Requirements to Become a Real Estate Property Manager in Oregon
To obtain a property manager license in Oregon, you need to:

1. Complete the educational requirements. You will need to complete a state-approved 60-hour real estate property management course. ProSchools offers the program a few times a year in a live classroom setting. You decide what dates are convenient for you!
2. Complete a background check. Submit to the State of Oregon Real Estate Agency a completed background check form with one set of fingerprints and a processing fee. All ProSchools locations have the required state forms, offer help with completing them, and can provide fingerprinting services. We encourage you to submit your documentation promptly because processing can take several weeks.
3. Pass the Oregon property manager license exam. You will need to pass a 150-question multiple-choice exam with a score of 75% or better. When you complete ProSchools’ program, you will have over a 95% chance of passing the exam the first time.
4. Submit a completed license application form and appropriate 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.

Oregon Property Management Exam Information
Property management license applicants must pass a computerized exam administered by PSI, a national testing firm with exam sites in Portland, Wilsonville, Bend, Eugene, Medford, and Baker City.

To register, mail the exam application with the appropriate fee to the Oregon Real Estate Agency. You can submit it with the background check before, during, or upon completing your coursework. After processing your application, the Oregon Real Estate Agency will send you an exam eligibility letter and scheduling information. You are encouraged to reserve your exam date at least three to four business days prior.

To schedule your exam, PSI will require the following:

1. Personal information — legal name, address, phone, SSN, date of birth
2. Exam specifics — exam type, preferred date, and test center location
3. Eligibility letter — personal identification number

For more information, click here to view PSI’s website, which includes exam reservation guidelines, and a list of all PSI test center locations and hours of operation.

Upon arriving at the test center, you’ll need to show your photo ID to the test administrator. Then, a brief online tutorial will familiarize you with the computerized testing system before you answer 150 multiple-choice questions.

You will have three hours to complete the exam. Be sure to attempt to answer every question. A minimum score of 75% is required to pass the real estate exam. Your score will be available immediately. A passing score is valid for one year.

Read the Oregon Real Estate License and Examination Information prepared by the Oregon Real Estate Agency.