2021 Oregon Revised Statutes
Chapter 696 - Real Estate and Escrow Activities
Section 696.030 - Exemptions.


(1)(a) A nonlicensed individual who is a full-time employee of an owner of real estate and whose real estate activity:
(A) Involves only the real estate of the employer; and
(B)(i) Is incidental to the employee’s normal, nonreal estate activities; or
(ii) Is the employee’s principal activity, but the employer’s principal activity or business is not the sale, exchange, lease option or acquisition of real estate.
(b) For the purpose of this subsection, "owner of real estate" means:
(A) A person who has a sole ownership interest in the real estate; or
(B) More than one person, each of whom has an ownership interest in the real estate, if the ownership interest is by survivorship, tenancy in common or tenancy by the entirety.
(2) A nonlicensed individual who acts as attorney in fact under a duly executed power of attorney from the owner or purchaser authorizing the supervision of the closing of or supervision of the performance of a contract for the sale, leasing or exchanging of real estate if the power of attorney was executed prior to July 1, 2002, in compliance with the requirements of law at the time of execution or if:
(a) The power of attorney is recorded in the office of the recording officer for the county in which the real estate is located;
(b) The power of attorney specifically describes the real estate; and
(c) The nonlicensed individual does not use the power of attorney as a device to engage in professional real estate activity without obtaining the necessary real estate license.
(3) A nonlicensed individual who acts as attorney in fact under a duly executed power of attorney in which the authorized agent is the spouse of the principal, or the child, grandchild, parent, grandparent, sibling, aunt, uncle, niece or nephew of the principal or of the spouse of the principal, authorizing real estate activity if the power of attorney is recorded in the office of the recording officer for the county in which the real estate to be sold, leased or exchanged is located.
(4) A nonlicensed individual who is an attorney at law rendering services in the performance of duties as an attorney at law.
(5) A nonlicensed individual who acts in the nonlicensed individual’s official capacity as a receiver, a conservator, a trustee in bankruptcy, a personal representative or a trustee, or a regular salaried employee of the trustee, acting under a trust agreement, deed of trust or will.
(6) A nonlicensed individual who performs an act of professional real estate activity under order of a court.
(7) A nonlicensed individual who is a regular full-time employee of a single corporation, partnership, association, limited liability company or nonlicensed individual owner of real property acting for the corporation, partnership, association, limited liability company or nonlicensed individual owner in the rental or management of the real property, but not in the sale, exchange, lease option or purchase of the real property.
(8) A nonlicensed individual who is a registered professional engineer or architect rendering services in performance of duties as a professional engineer or architect.
(9) A nonlicensed individual who is employed by a principal real estate broker engaged in the management of rental real estate or by a licensed real estate property manager and who acts on behalf of the principal real estate broker or licensed real estate property manager pursuant to a written delegation of the principal real estate broker’s or licensed real estate property manager’s authority, as provided by the agency by rule, if the real estate activity of the nonlicensed individual is limited to:
(a) Negotiating rental or lease agreements;
(b) Checking tenant and credit references;
(c) Physically maintaining the real estate;
(d) Conducting tenant relations;
(e) Collecting the rent;
(f) Supervising the premises’ managers;
(g) Discussing financial matters relating to the management of the real estate with the owner; and
(h) Receiving and disbursing trust funds in a clients’ trust account under ORS 696.241.
(10) A nonlicensed individual who sells or leases cemetery lots, parcels or units while engaged in the disposition of human bodies under ORS 97.010 to 97.040, 97.110 to 97.450, 97.510 to 97.730, 97.810 to 97.920 and 97.990 or an employee of the nonlicensed individual performing similar activities.
(11) A nonlicensed individual who is a salaried employee of the State of Oregon, or any of its political subdivisions, engaging in professional real estate activity as a part of such employment.
(12) A nonlicensed individual who analyzes or provides advice regarding permissible land use alternatives, environmental impact, building and use permit procedures, development alternatives or demographic market studies or who performs development management, or a regular full-time employee of the nonlicensed individual performing similar activities. This exclusion does not apply to marketing, procuring prospects, leasing or the handling of transactional negotiations for transfer of an interest in real estate.
(13) An individual who is a hotelkeeper or innkeeper as defined by ORS 699.005 arranging the rental of transient lodging at a hotel or inn in the course of business as a hotelkeeper or innkeeper.
(14) A nonlicensed individual who is a travel agent arranging the rental of transient lodging at a hotel or inn as defined in ORS 699.005 in the course of business as a travel agent for compensation. For the purpose of this subsection, "travel agent" means a person, and employees of the person, regularly representing and selling travel services to the public directly or through other travel agents.
(15) A nonlicensed individual who is a common carrier arranging the rental of transient lodging at a hotel or inn as defined in ORS 699.005 in the course of business as a common carrier. For the purpose of this subsection, "common carrier" means a person that transports or purports to be willing to transport individuals from place to place by rail, motor vehicle, boat or aircraft for hire, compensation or consideration.
(16) A nonlicensed individual who is a hotel representative arranging the rental of transient lodging at a hotel or inn as defined in ORS 699.005 in the course of business as a hotel representative. For the purpose of this subsection, "hotel representative" means a person that provides reservations or sale services to independent hotels, airlines, steamship companies and government tourist agencies.
(17) A nonlicensed individual transferring or acquiring an interest in real estate owned or to be owned by the nonlicensed individual.
(18) A nonlicensed individual who is a general partner for a domestic or foreign limited partnership duly registered and operating within this state under ORS chapter 70 engaging in the sale of limited partnership interests and the acquisition, sale, exchange, lease, transfer or management of the real estate of the limited partnership.
(19) A nonlicensed individual who is a membership camping contract broker or salesperson registered with the Real Estate Agency selling membership camping contracts.
(20) A nonlicensed individual who is a professional forester or farm manager engaging in property management activity on forestland or farmland when the activity is incidental to the nonreal estate duties involving overall management of forest or farm resources.
(21) A nonlicensed individual who is a registered investment adviser under the Investment Advisers Act of 1940, 15 U.S.C. 80b-1 et seq., rendering real estate investment services for the office of the State Treasurer or the Oregon Investment Council.
(22) A nonlicensed individual who refers a new tenant for compensation to a real estate licensee acting as the property manager for a residential building or facility while the nonlicensed individual resides in the building or facility or within six months after termination of the nonlicensed individual’s tenancy.
(23) A nonlicensed individual who gives an opinion in an administrative or judicial proceeding regarding the value of real estate for taxation or representing a taxpayer under ORS 305.239 or 309.100.
(24) A nonlicensed individual acting as a paid fiduciary whose real estate activity is limited to negotiating a contract to obtain the services of a real estate licensee.
(25) A nonlicensed individual who is acting as a fiduciary under a court order, without regard to whether the court order specifically authorizes real estate activity.
(26) A nonlicensed individual who is a representative of a financial institution or trust company, as those terms are defined in ORS 706.008, that is attorney in fact under a duly executed power of attorney from the owner or purchaser authorizing real estate activity, if the power of attorney is recorded in the office of the county clerk for the county in which the real estate to be sold, leased or exchanged is located.
(27) A nonlicensed individual who is a member of a domestic or foreign limited liability company duly registered and operating within this state under ORS chapter 63 and who is engaging in the acquisition, sale, exchange, lease, transfer or management of the real estate of the limited liability company if:
(a) The limited liability company is member-managed; or
(b) The limited liability company is manager-managed, and the nonlicensed individual is a manager.
(28) A nonlicensed individual who is a partner in a partnership as defined in ORS 67.005 and who is engaging in the acquisition, sale, exchange, lease, transfer or management of the real estate of the partnership.
(29) A nonlicensed individual who is an officer or director of a domestic or foreign corporation duly registered and operating within this state under ORS chapter 60 and who is engaging in the acquisition, sale, exchange, lease, transfer or management of the real estate of the corporation. [Amended by 1955 c.322 §7; 1963 c.593 §1; 1967 c.277 §1; 1969 c.674 §2; 1975 c.746 §2; 1977 c.649 §11; 1979 c.125 §3; 1979 c.289 §1a; 1981 c.617 §4; 1985 c.639 §13; 1985 c.677 §64; 1991 c.5 §28; 1991 c.212 §1; 1993 c.18 §149; 1995 c.246 §1; 1997 c.307 §2; 1999 c.488 §2; 2001 c.300 §11; 2003 c.347 §1; 2005 c.116 §4; 2007 c.319 §7; 2009 c.136 §1; 2013 c.145 §10; 2017 c.234 §6; 2019 c.49 §1]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 17 - Occupations

Chapter 696 - Real Estate and Escrow Activities

Section 696.007 - Statement of legislative purpose.

Section 696.010 - Definitions.

Section 696.015 - Legislative finding; short title.

Section 696.020 - License required for individuals engaged in professional real estate activities; exception; rules.

Section 696.022 - Licensing system for real estate brokers and property managers; rules.

Section 696.024 - Payments due and owing to Real Estate Agency.

Section 696.026 - Registration and renewal of business names; rules.

Section 696.030 - Exemptions.

Section 696.125 - Limited license.

Section 696.130 - Effect of revocation of license; limited license.

Section 696.174 - License renewal; reactivation; continuing education courses; rules.

Section 696.182 - Continuing education; rules.

Section 696.184 - Duties of continuing education provider; rules.

Section 696.186 - Qualifications of continuing education instructors; rules.

Section 696.200 - Main office; branch offices; change of business location.

Section 696.205 - Death or incapacity of sole principal real estate broker or sole licensed real estate property manager; temporary license; rules.

Section 696.232 - License status of employee of agency; reissuance upon termination of employment.

Section 696.241 - Clients’ trust accounts; commingling of funds; branch trust account; interest earnings on trust account; when broker entitled to earnest money; funds not subject to execution; rules.

Section 696.243 - Substituting copy for original canceled check allowed; electronic fund transfers.

Section 696.245 - Clients’ trust accounts; notice to bank and agency; retention of copy.

Section 696.254

Section 696.255 - Nonresident license equivalent to appointment of commissioner as agent for service of process; service on commissioner; fee.

Section 696.265 - Recognition of nonresident real estate licensee; rules.

Section 696.270 - Fees.

Section 696.280 - Records of licensed real estate property managers and real estate brokers; rules.

Section 696.290 - Sharing compensation with or paying finder’s fee to unlicensed person prohibited; exceptions.

Section 696.292 - Limitation on demand for compensation.

Section 696.294 - Opinion letter; rules.

Section 696.301 - Grounds for discipline.

Section 696.310 - Intracompany supervision and control.

Section 696.315 - Prohibition against licensee permitting nonlicensed individual to engage in activity with or on behalf of licensee; exception.

Section 696.323 - Effect of violations by real estate licensee on associated licensees; contested case hearing.

Section 696.365 - City or county business license tax.

Section 696.375 - Real Estate Agency; Real Estate Commissioner; confirmation, salary and security of commissioner.

Section 696.385 - Power of agency; rulemaking procedures.

Section 696.392 - Power of commissioner to administer oaths, take depositions and issue subpoenas.

Section 696.395 - Power of commissioner.

Section 696.396 - Investigation of complaints and progressive discipline; rules.

Section 696.397 - Cease and desist order.

Section 696.398 - Delegation by commissioner to employees; requirements.

Section 696.405 - Real Estate Board; appointment; term; qualifications; compensation; expenses.

Section 696.415 - Officers; meetings; quorum.

Section 696.425 - Powers and duties of board; expenses.

Section 696.445 - Advancement of education and research; Oregon Real Estate News Journal; content as to disciplinary actions.

Section 696.490 - Real Estate Account; disposition of receipts.

Section 696.495 - Revolving fund; amount; use; procedure for repayment.

Section 696.505 - Definitions for ORS 696.505 to 696.590.

Section 696.508 - Legislative finding; short title.

Section 696.511 - License requirement; licensing system; rules.

Section 696.520 - Application of ORS 696.505 to 696.590.

Section 696.525 - Bond for escrow agents.

Section 696.527 - Deposits in lieu of bond; payment of claims; waiver.

Section 696.530 - Expiration and renewal of license; fees; rules.

Section 696.532 - Limited license.

Section 696.534 - Records of escrow agents; rules.

Section 696.535 - Grounds for refusing, suspending or revoking license or reprimanding licensee.

Section 696.541 - Authority of commissioner over escrow agents; rules.

Section 696.545 - Investigation; injunction; jurisdiction.

Section 696.555 - Commissioner to take possession of property and assets of escrow agent when assets or capital impaired; appointment of receiver.

Section 696.570 - Hearings procedure under ORS 696.505 to 696.590; subpoena.

Section 696.578 - Deposit and designation of funds held in escrow; treatment of earnings on escrow account; notice.

Section 696.579 - Funds exempt from execution or attachment; designation of funds.

Section 696.581 - Written escrow instructions or agreement required; statement; instructions containing blank prohibited; one-sided escrow; exceptions.

Section 696.582 - Escrow agent to hold certain compensation; conditions; notice of demand; disbursement of money; copy of notice to principal.

Section 696.585 - Civil penalties.

Section 696.590 - Penalty amounts.

Section 696.600 - Definitions for ORS 696.392, 696.600 to 696.785 and 696.995.

Section 696.603 - License requirement.

Section 696.606 - Real estate marketing organization license; requirements; deposit required; claims against deposit; rules.

Section 696.612 - Grounds for disciplinary action.

Section 696.624 - Consent by nonresident real estate marketing organization to service of summons or process required.

Section 696.627 - On-site inspection allowed; deposit.

Section 696.710 - Necessity of alleging license in action to collect compensation.

Section 696.775 - Authority of commissioner when license lapsed, expired, revoked, suspended or surrendered.

Section 696.785 - Commissioner duties when illegal commingling of funds found; receivership procedure.

Section 696.790 - Authority of commissioner to require fingerprints.

Section 696.795 - Authority of commissioner to conduct investigations and proceedings.

Section 696.800 - Definitions.

Section 696.805 - Real estate licensee as seller’s agent; obligations.

Section 696.810 - Real estate licensee as buyer’s agent; obligations.

Section 696.815 - Representation of both buyer and seller; obligations.

Section 696.820 - Agency disclosure pamphlet; rules.

Section 696.822 - Liability of principal for act, error or omission of agent or subagent.

Section 696.835 - Buyer and seller responsibilities.

Section 696.840 - Compensation and agency relationships.

Section 696.845 - Acknowledgment of existing agency relationships form; rules.

Section 696.855 - Common law application to statutory obligations and remedies.

Section 696.870 - Duties of real estate licensee under ORS 105.462 to 105.490, 696.301 and 696.870.

Section 696.880 - Licensee not required to disclose proximity of registered sex offender.

Section 696.890 - Duties of real estate property managers.

Section 696.990 - Penalties.

Section 696.995 - Civil penalties for violation of ORS 696.603, 696.606 or 696.612.