How To Get An Oregon Real Estate License
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Are you considering a career in real estate? Does a flexible schedule, being your own boss, and earning a great income appeal to you? If you live in Oregon, the good news is that you can obtain your Oregon real estate license in just a few simple steps.
There are two basic prerequisites for becoming a real estate agent in Oregon: you must be at least 18 years old and have a high school diploma or GED. If you meet these basic requirements, here are the steps youll need to follow to earn your Oregon real estate license, which is called a brokers license.
Next Steps After Passing The Oregon Real Estate Exam
Once youve passed the exam, its time to get to work to complete the licensing process. For a more detailed guide on this, read our article on how to get a real estate license in Oregon.
For starters, you will need to screen potential brokers to sponsor your license application. Check out our article on choosing the right real estate brokerage to work for as you select the most fitting one.
When youre finally licensed, you can then develop an action plan to guide you on what to do after you get your real estate license.
You may also want to consider joining a real estate team where you can meet experienced agents to help you start a successful real estate career.
An exciting career awaits you, but you have to be ready to tackle the challenges ahead.
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What Is The Cost Of Taking The Oregon Real Estate Exam
Applicants looking to become Oregon real estate agents must submit their application to start the licensing process. The associated fee is $300, and its non-refundable.
Youll also have to pay $75 to take the exam. Your cost for pre-licensing education will vary based on the school and course delivery method. Generally, look to pay between $300 to $700 for the seven courses.
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Oregon Real Estate License Faq
How Much Does it Cost to Get a Real Estate License in Oregon?
All Oregon fees: $432.25
Real Estate Pre-Licensing Education : $429-$679
The total estimated cost to get an Oregon Real Estate license is $862-$1,112.
How Long Does it Take to Get an Oregon Real Estate License?
The two steps that take the most time when getting your license are pre-license education and test preparation. The average amount of time that people take from start to finish is generally 3-6 months.
If you dedicate a full-time schedule to this process and study hard, you could possibly complete this process in 2 months. We wouldnt recommend trying to go any faster than this. Take your time to study and prepare yourself for the exam.
How to Get an Oregon Commercial Real Estate License?
To sell commercial real estate in Oregon, a Broker license is all that you need. There is no specific commercial real estate license.
If you wish to take on a career selling specifically commercial real estate, choose a broker that handles the types of deals that you want to be a part of.
Are There any Real Estate Jobs Open Around Me?
Check out StateRequirement Jobs to find open real estate jobs in your area!
Orea Oregon Real Estate Agency
530 Center Street NE, Suite 100Salem, OR 97301
Information on this page has been gathered by a multitude of sources and was most recently updated in Real Estate.
Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. StateRequirement is not affiliated with any state, government, or licensing body. For more information, please contact your state’s authority on insurance.
When readers purchase services discussed on our site, we often earn affiliate commissions that support our work. Learn More
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Submit To A Background Check
Cost: $56.25Time commitment: One month
You must submit to a background check before you can work as a real estate broker in Oregon. Youll be unable to work as a real estate agent until youre notified by the state licensing board that you passed the background check. Youll be charged $56.25 for the fingerprinting and background check fees.
While waiting for your background check results, consider taking business-building courses through The CE Shop. Their three business accelerator course offerings can help you jumpstart your new career by teaching you about real estate marketing, developing leads, and the day-to-day operations of your real estate business in Oregon.
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Oregon Real Estate License Exam
After youve completed your pre-license education, it is time to take the Oregon Real Estate Exam.
The fee to take the exam is $75 per attempt.
The Oregon Real Estate Exam consists of 130 questions. This includes 80 for the National section and 50 for the State section.
You will have 195 minutes to complete the entire exam. The National section time is 120 minutes , and the State section time is 75 minutes .
A passing score for the Oregon Real Estate Broker Exam is 60/80 on the National section and 38/50 on the State section.
PSI the company that administers your exam has launched the option of remote proctoring for Oregon licensing candidates. Applicants will be able to take remote proctored exams.
Immediately after completing your exam, you will receive a scoring document that states whether you passed or failed. If it is marked Fail, then you will see a breakdown of your score in the different areas of the exam. If you decide to retake the exam, use this as a guide for your studies.
How Hard is the Oregon Real Estate Exam?
The passing rate for the Oregon Real Estate Broker Exam is 75%
Check out StateRequirements recommended post-license course provider for access to these courses.
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Oregon License Package Features
Specific Math and Definition Exams
Prepare for Both State and National Exams
Practicing real estate exam questions with the Oregon License Professor will:
- Increase your understanding of course material
- Improve your exam comfort, familiarity, and completion speed
- Start preparing immediately as there is no software to be delivered
- Work from home comfortably : Study wherever and whenever you desire
- Have no need to attend expensive exam prep classes or real estate license school
The content for each Oregon real estate exam has been extensively planned out by the Oregon License Professors editorial staff professionals who teach real estate license courses all over Oregon. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don’t set up to fail. Pass the Oregon real estate exam using the excellent practice exams and informative feedback that the Oregon License Professor’s system provides. And don’t forget – we have a 100% money back guarantee!
Oregon Real Estate Agent Compensation
As of this writing, Indeed indicates that Oregon real estate brokers make an average annual income of $92,840. We recommend inquiring about several important topics with any principal broker youre looking to work with, as these questions will impact your financial bottom line. Ask about your split, which refers to how youll share the commissions you earn. For example, some brokerages will ask for an even 50/50 split on commissions. Some brokerages will offer you a higher percentage for your split, but they may charge you a monthly desk fee.
You should also ask about your cap, the maximum amount that a brokerage will take from your commissions within a calendar year. Once youve met your cap, the rest of your commissions earned will be entirely yours to keep. Negotiating a low cap will mean more commissions will end up in your bank account.
While getting paid as a commissioned salesperson is unique from a salaried role, the benefit of commissioned sales is that it rewards people who work hard and provide excellent customer service to their clients. However, some Oregon real estate brokers prefer to ease their way into their new profession by working part-time instead of jumping in with both feet.
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How Much Does It Cost To Get An Oregon Real Estate License
It costs around $1,000 to get your real estate license in Oregon. While some costs are fixed, such as the states application, exam fee, and fingerprint fee, others can vary greatly, including the price of your prelicensing education, which ranges from $329 to $429 depending on the provider you choose.
Oregon Real Estate Exam Prep
The Oregon License Professor is Oregon’s number one provider of high quality real estate knowledge designed to help YOU pass your Oregon real estate exam the first time. Explanations and feedback given by the Oregon License Professor is provided by real estate license instructors and professional realtors from across Oregon, including Portland, Salem, and Eugene. Thousands of students have already aced their Oregon real estate exam by preparing with the Oregon License Professor.
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Oregon Real Estate Agent Exam
Need of a License:Who Grants a License:Qualifications to receive a License:fingerprintsBroker License RequirementsNOTE:Applying for the Exams:eLicensingOREA-approved pre-licensing curriculum providerscheduling pageOregon Real Estate Agency Real Estate Broker Candidate Information BulletinTest Content:
What Score Do You Need To Pass The Oregon Real Estate Exam
You have to answer a minimum of 75 percent of the questions correctly in each section to test successfully.
If you score less than that, youll receive a diagnostic report as part of your real estate exam results.
This report will help you identify the areas where you performed poorly, so you can give additional attention to these topics as you prepare to retake the test.
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Pass The Oregon Real Estate License Exam
Once youve completed the 150 hours of coursework, youll be qualified to schedule and take the Oregon real estate broker exam. The exam is administered through PSI in cooperation with the Oregon Real Estate Agency. Youll be charged a $75 fee for the exam when you schedule your exam online.
PSI has seven testing locations in Oregon, but you can also opt to take the Oregon real estate license exam from the comfort of your own home. Online, proctored exams are permitted if your computer meets compatibility requirements. Otherwise, you can take the exam in person in:
- Baker City
Youll need to bring two pieces of valid, government-issued photo identification to the in-person testing center. The exam is multiple choice and is comprised of 80 national questions and 50 Oregon-specific questions. Be sure to download the candidate information packet from their website to learn about common items youre prohibited from bringing to the exam room, such as pens and cell phones.
Once youve finished taking the online exam at one of the testing centers listed above, your grade will be displayed on the screen at the end of the session. You can retake the broker exam if you fail it the first time, but youll need to wait at least a day to schedule any subsequent attempts.
Youll be fingerprinted as part of the process at the PSI testing center as soon as you pass the brokerage exam. Fingerprint processing may take up to four weeks.
Real Estate License Exam Scores
Most states require a minimum score of at least 70-75% correct in order to pass the real estate exam. Below are some example passing scores. Check the exact score requirements for your state here.
* Must answer at least 56 national and 21 state-specific questions correctly.
** Must answer at least 60 national and 38 state-specific questions correctly.
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Types Of Real Estate Prelicensing Classes
Whether you live in Salem, Eugene, or the Portland area, you should be able to find an Oregon real estate school that offers in-person classes that meet during regularly scheduled sessions. Livestream classes are scheduled classes that are broadcast over Zoom or other video conferencing tools. Online classes are popular for those wanting to become real estate agents in Oregon. The course material may be presented in a series of slides, videos, and interactive content.
There are pros and cons for each type of instruction.
|Types of Instruction|
Real Estate License Application
The first step to getting your real estate broker license in Oregon is to complete your license application.
You will need to register for an account in the Oregon Real Estate Agencys online license management system eLicense.
Apply for a broker license and pay the $300 nonrefundable application fee in eLicense. When the application is processed, you will receive an Applicant ID number by email.
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Fingerprinting And Background Check
After passing your examination, the next step is to complete your fingerprinting and background check. The Oregon Real Estate Agency requires that all applicants have a background check performed before they can become a licensed real estate broker in Oregon.
While filling out a license application in eLicense, you will answer questions that start the background check process.
Your fingerprints will be taken at the PSI exam center after you take and pass the license exam. If you are taking the license exam via PSIs remote online proctoring, you may have your fingerprints taken before or after you take and pass the license exam.
Fingerprints are processed through the Oregon State Police and the Federal Bureau of Investigation. You will pay a fee directly to PSI to have your fingerprints taken and processed.
The fee to complete your fingerprinting services is $56.25. This covers the $41.25 Oregon State Police fee and the $15 PSI processing fee.
The prints are forwarded electronically to the appropriate review agencies. Fingerprint processing may take up to 4 weeks.
Completing and turning in your fingerprints will begin the background check process. The Oregon Real Estate Agency will review any findings in your background report to ensure your eligibility. During this process, they may reach out to you to provide additional information or documentation to clear up any findings.
Topics Covered In Our Package
Oregon exam questions and our comprehensive glossary cover all real estate topics, including:
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Real Estate Exam Content Description
As previously mentioned, there is no single national real estate exam or program of study to become a Real Estate Agent. In order to qualify to take your states real estate licensing exam, you will first have to complete a state-specific prelicensing education program. The specific course curriculum and number of hours required is determined by the real estate commission in your home state.
Once you have qualified to take the exam, you will then prepare for and take a state-administered real estate licensing exam. For most candidates, this exam will include a national portion as well as a state-specific portion. For both portions of the exam, you will be asked to show knowledge and proficiency in real estate policies, practices, terminology, responsibilities, and expectations.
In general, you should expect your real estate licensing exam to be around 100-150 multiple choice questions this includes about 60-80 state-specific questions, and about 80-100 questions related to generally universal real estate concepts. You will have between 2-4 hours to complete your exam. You should expect questions involving any or all of the following content areas:
- Real Property Characteristics
- Real Property Environmental Issues
Make sure to check your states specific real estate exam requirements to know exactly what you should expect.
How Many Questions Are On The Oregon Real Estate Exam
According to the Candidate Information Bulletin, there are 130 scored questions. However, you may see an additional five to ten questions when taking the real estate exam.
The extra items are experimental questions that are mixed in with the rest. These questions wont impact your score.
The state is testing them to see if these are good questions before using them as scored items later on.
The 130 scored items are divided into two timed portions as follows:
- Eighty questions are in the national portion covering general real estate principles and practices common to many other states.
- The state section, which focuses on real estate rules and laws specific to Oregon, contains 50 questions.
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