[Principal Broker with Out-of-State Experience] Broker Pre-License with Brokerage Admin and Sales Supervision and Exam Prep

Brokerage Administration and Sales Supervision ("BASS" or the "principal broker course") is the required 40 hour prerequisite course for if you are a broker who wants to become a principal broker. This course can also be used as continuing education for broker or principal broker license renewal.

The course is in two parts:

Part 1 introduces you to topics dealing with the operation of a real estate brokerage. These topics include:

1. Management of a Brokerage
2. Business Planning
3. Broker Supervision
4. Advertising
5. Real Estate Office and Regulatory Requirements
6. Financial Records Trust Accounting
7. Financial Records and Reports - Non-Trust Account
8. Non-Financial Records and REA Audits

Part II is a review of the topics to be found on the Oregon principal broker licensing exam. These topics include:

1. Agency
2. Contracts
3. Real Estate Law
4. Practices
5. Brokerage
6. Finance
7. Property Management

How To Get A Principal Broker License In Oregon

To obtain a principal broker real estate license from the Oregon Real Estate Agency you must do the following:

1. Enroll in the OnlineEd Brokerage Administration and Sales Supervision course; Submit your principal broker license application to the Oregon Real Estate Agency sometime before completion of your coursework.
2. Complete your course and confirm with OnlineEd that you have submitted your principal broker license application to the Oregon Real Estate Agency.
3. OnlineEd will then upload your electronic eligibility file and required personal information to PSI, the licensing exam proctor.
4. Schedule and pay for your licensing examination by contacting PSI as instructed upon course completion.
5. Sit for the licensing exam at the PSI location you select from the PSI web site.
6. When you pass the licensing exam, you will receive an email from the Oregon Real Estate Agency containing a website link for you to print out your principal broker real estate license.

Before you can obtain an Oregon Principal Broker license, you must be 18 years of age or older and have a high school diploma or GED equivalent. You also need to have at least 3 years of active real estate experience as a licensed real estate broker. (Oregon Administrative Rules 863-014-0040)

If you never passed an Oregon background check, the Oregon Real Estate Agency may require you to submit fingerprints and clear their background check process.

If you are a licensed Oregon real estate broker, the Oregon Real Estate Agency has records and proof of your past 3 years of real estate experience on-file. If you are licensed in a different state, then the REA will require you to submit a certified license history from that state.

This course is a study guide to help you pass the Oregon real estate licensing exam. It is not required educational credit towards your course completion, but it will assist you with enforcing the topics covered in the OnlineEd pre-license courses. Completing this course is optional; the module is noninstructed.

This Oregon real estate license exam prep course covers the following topics:

• Oregon Real Estate License Law
• Oregon Administrative Rules
• Law of Agency
• Contract Law
• Listing Agreements
• Earnest Money Agreements
• Oregon Finance and Taxes
• Options
• Title
• Closing
• Real Property Law
• Estates
• Encumbrances
• Acquisition
• Real Estate Finance
• Real Estate Mathematics
• Private Property Regulations
• Subdivision Regulations
• Condominium Regulations
• Valuation and Appraisal
• Property Management
• Legal Descriptions
• Documents and Settlement Statements

Each chapter contains a study exam of multiple choice question. You can retake the exams for additional practice as many times as you like until you feel comfortable with the study exam subjects.

At the end of the exam prep course is a practice licensing exam that simulates the Oregon real estate licensing exam of 130 random questions in 3 hours and 15 minutes, which can be attempted as many times as you'd like. Each attempt will serve a new set of 130 questions.

Course providers are NOT allowed to know the exact questions examinees will see on their actual licensing exam. This study course is to help applicants become familiar with all aspects of the real estate industry before registering to take the state licensing exam.

Catalog Effective Date: January 1, 2024

Course Description and Course Details

The Course

As a pre-license candidate, Oregon requires you to complete a 150-hour real estate broker pre-license course. This 150-hour course is made up of seven required individual courses we call "modules." These seven modules are:

1. Agency (15 hours)

2. Contracts (15 hours)

3. Real Estate Law (30 hours)

4. Practices (30 hours)

5. Brokerage (20 hours)

6. Finance (30 hours)

7. Property Management (10 hours)

Each module is further divided into smaller sections called "segments." Throughout the segments there are activities for you to complete, including audio/visual presentations, reading assignments, and simple learning assessments. At the end of each module, you are presented with a final learning assessment. These seven module final learning assessments are required by the Oregon Real Estate Agency in order to demonstrate competency in the subject matter of the modules. For the most part, these assessments are made from multiple choice questions. Once you pass a module final assessment with a minimum score of 75%, you are granted access to the next module.

While the course and our delivery method will adequately prepare you for your module final learning assessments, your OnlineEd Certified Designated Course Instructor is also available to help you prepare or review your results.

The course is available in English-only.

Price and Enrollment Procedures

The cost of your course represents tuition and fees. Fees are detailed in the course enrollment terms of service. If a payment plan is needed, you would like to apply for a veteran discount, or if you plan to pay using an assistance program, please call our business office, toll free, at (866) 519-9597 and ask to speak with the School Director's Office.

To enroll online, just add the course to your shopping cart and follow the instructions. For more information please visit https://www.onlineed.com/catalog/46/Oregon-Real-Estate-Broker-Pre-License . You can enroll in the course online or by telephone. To enroll by telephone, just call our business office at (503) 670-9278 or toll free at (866) 519-9597, Monday through Friday, 9:00 AM to 4:30 PM.

To enroll online, just go to https://www.onlineed.com/, click on View & Buy Courses, select your course, and proceed to checkout. Enrollment online is available at any time and includes an automated tour of the course and delivery method. Once you are enrolled, you may begin your course immediately. The course is delivered wholly online, so there isn't any waiting for anything to be delivered.

Course Instructor and Applicant Support

Upon enrollment, you will be attached to an OnlineEd Designated Certified Course Instructor. Each OnlineEd Certified Course Instructor is an Oregon resident, licensed as Oregon Higher Education Coordinating Commission vocational instructor, approved as an instructor by the Oregon Real Estate Agency, an Oregon licensed real estate principal broker, has been awarded the CDEi™ (Certified Distance Education Instructor) by the International Certified Distance Education Certification Center; and was rigorously vetted, approved, and trained by OnlineEd to meet our requirements for online course instruction and receive our designation of Certified Course Instructor.

Your instructor is available for you to contact either by telephone or email, during scheduled hours, whenever you think contact will be helpful to review or explain course content or quizzes. Your instructor will also automatically review course assessments to make sure you understand course concepts. Our course is delivered as adult education, so you can use your instructor as little or as much as you like.

OnlineEd's course Instructor is licensed Oregon principal real estate broker Marie Due. Ms. Due is an Oregon real estate license subject matter expert and assists with ongoing development and instruction of the OnlineEd course materials. 

Technical support questions should be directed to OnlineEd, LLC. and not the instructor. Students are not required to use this service. OnlineEd reserves the right refuse instructor support to students that abuse this service.

Deadlines

You can complete your Oregon real estate exam prep and broker training at your own pace, but must finish it within the 365 calendar day enrollment period. If you do not finish within the enrollment period, your course will expire and no longer be accessible to you.

Enrollment Extensions

If your Oregon real estate & broker training course expires, you may extend it for one-time only. Extensions are for 60 days from the date of the end of the original enrollment period (not from the date the extension is requested) and must be accompanied by the applicable extension fee. If you withdraw from the course or request a refund, and then want to continue the course, you must enroll in the course again, at the current catalog price, and start over from the beginning. Should you have a medical emergency, death in the family, or other extenuating circumstance that prevents you from completing your course during its enrollment period, you may petition the School Director for a one-time Extenuating Circumstance Extension Fee Waiver. Extenuating Circumstance Extension Fee Waivers are not automatic, are at the option of the School Director, and should be directed to the School Director's Office at: schooldirector@onlineed.com.

Equipment Required

With exception of instructor support offered by telephone and email, the course, its materials, and delivery system are entirely over the Internet. In order to be able to access and complete the course, you will need access to the Internet and an Internet-ready computer system, including a CPU, monitor, keyboard, and mouse. Our OnlineEd delivery method works with all modern web browsers and operating systems. 

The course may be read online, be printed to your printer, or saved to disc. Most chapters are also available in MP3 audio format. If you would like a printed soft-bound book copy of the course for study or reference, select a course package that includes a book or purchase one at catalog price, plus shipping. Regardless of your study method, the course must be completed online.

How To Get An Oregon Real Estate Broker License

To conduct professional real estate activity in Oregon you must obtain a real estate license from the Oregon Real Estate Agency. This can be done by following these steps:

1. Enroll in the OnlineEd course;

2. Submit a license application and pay the licensing fee (presently $300*) to the Oregon Real Estate Agency sometime before completion of your coursework;

3. Complete your OnlineEd Oregon real estate pre-license training course and confirm with us that you have submitted your license application to the Oregon Real Estate Agency by providing the nine digit ID# given to by you by the agency once they receive your license application;

4. We will upload your licensing exam eligibility file and required personal information to PSI, the licensing exam proctor;

5. Schedule and pay for your licensing examination (presently $75*) by contacting PSI through their web site;

6. Sit for and pass the licensing exam at the PSI location and time you select through the PSI web site;

7. At the PSI exam center, if you pass the licensing exam, complete and pay for the background authorization form and fingerprinting (presently $61.25*);

8. Pass your background check;

9. Find an office to work for and notify the Oregon Real Estate Agency; and

10. Activate and print your license!

(*OnlineEd accepts no responsibility for price increases by third parties, which do change from time-to-time. We provide them here to only let you know there are other costs associated with the licensing process.)

The fingerprints collected at the PSI testing center are sent electronically to the Oregon Real Estate Agency, who then digitally transfers them to law enforcement for processing. If you pass the licensing exam AND background check, you will receive an email from the Oregon Real Estate Agency with a hyperlink to access your license.

Agency Information

Oregon Real Estate Agency (website)
503-378-4170
530 Center Street NE, Suite 100, Salem, OR 97301

Oregon Higher Education Coordinating Commission (website)
503-947-5751
3225 25th Street SE, Salem, OR 97302