1. (1) A new real estate marketing organization license shall be for a period of not more than 13 months and a renewal of such license shall be for a period of not more than 12 months from the expiration of the prior license.
2. (2) A real estate marketing organization's license expires on June 30 each year. A licensee may not engage in real estate marketing activity after a license expires.

3. (3) The Agency may renew a real estate marketing organization's license when the Agency has received the following:

   1. (a) The renewal fee authorized by OAR 863-010-0640.
   2. (b) An online renewal.
4. (4) If the licensee fails to renew a license by the end of the renewal period but wishes to engage in real estate marketing activity, the licensee must submit a new initial license application pursuant to OAR 863-010-0610 and pay all required fees.

Statutory/Other Authority

Sec. 4(1), Ch. 217 & OL 1995

Statutes/Other Implemented

ORS 696.606

History

REA 1-2022, amend filed 04/27/2022, effective 05/01/2022
REA 1-1997, f. 4-28-97, cert. ef. 5-5-97
REA 2-1995, f. 11-27-95, cert. ef. 12-3-95
REA 1-1995(Temp), f. & cert. ef. 6-5-95