If there is a dispute among or between managing principal brokers regarding who is entitled to the moneys or other property agreed to as compensation in a written compensation agreement, and the escrow agent is holding such moneys or other property pursuant to ORS 696.582(1)(a), the escrow agent must hold the moneys or other property until the escrow agent receives a written agreement between the managing principal brokers or a final order from a court directing the escrow agent to disburse the moneys or other property.

Statutory/Other Authority

ORS 696.385 & ORS 696.541

Statutes/Other Implemented

ORS 696.582 & Chapter 389, (2025 Laws)

History

REA 4-2025, amend filed 10/09/2025, effective 01/01/2026
REA 1-2017, amend filed 11/17/2017, effective 01/01/2018
REA 10-2008, f. 12-15-08, cert. ef. 1-1-09