Licensure Requirements for a Broker
- Minimum age of 18
- High school diploma or equivalent
- Apply for license
- Must complete 150 hours of broker pre-license education
- Pass the broker exam
- Fingerprint background check
Licensure Requirements for a Principal Broker
- Minimum age of 18
- High school diploma or equivalent
- Must have spent at least 3 years as an active, licensed agent
- Apply for license
- Must complete the 40-hour Brokerage Administration and Sales Supervision course
- Pass the principal broker exam
Step by Step Guide (Broker)
- Create an account in eLicense
- Apply for license (This is done through your new eLicense account)
- Complete 150 hours of broker pre-license education through an Approved School
- Pass the broker exam (See below for more information)
- Submit Fingerprint Background Check along with the appropriate fee (This is done at the testing site)
- Your license will be issued upon:
- Your background check clearing
- Your principal broker adding your license to the business
- Final review of your application
Step by Step Guide (Principal Broker)
- Apply for Principal Broker’s license in your eLicense account
- Complete the 40-hour Brokerage Administration and Sales Supervision course through an Approved School
- Pass the principal broker exam (See below for more information)
- You will receive email notification of your license being approved upon:
- Your background check clearing
- Either your new principal broker adding your license to the business OR your registered business name being approved
- Final review of application
Obtaining a license in Oregon if you are licensed in another state:
Refer to the Out-of-State Licensees page on the OREA Website
Exam Info
Broker: The exam costs $75 and is administered on a computer in multiple choice format. The national portion consists of 80 scored questions and 5-10 pre-test questions that do not affect your score. The state law portion consists of 50 scored questions and 5-10 pre-test questions that do not affect your score.
There is no distinction made between scored questions and pre-test questions on the exam. They are all mixed in together, so it is important that you answer each question carefully. You must achieve a score of at least 75% to pass. You will have 2 ½ hours to complete the national portion and 1 ½ hours to complete the state law portion.
Principal Broker: The exam costs $75 and is administered on a computer in multiple choice format. In addition to standard multiple choice, the broker exam contains scenario-based questions with more than 4 possible answers to choose from. For an example of what this type of question looks like, refer to pages 17-18 of the Oregon Candidate Handbook.
The national portion consists of 75 scored questions and 5-10 pre-test questions that do not affect your score. The state law portion consists of 50 scored questions and 5-10 pre-test questions that do not affect your score. There is no distinction made between scored questions and pre-test questions on the exam. They are all mixed in together, so it is important that you answer each question carefully.
You must achieve a score of at least 75% to pass. You will have 2 ½ hours to complete the national portion and 1 ½ hours to complete the state law portion.
- Schedule online at https://www.psiexams.com/orre or by calling (833) 892-5441
- For exam locations, refer to pages 6-7 of the Oregon Candidate Handbook (For information on taking a remotely-proctored online exam, refer to pages 5 and 9-10)
Fees:
- Exam Fee- $75
- License Application Fee- $300
- Fingerprinting Fee- $56.25