- (1) For purposes of this rule, “at first contact” means at the time the agent has sufficient contact information about a person to be able to provide a real estate team disclosure to that person. Contact with a person includes, but is not limited to contacts in person, by telephone, over the Internet, by electronic mail, or by similar methods.
(2) A member of a real estate team must provide a copy of the real estate team disclosure, which complies with section (5) of this rule, at first contact with:
(a) A prospective party to a real property transaction; or
(b) An unrepresented party seeking representation during the course of a real property transaction.
(3) A member of a real estate team must provide the real estate team disclosure in a written format by email, over the Internet, by USPS mail, facsimile, hand delivery or similar delivery method.
(4) A member of a real estate team does not need to provide a copy of the real estate team disclosure to a party who has received a copy of the disclosure from another member of the same team.
(5) The real estate team disclosure must contain:
(a) The name and role of each member of the real estate team;
(b) Whether individual members of the real estate team are real estate licensees;
(c) The name of any members of the real estate team responsible for supervision and control of some or all members of the real estate team, if any;
(d) The name of the managing principal broker with whom the real estate licensees on the real estate team are associated,
(e) A statement that the real estate team is a subdivision of the registered business name; and
(f) A statement to the effect that the real estate team must have a disclosed limited agency agreement in place before any members of the real estate team may perform any professional real estate activities for a buyer or seller when the real estate team already represents :
(A) Another buyer or seller in the same real estate transaction; or
(B) Another buyer who wants to purchase the same property.
(6) The Real Estate Agency will make available a sample of a real estate team disclosure that complies with section (5) of this rule on the Agency’s website.
Statutory/Other Authority
ORS 696.385
Statutes/Other Implemented
HB 3137, 2025 Regular Session
History
REA 4-2025, adopt filed 10/09/2025, effective 01/01/2026