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2019 Oregon Revised Statutes
Volume : 17 - Occupations
Chapter 696 - Real Estate and Escrow Activities

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Section 696.005 [1963 c.580 §39; repealed by 1965 c.617 §8]

REAL ESTATE LICENSEES

Section 696.007 - Statement of legislative purpose.
Section 696.010 - Definitions.
Section 696.015 - Legislative finding; short title.
Section 696.020 - License required for individuals engaged in professional real estate activities; exception; rules.
Section 696.022 - Licensing system for real estate brokers and property managers; rules.
Section 696.024 - Payments due and owing to Real Estate Agency.
Section 696.025 [1977 c.649 §8a; 1981 c.617 §3; 1987 c.468 §2; 1987 c.611 §13; 1989 c.724 §2; 1991 c.5 §27; repealed by 2001 c.300 §84]
Section 696.026 - Registration and renewal of business names; rules.
Section 696.028 [2001 c.300 §30; repealed by 2009 c.324 §10]
Section 696.030 - Exemptions.
Section 696.040 - Single act sufficient to constitute professional real estate activity.
Section 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1975 c.746 §3; 1977 c.191 §1; 1977 c.649 §13; 1981 c.617 §5; 1983 c.258 §1; 1989 c.532 §6; 1989 c.724 §3; 1991 c.5 §29; repealed by 2001 c.300 §84]
Section 696.060 [Amended by 1975 c.746 §4; 1977 c.649 §14; 1981 c.617 §6; repealed by 2001 c.300 §84]
Section 696.070 [Amended by 1963 c.412 §2; repealed by 1977 c.649 §53 and 1977 c.842 §17]
Section 696.080 [Amended by 1975 c.746 §5; 1977 c.649 §15; 1981 c.617 §6a; 1987 c.611 §14; repealed by 2001 c.300 §84]
Section 696.085 [1991 c.462 §2; repealed by 2001 c.300 §84]
Section 696.090 [Amended by 1955 c.322 §10; repealed by 1977 c.649 §16 and 1977 c.842 §17 (694.169 enacted in lieu of 696.090)]
Section 696.100 [Amended by 1963 c.412 §3; 1977 c.649 §17; repealed by 2001 c.300 §84]
Section 696.110 - Exclusive nature of regulation of real estate licensees.
Section 696.120 [Amended by 1977 c.649 §18; repealed by 2001 c.300 §84]
Section 696.125 - Limited license.
Section 696.130 - Effect of revocation of license; limited license.
Section 696.140 [Amended by 1961 c.471 §2; 1963 c.412 §4; 1973 c.416 §5; repealed by 1975 c.746 §10 (696.141 enacted in lieu of 696.140)]
Section 696.141 [1975 c.746 §11 (enacted in lieu of 696.140); 1977 c.649 §51; 1979 c.243 §1; repealed by 2001 c.300 §84]
Section 696.150 [Amended by 1977 c.649 §20; repealed by 2001 c.300 §84]
Section 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]
Section 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]
Section 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]
Section 696.167 [1975 c.746 §9; 1977 c.649 §24; repealed by 1981 c.617 §41]
Section 696.169 [1977 c.649 §16a (enacted in lieu of 696.090); 1989 c.724 §5; repealed by 2001 c.300 §84]
Section 696.170 [Amended by 1955 c.322 §13; repealed by 1969 c.674 §20]
Section 696.172 [1969 c.674 §9; repealed by 1975 c.746 §34]
Section 696.174 - License renewal; reactivation; continuing education courses; rules.
Section 696.176 [1969 c.674 §10; 1975 c.746 §13; 1977 c.649 §26; repealed by 2001 c.300 §84]
Section 696.180 [Amended by 1977 c.649 §27; repealed by 2001 c.300 §84]
Section 696.182 - Continuing education; rules.
Section 696.184 - Duties of continuing education provider; rules.
Section 696.186 - Qualifications of continuing education instructors; rules.
Section 696.190 [Amended by 1977 c.649 §28; repealed by 1981 c.617 §41]
Section 696.200 - Main office; branch offices; change of business location.
Section 696.205 - Death or incapacity of sole principal real estate broker or sole licensed real estate property manager; temporary license; rules.
Section 696.210 [Amended by 1977 c.649 §30; repealed by 2001 c.300 §84]
Section 696.220 [Repealed by 1955 c.322 §15]
Section 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]
Section 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]
Section 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]
Section 696.228 [1969 c.674 §8; 1977 c.649 §34; 1983 c.258 §5; repealed by 2001 c.300 §84]
Section 696.230 [Repealed by 1969 c.674 §21]
Section 696.232 - License status of employee of agency; reissuance upon termination of employment.
Section 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]
Section 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)]
Section 696.241 - Clients’ trust accounts; commingling of funds; branch trust account; interest earnings on trust account; when broker entitled to earnest money; funds not subject to execution; rules.
Section 696.243 - Substituting copy for original canceled check allowed; electronic fund transfers.
Section 696.245 - Clients’ trust accounts; notice to bank and agency; retention of copy.
Section 696.247 [1989 c.916 §1; 1991 c.716 §1; repealed by 1997 c.801 §37]
Section 696.249 [1989 c.916 §2; 1991 c.716 §2; repealed by 1997 c.801 §37]
Section 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]
Section 696.251 [1989 c.916 §2a; repealed by 1997 c.801 §37]
Section 696.253 [1989 c.916 §3; repealed by 1997 c.801 §37]
Section 696.254
Section 696.255 - Nonresident license equivalent to appointment of commissioner as agent for service of process; service on commissioner; fee.
Section 696.258 [1989 c.532 §1; repealed by 2001 c.300 §84]
Section 696.260 [Repealed by 1977 c.649 §53 and 1977 c.842 §17]
Section 696.262 [1989 c.532 §§2,3; repealed by 1999 c.470 §4]
Section 696.265 - Recognition of nonresident real estate licensee; rules.
Section 696.270 - Fees.
Section 696.275 [1977 c.873 §18; repealed by 1987 c.58 §15]
Section 696.280 - Records of licensed real estate property managers and real estate brokers; rules.
Section 696.290 - Sharing compensation with or paying finder’s fee to unlicensed person prohibited; exceptions.
Section 696.292 - Limitation on demand for compensation.
Section 696.294 - Opinion letter; rules.
Section 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)]
Section 696.301 - Grounds for discipline.
Section 696.310 - Intracompany supervision and control.
Section 696.315 - Prohibition against licensee permitting nonlicensed individual to engage in activity with or on behalf of licensee; exception.
Section 696.320 - Effect of suspension or revocation of principal broker license on associated licensees.
Section 696.323 - Effect of violations by real estate licensee on associated licensees; contested case hearing.
Section 696.325 [1975 c.746 §36; 1977 c.649 §44; repealed by 1981 c.617 §41]
Section 696.330 [Amended by 1967 c.206 §1; repealed by 1971 c.734 §21]
Section 696.340 [Repealed by 1971 c.734 §21]
Section 696.345 [1977 c.649 §4; repealed by 1991 c.5 §46]
Section 696.350 [Repealed by 1971 c.734 §21]
Section 696.355 [1977 c.649 §6; 1987 c.468 §4; 1991 c.5 §42; repealed by 2001 c.300 §84]
Section 696.359 [1981 c.617 §39; repealed by 2001 c.300 §84]
Section 696.360 [Amended by 1967 c.206 §2; repealed by 1971 c.734 §21]
Section 696.361 [1987 c.611 §18; 1989 c.724 §17; 1991 c.5 §43; 2001 c.300 §33; repealed by 2013 c.145 §17]
Section 696.363 - Relationship between licensees as independent contractors or employer and employee.
Section 696.365 - City or county business license tax.
Section 696.375 - Real Estate Agency; Real Estate Commissioner; confirmation, salary and security of commissioner.
Section 696.380 [Repealed by 1963 c.580 §103]
Section 696.385 - Power of agency; rulemaking procedures.
Section 696.390 [Repealed by 1963 c.580 §103]
Section 696.392 - Power of commissioner to administer oaths, take depositions and issue subpoenas.
Section 696.395 - Power of commissioner.
Section 696.396 - Investigation of complaints and progressive discipline; rules.
Section 696.397 - Cease and desist order.
Section 696.398 - Delegation by commissioner to employees; requirements.
Section 696.400 [Repealed by 1963 c.580 §103]
Section 696.405 - Real Estate Board; appointment; term; qualifications; compensation; expenses.
Section 696.410 [Repealed by 1963 c.580 §103]
Section 696.415 - Officers; meetings; quorum.
Section 696.420 [Repealed by 1963 c.580 §103]
Section 696.425 - Powers and duties of board; expenses.
Section 696.430 - Records of commissioner as evidence; records open to inspection; rules.
Section 696.435 [1963 c.546 §5; 1965 c.617 §6; repealed by 2001 c.300 §84]
Section 696.440 [Repealed by 1963 c.580 §103]
Section 696.445 - Advancement of education and research; Oregon Real Estate News Journal; content as to disciplinary actions.
Section 696.450 [Repealed by 1963 c.580 §103]
Section 696.460 [Repealed by 1963 c.580 §103]
Section 696.470 [Repealed by 1963 c.580 §103]
Section 696.480 [Amended by 1977 c.649 §49; repealed by 1981 c.617 §41]
Section 696.490 - Real Estate Account; disposition of receipts.
Section 696.495 - Revolving fund; amount; use; procedure for repayment.
Section 696.500 [Amended by 1959 c.27 §1; repealed by 1961 c.309 §5]

ESCROWS AND ESCROW AGENTS

Section 696.505 - Definitions for ORS 696.505 to 696.590.
Section 696.508 - Legislative finding; short title.
Section 696.510 [Repealed by 1961 c.309 §6]
Section 696.511 - License requirement; licensing system; rules.
Section 696.515 [1963 c.440 §3; repealed by 1981 c.617 §41]
Section 696.520 - Application of ORS 696.505 to 696.590.
Section 696.523 - Application of ORS 696.505 to 696.590 to title insurance activities.
Section 696.525 - Bond for escrow agents.
Section 696.527 - Deposits in lieu of bond; payment of claims; waiver.
Section 696.530 - Expiration and renewal of license; fees; rules.
Section 696.532 - Limited license.
Section 696.534 - Records of escrow agents; rules.
Section 696.535 - Grounds for refusing, suspending or revoking license or reprimanding licensee.
Section 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)]
Section 696.541 - Authority of commissioner over escrow agents; rules.
Section 696.545 - Investigation; injunction; jurisdiction.
Section 696.550 [1963 c.440 §10(1), (2); repealed by 1971 c.734 §21]
Section 696.555 - Commissioner to take possession of property and assets of escrow agent when assets or capital impaired; appointment of receiver.
Section 696.560
Section 696.565
Section 696.570 - Hearings procedure under ORS 696.505 to 696.590; subpoena.
Section 696.575 - Civil or criminal actions not limited by ORS 696.505 to 696.590.
Section 696.577 - Commissioner’s order against unlicensed agent.
Section 696.578 - Deposit and designation of funds held in escrow; treatment of earnings on escrow account; notice.
Section 696.579 - Funds exempt from execution or attachment; designation of funds.
Section 696.580 [1963 c.440 §15; repealed by 1973 c.794 §34]
Section 696.581 - Written escrow instructions or agreement required; statement; instructions containing blank prohibited; one-sided escrow; exceptions.
Section 696.582 - Escrow agent to hold certain compensation; conditions; notice of demand; disbursement of money; copy of notice to principal.
Section 696.585 - Civil penalties.
Section 696.590 - Penalty amounts.

REAL ESTATE MARKETING

Section 696.600 - Definitions for ORS 696.392, 696.600 to 696.785 and 696.995.
Section 696.603 - License requirement.
Section 696.606 - Real estate marketing organization license; requirements; deposit required; claims against deposit; rules.
Section 696.609 - Exemptions from ORS 696.392, 696.600 to 696.785 and 696.995.
Section 696.610 [Repealed by 1981 c.617 §41]
Section 696.612 - Grounds for disciplinary action.
Section 696.615 - Publication of sanctions imposed for violations.
Section 696.618 - Denial of right to court action for unlicensed real estate marketing organization.
Section 696.620 [Amended by 1975 c.491 §7; repealed by 1981 c.617 §41]
Section 696.621 - Real Estate Marketing Account.
Section 696.624 - Consent by nonresident real estate marketing organization to service of summons or process required.
Section 696.627 - On-site inspection allowed; deposit.
Section 696.630 [Repealed by 1981 c.617 §41]
Section 696.640 [Repealed by 1981 c.617 §41]

ACTIONS AND REMEDIES

Section 696.710 - Necessity of alleging license in action to collect compensation.
Section 696.720 - Remedies are concurrent.
Section 696.730 - Jurisdiction of courts for violations; revoking license upon conviction; copy of order to commissioner.
Section 696.740 [1971 c.734 §161; repealed by 1981 c.617 §41]
Section 696.745 [1975 c.746 §33; 1977 c.649 §56; repealed by 1981 c.617 §41]
Section 696.775 - Authority of commissioner when license lapsed, expired, revoked, suspended or surrendered.
Section 696.785 - Commissioner duties when illegal commingling of funds found; receivership procedure.

MISCELLANEOUS

Section 696.790 - Authority of commissioner to require fingerprints.
Section 696.793 [1989 c.724 §15; repealed by 2005 c.730 §77]
Section 696.795 - Authority of commissioner to conduct investigations and proceedings.

AGENTS’ OBLIGATIONS

Section 696.800 - Definitions.
Section 696.805 - Real estate licensee as seller’s agent; obligations.
Section 696.810 - Real estate licensee as buyer’s agent; obligations.
Section 696.815 - Representation of both buyer and seller; obligations.
Section 696.820 - Agency disclosure pamphlet; rules.
Section 696.822 - Liability of principal for act, error or omission of agent or subagent.
Section 696.825 [1993 c.570 §7; repealed by 2001 c.300 §84]
Section 696.830 [1993 c.570 §8; repealed by 2001 c.300 §84]
Section 696.835 - Buyer and seller responsibilities.
Section 696.840 - Compensation and agency relationships.
Section 696.845 - Acknowledgment of existing agency relationships form; rules.
Section 696.855 - Common law application to statutory obligations and remedies.
Section 696.870 - Duties of real estate licensee under ORS 105.462 to 105.490, 696.301 and 696.870.
Section 696.880 - Licensee not required to disclose proximity of registered sex offender.

DUTIES OF REAL ESTATE PROPERTY MANAGERS

Section 696.890 - Duties of real estate property managers.

PENALTIES

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.

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