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Oregon · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 OregonClient and escrow money received by a brokerage must be deposited promptly into a designated clients' trust account and kept separate from the firm's own funds, with the principal broker accountable for proper handling and record-keeping. Commingling trust funds with personal or business money is a serious violation that can lead to discipline by OREA. Oregon real estate licenses are renewed every two years, and licensees must complete required continuing education during each renewal cycle to keep the license active. Maintaining accurate transaction and trust-account records is part of staying in compliance at renewal.
Yes. State License Law is a scored domain on the Oregon real estate licensing exam, and this topic appears in the state license-law portion.
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Oregon applies its own license law on top of the national portion. This page covers the Oregon rules specifically, which is what the state section of your exam tests.