OAR 863-022-0010: Course Requirements for Real Estate Broker License Applicants

(1) The real estate broker license applicant course of study required by OAR 863-014-0035 must include 150 clock-hours in the seven courses listed in section (2) of this rule. (a) Courses offered by private career schools must be approved by the Agency under OAR 863-022-0030. (b) Courses offered by in-state community colleges, colleges, and universities must be approved by the Agency under OAR 863-022-0035. (c) To be eligible for credit, a course provider must: (A) Present each course for the designated number of clock- hours stated in section (2) of this rule, (B) Include specific course topics required by the Agency as provided in section (3) of this rule, and (C) Give each student a final examination for each course consisting of the number of questions stated in section (2) of this rule. (2) The courses required for real estate broker license applicants are: (a) Real Estate Law: 30 clock-hours and 60 questions on a final examination. (b) Oregon Real Estate Practice: 30 clock-hours and 60 questions on a final examination. (c) Real Estate Finance: 30 clock-hours and 60 questions on a final examination. (d) Contracts: 15 clock-hours and 30 questions on a final examination. (e) Agency Law: 15 clock-hours and 30 questions on a final examination. (f) Property Management: 10 clock-hours and 20 questions on a final examination. (g) Real Estate Brokerage: 20 clock-hours and 40 questions on a final examination. (3) An applicant must complete the required courses through Agency-approved private career schools or in-state community colleges, colleges, or universities, as those terms are defined in OAR 863-022-0005. (4) To receive credit for courses provided by private career schools, license applicants must complete the course of study and receive a passing score of at least 75% on a final examination for each course. (5) To receive credit for courses provided by in-state community colleges, colleges, and universities, license applicants must complete the course of study, including a final examination for each course and achieve a minimum grade of "C" or equivalent. (6) The real estate broker license applicant course of study is not eligible for continuing education credit under OAR 863-020-0010.