OAR 863-017-0020: Term of Registration

(1) A new residential property wholesaler registration shall be for a period of not more than 13 months and a renewal of such registration shall be for a period of not more than 12 months from the expiration of the prior registration. (2) A residential property wholesaler registration expires on June 30 each year. A registrant may not engage in residential proprety wholesaling after a registration expires. (3) The Agency may renew a residential property wholesaler registration when the ageny has received the following: (a) The renewal fee authorized by ORS 696.270; and (b) An online renewal (4) If the registrant fails to renew a license by the end of the renewal period but wishes to engage in residential property wholesaling, the registrant must submit a new initial registration application pursuant to OAR 863-017-0010 and pay all the required fees.