How to Get Your Oregon Real Estate License

Oregon offers Broker (entry-level) and Principal Broker licenses under ORS Chapter 696, regulated by OREA.

Broker (Entry-Level) License Requirements

• Be at least 18 years old
• Have a high school diploma or GED
• Complete 150 hours of OREA-approved pre-licensing education
• Pass the Oregon real estate Broker exam through PSI
• Submit a Broker license application
• Complete fingerprint-based background check
• Affiliate with an Oregon-licensed Principal Broker

Post-Licensing (30 hours within first year)

Oregon Brokers must complete 30 hours of post-licensing education within the first year.

Principal Broker License Requirements

• Hold an active Broker license for at least 3 years
• Have demonstrable active practice during those 3 years
• Complete 40 hours of additional broker pre-licensing
• Pass the Principal Broker exam
• Submit a Principal Broker license application

Continuing Education

Oregon requires 30 hours of CE every 2 years to renew. Mandatory topics include law update.

Reciprocity

Oregon has limited reciprocity. Out-of-state licensees should check with OREA.

Step 1: Confirm your sponsoring Principal Broker

You cannot operate as a licensed Broker without affiliating with an Oregon-licensed Principal Broker.

Step 2: Submit your license application via OREA

Required: passing scores, completed application, license fee, sponsoring Principal Broker, background check.

Step 3: Background check

Oregon requires fingerprint-based background checks.

Step 4: Wait for license issuance

OREA processes complete applications within 2-4 weeks.

Step 5: Post-licensing (30 hours within first year)

Oregon Brokers must complete 30 hours of post-licensing within the first year.

Step 6: Continuing education

After post-licensing, Oregon requires 30 hours of CE every 2 years.

Realistic income expectations

Median Oregon Broker earns roughly $50,000. Principal Brokers $70,000+.

• Year 1: $25K-$45K
• Year 2-5: $45K-$80K
• Top 25%: $80K-$200K+
• Top 5% (Portland metro, Bend): $200K+

Portland metro is competitive but high-volume. Bend has experienced rapid growth and high prices. Coastal markets and smaller cities offer lifestyle business opportunities.

The first 30 days

Week 1: Set up MLS access, learn brokerage CRM. Week 2: Send "I'm now licensed" announcement. Week 3: Shadow your Principal Broker. Week 4: Start prospecting and schedule post-licensing.