OAR 863-014-0060: Limited Licenses and Renewal

(1) If the Commissioner issues an individual a limited license under ORS 696.130, the licensee may submit a written request for an unrestricted license after the period of limitation. The request must include the endorsement of the licensee's authorized principal broker, if applicable. (2) Issuance of an unrestricted license after a period of limitation is dependent upon the Agency’s review and approval of the request. The inquiry into the licensee may include, but is not limited to, a check through the Law Enforcement Data System. (3) A limited licensee may only submit a license renewal application and pay the fee using an online application process, which is available through the Agency’s website. (4) For purposes of this rule, “received by the Agency” means the date a licensee completed the online renewal process and paid the fee required under ORS 696.270. (5) A limited real estate broker or principal broker license expires if a licensee fails to renew the license on or before the license expiration date. A real estate licensee may not engage in any professional real estate activity after a license expires. A real estate licensee may renew an expired license as provided in this rule. (6) The Agency may renew a limited real estate license to active status for the term prescribed in OAR 863-014-0030 when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online active renewal application that includes course information entered by the licensee demonstrating that the licensee has met the license renewal continuing education requirements under section OAR 863-020-0010. (7) The Agency may renew a limited real estate license to inactive status for the term prescribed in OAR 863-014-0030, when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online inactive renewal application. (8) The Agency may renew an inactive limited real estate license to inactive status for the term prescribed in OAR 863-014-0030, when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online inactive renewal application. (9) The Agency may renew an inactive limited real estate license to active status for the term prescribed in OAR 863-014-0030, when the Agency has received the following: (a) The renewal fee authorized by ORS 696.270; (b) An online active renewal application that includes course information entered by the licensee demonstrating that the licensee has met the license renewal continuing education requirements under OAR 863-020-0010; (c) An online transfer application, available through the Agency’s website, completed by the receiving authorized principal broker under OAR 863-014-0063; and (d) An endorsement in writing from the authorized principal broker acknowledging the limited license status and accepting the terms outlined in the stipulated final order. (10) The Agency may renew an expired limited real estate license to active limited status when the Agency receives, within one year of the date the license expired, the following: (a) The renewal fee and a late fee authorized by ORS 696.270; (b) An online active renewal application that includes course information entered by the licensee demonstrating that the licensee met the license renewal continuing education requirements under OAR 863-020-0010; (c) An online license transfer application, available through the Agency’s website, completed by the receiving authorized principal broker under OAR 863-014-0063; and (d) An endorsement in writing from the authorized principal broker acknowledging the limited license status and acceptance of the terms outlined in the stipulated final order. (11) The Agency may renew an expired limited real estate license to inactive limited license status when the Agency receives, within one year of the date the license expired, the following: (a) The renewal fee and a late fee authorized by ORS 696.270; and (b) An online inactive renewal application. (12) When the Agency renews an expired limited license, the renewed license is effective the date the renewal requirements are met. The renewal is not retroactive to the date the license expired and an expired license retains the status of expired during the expiration period. (13) A limited license renewed under this rule expires two years from the date of the original expiration date. (14) A limited real estate license that has expired for more than one year is lapsed, as defined in ORS 696.010. (15) A limited license may not be renewed if it is lapsed, surrendered, suspended, or revoked. Except as provided in OAR 863-014-0075, the former licensee must reapply and meet all the licensing qualifications required of new license applicants.