This blog article is created to differentiate between getting an Oregon real estate license and an Oregon property manager license. In Oregon, both property managers and real estate licensees are regulated under the
Real Estate Agency and you cannot be dually licensed.
What is the difference between holding a real estate or a property manager license in Oregon?
A real estate licensee is licensed to sell real estate and manage properties for multiple owners as a property manager. A property manager is only licensed to manage properties and is not authorized to sell any form of real estate or to collect commissions or referral fees for the sale of property.
A property manager needs to take 60 hours of real estate
property management education and pass the Oregon property manager license exam. You need to score 75% or better on a 150-question multiple-choice exam and pass a criminal background check.
A real estate licensee must take 150 hrs of
real estate education which includes these studies: Law, Contracts, Agency, Finance, Practice, Brokerage, and Property Management. You must achieve a score of 75% or better on the OR real estate license exam, consisting of 200-questions, plus pass a criminal background check.
If a licensed property manager decides to sell property or wants to get commissions or referral fees on property sales, he must take the required real estate education and pass the tests for real estate licensees in the state of Oregon. He must also contact the Real Estate Agency and change the status of his license from property manager to real estate broker.
ProSchools Property Management classes
ProSchools offers live property management classes twice a year in Portland, Oregon. Contact a ProSchools course consultant for class schedules at 503-297-1344 x 105 or 1-800-452-4879 x 105.
What else do I need to know?
You must submit your fingerprints, background application and state exam application to the
Real Estate Agency with appropriate fees. ProSchools offers reduced fingerprints rates for students. Make sure to submit the background check early because it can take the state over a month to process.
After you pass your state exam, your license must be purchased. You are also required to take continuing education courses and renew your license every two years. See
ProSchools’ Real Estate Continuing Education. The same continuing education requirements apply to real estate brokers and property managers.