2021 Oregon Revised Statutes
Chapter 696 - Real Estate and Escrow Activities
Section 696.254

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.