863-024-0060 Limited Licenses and Renewal (1) If the Commissioner issues an individual a limited license under ORS 696.130, the licensee may submit a written request for an unrestricted license after the period of limitation. The request must include the endorsement of the authorized principal broker or licensed property manager , if applicable. (2) Issuance of an unrestricted license is dependent on Agency review and approval including the results of an inquiry on the licensee, including but not limited to a check through the Law Enforcement Data System. (3) A limited licensee may only submit a license renewal application and pay the fee using an online application process, which is available through the Agency’s website. (4) For purposes of this rule, “received by the Agency” means the date a licensee completed the online renewal process and paid the fee required under ORS 696.270. (5) A limited property manager license expires if a licensee fails to renew the license on or before the license expiration date. A licensed property manager may not engage in the management of rental real estate after a license expires. A licensed property manager may renew an expired license as provided in this rule. (6) The Agency may renew a limited property manager license to active status for the term prescribed in OAR 863-024-0030 when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online active renewal application that includes course information entered by the licensee demonstrating that the licensee has met the license renewal continuing education requirements under section OAR 863-020-0010. (7) The Agency may renew a limited property manager license to inactive status for the term prescribed in OAR 863-024-0030, when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online inactive renewal application. (8) The Agency may renew an inactive limited property manager license to inactive status for the term prescribed in OAR 863-014-0030, when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online inactive renewal application. (9) The Agency may renew an inactive limited property manager license to active status for the term prescribed in OAR 863-014-0030, when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; (b) An online active renewal application that includes course information entered by the licensee demonstrating that the licensee has met the license renewal continuing education requirements under OAR 863-020-0010; (c) An online transfer application, available through the Agency’s website, completed by the receiving property manager under OAR 863-014-0063, if applicable; and (d) An endorsement in writing from the receiving property manager acknowledging the limited license status and accepting the terms outlined in the stipulated final order. (10) The Agency may renew an expired limited property manager license to active limited status when the Agency receives, within one year of the date the license expired, the following: (a) The renewal fee and a late fee authorized by ORS 696.270; (b) An online active renewal application that includes course information entered by the licensee demonstrating that the licensee met the license renewal continuing education requirements under OAR 863-020-0010; (c) An online license transfer application, available through the Agency’s website, completed by the receiving property manager under OAR 863-014-0063; and (d) An endorsement in writing from the receiving property manager acknowledging the limited license status and acceptance of the terms outlined in the stipulated final order. (11) The Agency may renew an expired limited property manager license to inactive limited license status when the Agency receives, within one year of the date the license expired, the following: (a) The renewal fee and a late fee authorized by ORS 696.270; and (b) An online inactive renewal application. (12) When the Agency renews an expired limited license, the renewed license is effective the date the renewal requirements are met. The renewal is not retroactive to the date the license expired and an expired license retains the status of expired during the expiration period. (13) A limited license renewed under this rule expires two years from the date of the original expiration date. (14) A limited real estate license that has expired for more than one year is lapsed, as defined in ORS 696.010. (15) A limited license may not be renewed if it is lapsed, surrendered, suspended, or revoked. Except as provided in OAR 863-014-0075, the former licensee must reapply and meet all the licensing qualifications required of new license applicants. Statutory/Other Authority: ORS 696.385 Statutes/Other Implemented: ORS 696.020, ORS 696.022 & ORS 696.125 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 7-2008, f. 12-15-08, cert. ef. 1-1-09