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What is the entry-level real estate license in Oregon?

Broker license

Salesperson license

Associate broker license

Provisional license

to track

2026 Statistics

Key Facts: OR Real Estate Exam

130 Q

Exam Length

PSI OR candidate bulletin

80 + 50

National + State Split

PSI OR candidate bulletin

75%

Passing Score (Each Section)

OREA

150 hrs

Pre-License Education

OREA licensing requirements

$75

Exam Fee (PSI)

PSI OR fee schedule

30 hrs/2yr

CE Renewal Requirement

OREA (biennial renewal)

Oregon uses 'Broker' (not 'Salesperson') as the entry-level real estate license — all new licensees are Brokers. The PSI exam has 80 national questions (105 min) + 50 Oregon state questions (75 min) = 130 scored total; both sections require 75% to pass. Pre-licensing: 150 hours of OREA-approved education. After passing, affiliate with a Principal Broker within 1 year. Key OR topics: Disclosed Limited Agency (ORS 696.815) replaces traditional dual agency; trust accounts under ORS 696.241 require 5-business-day deposit and monthly reconciliation; Seller's Property Disclosure under ORS 105.464 uses 'actual knowledge' standard; Oregon's land use planning system with Urban Growth Boundaries and Exclusive Farm Use (EFU) zoning; SB 608 statewide rent control (7% + CPI cap, 15-year exemption for new buildings); biennial license renewal with 30 hours CE. HB 3137 (effective Jan 1, 2026) created the Managing Principal Broker designation and new Timeshare Sales Agent license.

Sample OR Real Estate Practice Questions

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1What is the entry-level real estate license in Oregon?

A.Broker license

B.Salesperson license

C.Associate broker license

D.Provisional license

Explanation: Oregon uses the term "broker" for its entry-level real estate license — unlike most states that use "salesperson." A broker must work under the supervision of a principal broker. Oregon eliminated the salesperson designation when it restructured its licensing system under ORS Chapter 696.

2Which Oregon state agency regulates real estate brokers and principal brokers?

A.Oregon Real Estate Agency (OREA)

B.Oregon Department of Commerce

C.Oregon Real Estate Commission

D.Oregon Business Licensing Agency

Explanation: The Oregon Real Estate Agency (OREA) is the state agency responsible for licensing and regulating real estate brokers, principal brokers, property managers, and timeshare sales agents under ORS Chapter 696. The agency is led by the Real Estate Commissioner appointed by the Governor.

3How many hours of pre-license education are required to obtain an Oregon broker license?

A.150 hours

B.90 hours

C.60 hours

D.180 hours

Explanation: Oregon requires 150 hours of OREA-approved pre-license education for a broker license. This includes courses covering real estate principles and practices. The coursework must be completed before sitting for the licensing examination.

4What is the passing score required on the Oregon real estate broker licensing exam?

A.75% on both national and state portions

B.70% on both portions

C.60% on both portions

D.80% on the state and 70% on the national portion

Explanation: Oregon requires a minimum passing score of 75% on both the national portion (80 questions, 150 minutes) and the Oregon state-specific portion (50 questions, 90 minutes). Candidates must pass each section independently.

5How many scored questions are on the Oregon real estate broker exam?

A.130 questions (80 national + 50 state)

B.120 questions (80 national + 40 state)

C.150 questions (100 national + 50 state)

D.110 questions (80 national + 30 state)

Explanation: The Oregon real estate broker exam has 130 scored questions: 80 on the national portion and 50 on the Oregon state-specific portion. PSI administers the exam. Additional unscored experimental questions may also appear.

6What is the exam fee for the Oregon real estate broker licensing exam?

A.$75

B.$50

C.$100

D.$150

Explanation: The exam fee for the Oregon real estate broker licensing exam administered through PSI is $75. This fee is paid directly to PSI when scheduling the exam and is separate from any license application fees paid to OREA.

7Under Oregon law, which of the following license types did NOT exist before January 1, 2026?

A.Timeshare Sales Agent

B.Principal Broker

C.Property Manager

D.Broker

Explanation: The Timeshare Sales Agent license is a new limited-scope license created effective January 1, 2026 under HB 3137. Before 2026, anyone selling timeshares in Oregon was required to hold a standard broker or principal broker license. The new timeshare sales agent license is specifically for timeshare sales activity only.

8In Oregon, a broker must work under the supervision of a:

A.Principal broker

B.Managing broker

C.Designated broker

D.Supervising broker

Explanation: Oregon brokers must work under the supervision of a licensed principal broker. The principal broker is responsible for the conduct of all brokers affiliated with them under ORS 696.301. A broker may not operate independently — they must always be associated with a principal broker.

9How many hours of experience as an active Oregon broker are required before applying for a principal broker license?

A.3 years (1,500 hours) of active brokerage

B.2 years of active brokerage

C.5 years of active brokerage

D.1 year with 100 completed transactions

Explanation: Oregon requires at least 3 years (equivalent to 1,500 hours of documented experience) as an active licensed broker before applying for a principal broker license. Applicants must also complete additional principal broker pre-license education and pass the principal broker exam.

10What are Oregon's continuing education requirements for broker license renewal?

A.30 hours every 2 years including 2 hours LARRC and 2 hours fair housing

B.24 hours every 2 years

C.15 hours per year

D.30 hours per year

Explanation: Oregon requires 30 hours of approved continuing education for every 2-year renewal period. Required courses include the 2-hour Law and Rule Required Course (LARRC), 2 hours of state and federal fair housing, and 26 hours of elective topics. The LARRC changes each renewal cycle to cover current legal updates.

About the OR Real Estate Exam

The Oregon real estate broker exam covers national real estate fundamentals plus Oregon-specific topics including OREA licensing requirements (ORS Chapter 696), Oregon's unique Disclosed Limited Agency framework (ORS 696.815), trust account rules (5-business-day deposit requirement), seller property disclosures (ORS 105.464-105.475), Oregon's land use planning system (Urban Growth Boundaries, EFU zoning), statewide rent control (SB 608), and the 2026 HB 3137 changes introducing the Managing Principal Broker concept and Timeshare Sales Agent license.

Questions

130 scored questions

Time Limit

4 hours total

Passing Score

75% on each section

Exam Fee

$75 (Oregon Real Estate Agency (OREA) / PSI)

OR Real Estate Exam Content Outline

30%

Oregon License Law & OREA

OREA structure and powers (ORS Ch. 696), 150-hr pre-license education, broker vs principal broker vs property manager license types, Managing Principal Broker (HB 3137), license application and fees, principal broker affiliation (within 1 year), license renewal (biennial), 30 hrs CE, advertising rules, disciplinary sanctions, OREA investigation process, reinstatement

28%

Oregon Agency & Disclosures

Disclosed Limited Agency (ORS 696.815) — Oregon's framework replacing dual agency; agency relationships, agency disclosure timing and form requirements, seller's property disclosure (ORS 105.464-105.475, 'actual knowledge' standard), mandatory disclosure exceptions (foreclosures, auctions, estate sales), stigmatized property rules, material facts, team advertising (HB 3137)

22%

Trust Accounts & Transactions

Trust account requirements (ORS 696.241): 5-business-day deposit rule, monthly reconciliation, 6-year record retention, single trust account per principal broker; earnest money handling, purchase agreements, listing agreements, Oregon-specific contract clauses, escrow, closing procedures, RESPA/TRID compliance, 1031 exchanges, promissory notes

20%

Oregon Property Law & Special Topics

Oregon land use planning (SB 100, 19 statewide goals, Urban Growth Boundaries, EFU zoning), statewide rent control SB 608 (7% + CPI, 15-year exemption, just-cause eviction), Oregon landlord-tenant (ORS Ch. 90), condominiums and common interest communities, timeshare regulations and new Timeshare Sales Agent license (HB 3137), property tax assessment (Measure 50 limits), water rights, homestead exemption, fair housing

How to Pass the OR Real Estate Exam

What You Need to Know

Passing score: 75% on each section
Exam length: 130 questions
Time limit: 4 hours total
Exam fee: $75

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

OR Real Estate Study Tips from Top Performers

1Remember Oregon's unique terminology: 'Broker' is the entry-level license (not Salesperson), and 'Principal Broker' is the supervisory level

2Master Disclosed Limited Agency (ORS 696.815): Oregon's replacement for dual agency — requires written consent of BOTH parties before proceeding

3Know the trust account 5-business-day deposit rule under ORS 696.241 — this is frequently tested and 'business days' (not calendar days) is the key distinction

4Study Oregon's seller property disclosure under ORS 105.464: uses 'actual knowledge' standard, and certain transactions (foreclosures, auctions, estate sales) are exempt

5Understand HB 3137 (Jan 1, 2026): new Managing Principal Broker designation, Timeshare Sales Agent license, team advertising rules — these are 2026 updates on the exam

6Know SB 608 rent control: 7% + CPI cap annually, exempts buildings under 15 years old, requires 'just cause' for eviction of established tenants

7Study Oregon's land use system: SB 100 (1973), Urban Growth Boundaries separate urban from rural land, EFU (Exclusive Farm Use) zoning protects agricultural land — appears on state portion

Frequently Asked Questions

How many questions are on the Oregon real estate broker exam?

The Oregon PSI exam has 130 scored questions: 80 on the national portion (105 minutes) and 50 on the Oregon state-specific portion (75 minutes), for 3 hours total. Both sections require a passing score of 75%. There may also be a small number of unscored pretest questions embedded in the exam. PSI administers the exam at testing centers throughout Oregon.

Does Oregon have a 'salesperson' license?

No. Oregon uses 'Broker' as the entry-level real estate license — there is no 'Salesperson' title in Oregon. Entry-level Brokers must affiliate with a Principal Broker within one year of licensure. After two years of active broker experience, brokers may apply to become Principal Brokers, who can operate independently or supervise other brokers. HB 3137 (effective January 1, 2026) added a 'Managing Principal Broker' designation for Principal Brokers who supervise broker teams.

What is Disclosed Limited Agency in Oregon?

Disclosed Limited Agency (DLA) under ORS 696.815 is Oregon's framework for representing both buyer and seller in the same transaction — what most states call 'dual agency.' In Oregon, a principal broker (or multiple brokers within the same brokerage) can represent both parties only with the informed written consent of both the buyer and seller. The agent's duties are 'limited' in that they cannot advocate full price for the seller or lowest price for the buyer. Oregon's DLA form must be signed before substantive agency duties begin.

What are Oregon's trust account requirements?

Under ORS 696.241, Oregon real estate trust accounts must: (1) deposit all earnest money and client funds within 5 business days of acceptance; (2) be reconciled monthly; (3) retain all records for 6 years; and (4) be maintained by the principal broker. Only one trust account per principal broker is required, but additional accounts are permitted. Commingling client funds with personal funds is strictly prohibited and grounds for license revocation.