863-024-0095 Business Name Registration (1) Before managing rental real estate in any name, a licensed property manager or principal broker must first register the business name with the Agency using the online process available through the Agency’s website. For the purposes of this rule, "registered business name" means any name under which rental real estate is managed, including the licensee’s legal name, an assumed name, or the name of a business entity, such as a corporation, partnership, limited liability company, or other business entity recognized by law. A licensee must maintain the registered business name with the Oregon Secretary of State’s Corporation Division for any name other than the licensee’s legal name. (2) To register a business name, the licensed property manager or principal broker must submit to the Agency in an online application, the following: (a) The business name in which the licensed property manager wishes to conduct business, which must be the exact name on file with the Oregon Secretary of State or licensee’s legal name; (b) Written authority by which the licensed property manager is authorized to use the business name; (c) For any name used other than the licensee’s legal name, a valid, active Oregon Secretary of State Business Registry number; and (d) The fee authorized by ORS 696.270. (3) Upon registering a business name, a principal broker becomes a managing principal broker. (4) Any change in the business name registered with the Agency must be submitted through an online application on the Agency website with the applicable fee authorized by ORS 696.270. (5) If a licensed property manager or managing principal broker wishes to transfer the right to use a business name that is registered with the Agency, the licensed property manager or principal broker acquiring the right to use the name must file a change of business name registration with the Agency together with the fee authorized by ORS 696.270. A licensee must notify the Agency in writing if the licensee terminates its use of a business name. Upon acquiring a registered business name, a principal broker becomes a managing principal broker. (6) A business name registration becomes void when: (a) The Agency receives an online application to void the registration; (b) The registration expires; or (c) When no licensees are affiliated with the registered business name. (7) A voided business name registration may be reactivated by reapplying for the registration and paying the fee authorized in ORS 696.270, unless a new user has registered the business name. (8) Except as provided in OAR 863-024-0085, no licensed property manager may engage in the management of rental real estate under more than one registered business name. An exception to this requirement is that a licensed property manager may engage in the management of rental real estate under more than one registered business name if the business entity is an affiliated or subsidiary organization as described in OAR 863-024-0061. (9) The initial registration term will expire on the last day of initial month of registration. The initial term is not less than 12 months and is not more than 12 months plus the number of days between the date the registration is issued and the last day of the initial registration Statutory/Other Authority: ORS 696.385 Statutes/Other Implemented: ORS 696.026 & 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 5-2014, 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 7-2008, f. 12-15-08, cert. ef. 1-1-09