Licensing Requirements

To obtain a property manager license in Oregon, you need to:

1. Complete a Real Estate License Application in eLicense, the Agency's online license management system. When the application is processed, you will receive an applicant ID number. As of July 1, 2011, you must submit the license application to the Oregon Real Estate Agency prior to completing your education.
2. Pay the $230 nonrefundable license application fee in eLicense.
3. Complete the educational requirements. You will need to complete a state-approved 60-hour real estate property management class. ProSchools offers the program a few times a year in a live classroom setting. You decide what dates are convenient for you!
4. Register for the state licensing examination. Once you complete your education, ProSchools will notify the testing vendor, PSI, that you are eligible to schedule your state exam.
5. Pass the OR real estate license exam. You will need to pass a 150-question multiple-choice exam with a score of 75% or better. When you complete ProSchools’ online program, you will have over a 95% chance of passing.
6. Complete a background check.  Once you pass the state licensing examination, you must have your fingerprints taken digitally at the PSI test center and pay the background check fee.

The state of Oregon requires, with a few exceptions, that you hold a real estate license (broker, principal broker, or property manager) in order to rent, lease, or manage property for others. With a property manager license, you can engage in rental and/or management of real estate; but you cannot sell, exchange, lease option, or purchase real estate for another person.
The state also requires having either a property manager or real estate broker license to manage property for more than one owner. With a property manager license, you can work on your own, for another property manager, or for a principal broker.

If you want to manage property, and collect commissions or referral fees for sales or listings, you need a real estate broker license and to work under a principal broker. After three years, you’d be eligible to operate as a sole practitioner broker and work on your own.