- (1) The Agency may reissue an unexpired real estate license that has been suspended by order of the Commissioner if the licensee makes a written request to the Agency that such license be reissued and pays the required fee within 30 days after the close of the suspension period.
- (2) If the licensee fails to act within 30 days, the license becomes inactive and may be reactivated only pursuant to OAR 863-014-0065.
- (3) If the license expires before the request for reissuance, the Agency will renew the license within the 30-day period only pursuant to OAR 863-014-0050.
- (4) A license reissued under this rule is effective for licensing purposes when the Agency receives all required forms and fees.
- (5) A suspended license may not be renewed.
- (6) If the license remains suspended, and is not reissued and renewed under OAR 863-014-0050 within one year of expiration, the license has lapsed. To become licensed again, the former licensee must reapply and meet all of the licensing qualifications required of a new license applicant.
Statutory/Other Authority
ORS 696.385
Statutes/Other Implemented
ORS 696.020 & ORS 696.022
History
REA 1-2017, amend filed 11/17/2017, effective 01/01/2018
Renumbered from 863-015-0075, REA 5-2008, f. 12-15-08, cert. ef. 1-1-09
REA 1-2005, f. 5-5-05, cert. ef. 5-6-05
REA 1-2002, f. 5-31-02, cert. ef. 7-1-02, Renumbered from 863-010-0086
REA 3-1989, f. 12-13-89, cert. ef. 2-1-90
REC 5-1984, f. 6-18-84, ef. 7-1-84
REC 1-1981, f. 10-30-81, ef. 11-1-81