1. (1) The real estate broker license applicant course of study required by OAR 863-014-0035 must include 150 clock-hours in the seven courses listed in section (2) of this rule.

   1. (a) Courses offered by private career schools must be approved by the Agency under OAR 863-022-0030.
   2. (b) Courses offered by in-state community colleges, colleges, and universities must be approved by the Agency under OAR 863-022-0035.

   3. (c) To be eligible for credit, a course provider must:

      1. (A) Present each course for the designated number of clock- hours stated in section (2) of this rule,
      2. (B) Include specific course topics required by the Agency as provided in section (3) of this rule, and
      3. (C) Give each student a final examination for each course consisting of the number of questions stated in section (2) of this rule.

2. (2) The courses required for real estate broker license applicants are:

   1. (a) Real Estate Law: 30 clock-hours and 60 questions on a final examination.
   2. (b) Oregon Real Estate Practice: 30 clock-hours and 60 questions on a final examination.
   3. (c) Real Estate Finance: 30 clock-hours and 60 questions on a final examination.
   4. (d) Contracts: 15 clock-hours and 30 questions on a final examination.
   5. (e) Agency Law: 15 clock-hours and 30 questions on a final examination.
   6. (f) Property Management: 10 clock-hours and 20 questions on a final examination.
   7. (g) Real Estate Brokerage: 20 clock-hours and 40 questions on a final examination.
3. (3) An applicant must complete the required courses through Agency-approved private career schools or in-state community colleges, colleges, or universities, as those terms are defined in OAR 863-022-0005.
4. (4) To receive credit for courses provided by private career schools, license applicants must complete the course of study and receive a passing score of at least 75% on a final examination for each course.
5. (5) To receive credit for courses provided by in-state community colleges, colleges, and universities, license applicants must complete the course of study, including a final examination for each course and achieve a minimum grade of "C" or equivalent.
6. (6) The real estate broker license applicant course of study is not eligible for continuing education credit under OAR 863-020-0010.

Statutory/Other Authority

ORS 696.385

Statutes/Other Implemented

ORS 696.174, 696.182 & 696.184

History

REA 1-2013, f. 1-14-13, cert. ef. 2-1-13
REA 1-2012(Temp), f. 8-14-12, cert. ef. 8-15-12 thru 2-1-13
REA 7-2011, f. & cert. ef. 11-15-11
REA 6-2011, f. 8-15-11, cert. ef. 9-1-11
REA 3-2011(Temp), f. & cert. ef. 6-22-11 thru 12-1-11
REA 1-2010, f. 6-14-10, cert. ef. 7-1-10