Oregon § 696.320 Effect of suspension or revocation of principal broker license on associated licensees

Oregon Statutes

§ 696.320 — Effect of suspension or revocation of principal broker license on associated licensees

Oregon § 696.320

Vol.17

Title 52Occupations and Professions

Ch. 696Real Estate and Escrow Activities

This text of Oregon § 696.320 (Effect of suspension or revocation of principal broker license on associated licensees) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 696.320 (2026).

Text

The suspension or revocation of a managing principal broker’s license renders inactive every license of the real estate brokers and timeshare sales agents engaged by the managing principal broker pending a transfer of the license. The Real Estate Agency shall transfer a license rendered inactive under this section if the real estate licensee requests a transfer within 30 days after the effective date of the suspension or revocation of the managing principal broker’s license and pays a transfer fee.

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The suspension or revocation of a managing principal broker’s license renders inactive every license of the real estate brokers and timeshare sales agents engaged by the managing principal broker pending a transfer of the license. The Real Estate Agency shall transfer a license rendered inactive under this section if the real estate licensee requests a transfer within 30 days after the effective date of the suspension or revocation of the managing principal broker’s license and pays a transfer fee.

Legislative History

Amended by 1969 c.674 §18; 1975 c.746 §24; 1977 c.649 §43; 1981 c.617 §15b; 1989 c.724 §10; 2001 c.300 §32; 2005 c.116 §9; 2025 c.39 §16; 2025 c.389 §23