863-014-0040 Principal Real Estate Broker Licensing Requirements (1) To be eligible for a principal real estate broker license, an individual must complete the following steps in the order listed: (a) Submit an online license application and pay the fee to the Agency required by OAR 863-014-0010. The license application must include proof satisfactory to the Agency that the applicant has three years of active licensed real estate experience. (b) If the applicant is not an active, inactive, or expired Oregon real estate broker licensee and has not completed the current required courses of study for a real estate broker license, the applicant must complete such required courses under OAR 863-022-0010. (c) Ensure that the school providing the courses of study for a real estate broker license under (b) of this section certifies to the examination provider that the applicant completed the course as required by OAR 863-014-0020. (d) Successfully complete the brokerage administration and sales supervision course required by OAR 863-022-0025. (e) Ensure that the school providing the brokerage administration and sales supervision course certifies to the examination provider that the applicant completed the course as required by OAR 863-014-0020. (f) Pay the fee to the examination provider and take and pass the principal broker examination required by OAR 863-014-0020. (g) If the applicant is not an active , inactive, or expired Oregon real estate licensee, provide fingerprints for a criminal background check and pay the fee to the fingerprint services provider as required by OAR 863-014-0015. (2) If the applicant is required to submit fingerprints under (1) of this rule, the Agency will complete a background check on the applicant, which includes a criminal background check, as required by OAR 863-014-0015. (3) After the requirements in (1) and (2) of this rule are met: (a) Using an online application through the Agency’s website, the applicant must register a business name as provided in (4) of this rule; or (b) Using an online application available through the Agency’s website, an authorized principal broker must transfer the applicant to the managing principal broker’s active registered business name under OAR 863-014-0063 . Upon transfer, the principal broker becomes associated with the managing principal broker as provided by ORS 696.022. (4) If an applicant wishes to conduct professional real estate activity under a business name registered by the applicant, the applicant must first meet all of the remaining qualifications to obtain the principal broker license and then register a business name under OAR 863-014-0095. Upon registration, the applicant becomes a managing principal broker. (5) If the applicant’s qualifications for three years of active experience are based wholly or partially upon an active real estate license held in another state, the applicant must furnish certification of active license history issued by the state(s) where acquired. (6) A currently licensed real estate broker who previously held a principal broker license and wishes to be licensed as a principal broker again must apply for a principal broker license, pay the required fee and meet all the current qualifications under this rule. Statutory/Other Authority: ORS 696.385 Statutes/Other Implemented: ORS 696.020, ORS 696.022 & Chapter 389, (2025 Laws) 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 4-2014, f. 4-14-14, cert. ef. 4-28-14 REA 7-2011, f. & cert. ef. 11-15-11 REA 6-2011, f. 8-15-11, cert. ef. 9-1-11 REA 3-2011(Temp), f. & cert. ef. 6-22-11 thru 12-1-11 REA 1-2010, f. 6-14-10, cert. ef. 7-1-10 Renumbered from 863-015-0040, REA 5-2008, f. 12-15-08, cert. ef. 1-1-09 Reverted to REA 3-2003, f. 7-28-03, cert. ef. 8-1-03 REA 2-2005(Temp), f. 6-9-05, cert. ef. 7-1-05 thru 12-26-05 REA 3-2003, f. 7-28-03, cert. ef. 8-1-03 REA 1-2003(Temp), f. 2-27-03, cert. ef. 2-28-03 thru 8-27-03 REA 1-2002, f. 5-31-02, cert. ef. 7-1-02