OAR 863-014-0090: Authorization to Temporarily Supervise

(1) When a managing principal broker conducts professional real estate activity not in conjunction with other principal real estate brokers, the managing principal broker may authorize a real estate broker associated with the managing principal broker to temporarily supervise the managing principal broker professional real estate activity only if: (a) The authorizing managing principal broker provides written authorization as required by this rule; and (b) The real estate broker accepts the supervisory responsibility in writing. (2) The written authorization must contain the following information: (a) Authorization by the managing principal broker, including the effective date and termination date of such authorization, which may not exceed 90 days; (b) An affirmation by the real estate broker acknowledging that the real estate broker: (A) Has acquired at least three years of active experience as a real estate broker; (B) Accepts the supervisory responsibility; (C) Is bound by and subject to all the statutory and rule requirements of a managing principal broker during the period of authorization. (c) An affirmation by both the managing principal broker and the real estate broker acknowledging that they are jointly responsible for the real estate broker’s supervision of the professional real estate activity during the dates of the authorization. (4) The managing principal broker may end the authorization before the termination date by filing an amended authorization before the termination date. (5) The written authorization required by this rule must be received by the Agency before the effective date of such authorization on an Agency-approved form. The commissioner may allow a later filing for good cause shown. (6) The Agency will maintain the written authorization as an Agency record.