 1; 1963 c.580 49; repealed by 1975 c.746 17 (696.241 enacted in lieu of 696.240)] (Client Trust Fund Accounts)
- 696.241 Clients trust accounts; notice to agency; branch trust account; interest earnings on trust account; when broker entitled to earnest money; funds not subject to execution; rules.
- 696.243 Substituting copy for original canceled check allowed; electronic fund transfers.
- Note: 696.243 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 696 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
- 696.245 Clients trust accounts; notice to bank; retention of copy.
- Note: 696.245 was added to and made a part of ORS 696.010 to 696.495 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
- 696.247 [1989 c.916 1; 1991 c.716 1; repealed by 1997 c.801 37]
- 696.249 [1989 c.916 2; 1991 c.716 2; repealed by 1997 c.801 37]
- 696.250 [Amended by 1953 c.202 2; 1961 c.675 1; 1965 c.367 2; 1969 c.674 14; 1975 c.746 19; 1977 c.649 37; 1981 c.617 12; repealed by 1989 c.532 10]
- 696.251 [1989 c.916 2a; repealed by 1997 c.801 37]
- 696.253 [1989 c.916 3; repealed by 1997 c.801 37]
- 696.254 [1989 c.916 7; 1991 c.716 4; 1993 c.744 176; repealed by 1997 c.801 37] (Nonresident and Reciprocal Real Estate Broker and Salesperson Licensing)
- 696.255 Nonresident license equivalent to appointment of commissioner as agent for service of process; service on commissioner; fee.
- 696.258 [1989 c.532 1; repealed by 2001 c.300 84]
- 696.260 [Repealed by 1977 c.649 53 and 1977 c.842 17]
- 696.262 [1989 c.532 2,3; repealed by 1999 c.470 4]
- 696.265 Recognition of nonresident real estate licensee; rules.
- Note: 696.265 was added to and made a part of 696.010 to 696.495 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation. (Miscellaneous)
- 696.270 Fees.
- 696.275 [1977 c.873 18; repealed by 1987 c.58 15]
- Note: Section 9, chapter 324, Oregon Laws 2009, provides:
- Sec. 9.
- 696.280 Records of licensed real estate property managers and real estate brokers; rules.
- 696.290 Sharing compensation with or paying finder s fee to unlicensed person prohibited; exceptions.
- 696.294 Opinion letter; rules.
- Note: 696.294 was added to and made a part of 696.010 to 696.495 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
- 696.300 [Amended by 1959 c.585 1; 1961 c.670 3; 1969 c.674 17; 1971 c.743 409; 1973 c.421 50; 1974 c.1 25; repealed by 1975 c.746 22 (696.301 enacted in lieu of 696.300)]
- 696.301 Grounds for discipline.
- 696.310 Intracompany supervision and control; effect of revocation on licensed associates.
- 696.315 Prohibition against licensee permitting nonlicensed individual to engage in activity with or on behalf of licensee.
- 696.320 Effect of suspension or revocation of principal broker license on associated licensees.
- 696.325 [1975 c.746 36; 1977 c.649 44; repealed by 1981 c.617 41]
- 696.330 [Amended by 1967 c.206 1; repealed by 1971 c.734 21]
- 696.340 [Repealed by 1971 c.734 21]
- 696.345 [1977 c.649 4; repealed by 1991 c.5 46]
- 696.350 [Repealed by 1971 c.734 21]
- 696.355 [1977 c.649 6; 1987 c.468 4; 1991 c.5 42; repealed by 2001 c.300 84]
- 696.359 [1981 c.617 39; repealed by 2001 c.300 84]
- 696.360 [Amended by 1967 c.206 2; repealed by 1971 c.734 21]
- 696.361 Regulation of real estate property manager.
- 696.363 Relationship between licensees as independent contractors or employer and employee.
- 696.365 City or county business license tax.
- Note: 696.365 was added to and made a part of ORS 696.010 to 696.495 but was not added to any smaller series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation. (Administration)
- 696.375 Real Estate Agency; Real Estate Commissioner; confirmation, salary and security of commissioner.
- 696.380 [Repealed by 1963 c.580 103]
- 696.385 Power of agency; rulemaking procedures.
- 696.390 [Repealed by 1963 c.580 103]
- 696.392 Power of commissioner to administer oaths, take depositions and issue subpoenas.
- 696.395 Power of commissioner.
- 696.396 Investigation of complaints and progressive discipline; rules.
- 696.397 Cease and desist order.
- Note: 696.397 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 696 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
- 696.398 Delegation by commissioner to employees; requirements.
- 696.400 [Repealed by 1963 c.580 103]
- 696.405 Real Estate Board; appointment; term; qualifications; compensation; expenses.
- 696.410 [Repealed by 1963 c.580 103]
- 696.415 Officers; meetings; quorum.
- 696.420 [Repealed by 1963 c.580 103]
- 696.425 Powers and duties of board; expenses.
- 696.430 Records of commissioner as evidence; records open to inspection; rules.
- 696.435 [1963 c.546 5; 1965 c.617 6; repealed by 2001 c.300 84]
- 696.440 [Repealed by 1963 c.580 103]
- 696.445 Advancement of education and research; Oregon Real Estate News Journal; content as to disciplinary actions.
- 696.450 [Repealed by 1963 c.580 103]
- 696.460 [Repealed by 1963 c.580 103]
- 696.470 [Repealed by 1963 c.580 103]
- 696.480 [Amended by 1977 c.649 49; repealed by 1981 c.617 41]
- 696.490 Real Estate Account; disposition of receipts.
- 696.495 Revolving fund; amount; use; procedure for repayment.
- 696.500 [Amended by 1959 c.27 1; repealed by 1961 c.309 5] ESCROWS AND ESCROW AGENTS (Generally)
- 696.505 Definitions for ORS 696.505 to 696.590.
- 696.508 Legislative finding; short title.
- 696.510 [Repealed by 1961 c.309 6] (Licensing)
- 696.511 License requirement; licensing system; rules.
- 696.515 [1963 c.440 3; repealed by 1981 c.617 41]
- 696.520 Application of ORS 696.505 to 696.590.
- 696.523 Application of ORS 696.505 to 696.590 to title insurance activities.
- 696.525 Bond for escrow agents.
- 696.527 Deposits in lieu of bond; payment of claims; waiver.
- 696.530 Expiration and renewal of license; fees; rules.
- 696.532 Limited license.
- Note: 696.532 and 696.534 were added to and made a part of 696.505 to 696.590 by legislative action but were not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
- 696.534 Records of escrow agents; rules.
- Note: See note under 696.532.
- 696.535 Grounds for refusing, suspending or revoking license or reprimanding licensee.
- 696.540 [1963 c.440 8; repealed by 1977 c.351 11 and 1977 c.842 17 (696.541 enacted in lieu of 696.540)]
- 696.541 Authority of commissioner over escrow agents; rules.
- 696.545 Investigation; injunction; jurisdiction.
- 696.550 [1963 c.440 10(1), (2); repealed by 1971 c.734 21]
- 696.555 Commissioner to take possession of property and assets of escrow agent when assets or capital impaired; appointment of receiver.
- 696.560 [1963 c.440 11; 1975 c.746 31; 1981 c.617 30; 1985 c.589 5; renumbered 696.578]
- 696.565 [1963 c.440 12; renumbered 696.579]
- 696.570 Hearings procedure under ORS 696.505 to 696.590; subpoena.
- 696.575 Civil or criminal actions not limited by ORS 696.505 to 696.590.
- 696.577 Commissioner s order against unlicensed agent.
- 696.578 Deposit and designation of funds held in escrow; treatment of earnings on escrow account; notice.
- 696.579 Funds exempt from execution or attachment; designation of funds.
- 696.580 [1963 c.440 15; repealed by 1973 c.794 34]
- 696.581 Written escrow instructions or agreement required; statement; instructions containing blank prohibited; one-sided escrow; exceptions.
- 696.582 Escrow agent to hold certain compensation; conditions; notice of demand; disbursement of money; copy of notice to principal.
- 696.585 Civil penalties.
- 696.590 Penalty amounts.
- 696.600 Definitions for ORS 696.392, 696.600 to 696.785 and 696.995.
- 696.603 License requirement.
- 696.606 Real estate marketing organization license; requirements; deposit required; claims against deposit; rules.
- 696.609 Exemptions from ORS 696.392, 696.600 to 696.785 and 696.995.
- 696.610 [Repealed by 1981 c.617 41]
- 696.612 Grounds for disciplinary action.
- 696.615 Publication of sanctions imposed for violations.
- 696.618 Denial of right to court action for unlicensed real estate marketing organization.
- 696.620 [Amended by 1975 c.491 7; repealed by 1981 c.617 41]
- 696.621 Real Estate Marketing Account.
- 696.624 Consent by nonresident real estate marketing organization to service of summons or process required.
- 696.627 On-site inspection allowed; deposit.
- 696.630 [Repealed by 1981 c.617 41]
- 696.640 [Repealed by 1981 c.617 41] ACTIONS AND REMEDIES
- 696.710 Necessity of alleging license in action to collect compensation.
- 696.720 Remedies are concurrent.
- 696.730 Jurisdiction of courts for violations; revoking license upon conviction; copy of order to commissioner.
- 696.740 [1971 c.734 161; repealed by 1981 c.617 41]
- 696.745 [1975 c.746 33; 1977 c.649 56; repealed by 1981 c.617 41]
- 696.775 Authority of commissioner when license lapsed, expired, revoked, suspended or surrendered.
- 696.785 Commissioner duties when illegal commingling of funds found; receivership procedure.
- 696.790 Authority of commissioner to require fingerprints.
- 696.793 [1989 c.724 15; repealed by 2005 c.730 77]
- 696.795 Authority of commissioner to conduct investigations and proceedings.
- 696.800 Definitions.
- Note: Section 351, chapter 79, Oregon Laws 1995, provides:
- Sec. 351.
- 696.805 Real estate licensee as seller s agent; obligations.
- Note: See note under 696.800.
- 696.810 Real estate licensee as buyer s agent; obligations.
- Note: See note under 696.800.
- 696.815 Representation of both buyer and seller; obligations.
- Note: See note under 696.800.
- 696.820 Agency disclosure pamphlet; rules.
- Note: See note under 696.800.
- 696.822 Liability of principal for act, error or omission of agent or subagent.
- Note: See note under 696.800.
- 696.825 [1993 c.570 7; repealed by 2001 c.300 84]
- 696.830 [1993 c.570 8; repealed by 2001 c.300 84]
- 696.835 Buyer and seller responsibilities.
- Note: See note under 696.800.
- 696.840 Compensation and agency relationships.
- Note: See note under 696.800.
- 696.845 Acknowledgment of existing agency relationships form; rules.
- Note: See note under 696.800.
- 696.855 Common law application to statutory obligations and remedies.
- Note: See note under 696.800.
- 696.870 Duties of real estate licensee under ORS 105.462 to 105.490, 696.301 and 696.870.
- Note: See note under 696.800.
- 696.880 Licensee not required to disclose proximity of registered sex offender.
- Note: 696.880 was added to and made a part of ORS chapter 696 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation. DUTIES OF REAL ESTATE PROPERTY MANAGERS
- 696.890 Duties of real estate property managers.
- Note: 696.890 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 696 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation. PENALTIES
- 696.990 Penalties.
- 696.995 Civil penalties for violation of ORS 696.603, 696.606 or 696.612.
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