1. (1) A timeshare sales agent whose license is on inactive status may not engage in professional real estate activity.
2. (2) The Commissioner may reprimand, suspend, revoke, or impose a civil penalty against an inactive timeshare sales agent under ORS 696.301.

3. (3) The Agency will change an active timeshare sales agent license to inactive license status when the Agency receives the following:

   1. (a) An online inactivation application available through the Agency’s website completed by the licensee to change the license status to inactive; or
   2. (b) An online inactivation application available through the Agency’s website completed by the licensee’s authorized principal broker to change the license status of the licensee to inactive.
4. (4) An inactive timeshare sales agent may be renewed under OAR 863-035-0070.
5. (5) For a period of 30 days after a timeshare sales agent license becomes inactive, the licensee may change such license status from inactive to active and be transferred by an authorized principal broker under OAR 863-035-0090.

6. (6) Except as provided in section (7) of this rule, for a period of 30 days after the timeshare sales agent license becomes inactive, the licensee may become licensed as an active timeshare sales agent only if:

   1. (a) The licensee is qualified for such license and

   2. (b) The licensee submits to the Agency:

      1. (A) An Agency-approved application, and
      2. (B) Payment of the fee authorized by ORS 696.270.

7. (7) If a timeshare sales agent license has not been on active status for two or more consecutive years, the following steps must be completed in the order listed to reactivate the license:

   1. (a) The licensee must pay a fee to the examination provider and take and pass a reactivation examination as required by OAR 863-035-0040.
   2. (b) The licensee must submit an online reactivation application available through the Agency’s website and pay the fee to the Agency required under ORS 696.270.

8. (8) After the 30-day period specified in sections (5) and (6) of this rule, and subject to the examination requirements in section (7) of this rule, the Agency will change the timeshare sales agent license status from inactive to active after receiving the following:

   1. (a) An online application for license reactivation;
   2. (b) Payment of the reactivation fee authorized by ORS 696.270; and
   3. (c) An online license transfer application available through the Agency’s website, completed by the receiving authorized principal broker per OAR 863-035-0090.
9. (9) The change of license status, transfer, or the reactivation of a license is effective when all requirements are met, applications are completed, and fees are paid.

Statutory/Other Authority

ORS 696.022

Statutes/Other Implemented

HB 2373, 2025 Regular Session

History

REA 5-2025, adopt filed 12/22/2025, effective 01/01/2026