OAR 863-022-0022: Property Manager Advanced Practices Course Requirement for the First Active Renewal of License

(1) The property manager advanced practices course required by OAR 863-020-0010 before the first active renewal of a property manager license, or before the first license reactivation following an inactive first renewal, is an Agency-approved property manager advanced practices course. (2) A property manager who is required to take the advanced practices course in order to renew a license must also complete the Law and Rule Required Course and the State and Federal Fair Housing course required under OAR 863-020-0010. (3) An Agency-approved property manager advanced practices course must consist of 26 clock-hours covering the following topics, with a minimum of 1 clock-hour for each topic : (a) Agency law and affirmative duties in ORS 696.890; (b) Property management agreements; (c) Managing the operation of a property management company; (d) Clients' trust accounts and security deposits accounts; (e) Property management accounting; (f) Oregon Residential Landlord and Tenant Act under ORS Chapter 90; (g) Property management records; (h) Real Estate License Law under ORS Chapter 696; (i) Commercial property management; (j) Emergency plans, energy management plans, maintenance and repair. (4) To receive credit for an advanced practices course, a property manager must complete the course and receive a passing score of at least 75% on an assessment of license proficiency containing 60 questions. (5) Starting July 1, 2026, the assessment of license proficiency described in Section (4) must present one or more case studies or hypothetical scenarios involving the management of rental real estate. The assessment must measure the real estate property manager’s ability to: (a ) Identify and apply to the requirements for maintaining client trust accounts; (b) Recognize the accounting distinctions between single and multiple owner accounts; (c) Recognize the accounting distinctions between single and pooled security deposit accounts; (d) Evaluate monthly reconciliations and identify appropriate steps to resolve discrepancies; and (e) Recognize the supervisory responsibilities of a property manager, including when a written delegation of authority is needed and what information is required in a written delegation of authority. (6) The licensee must obtain a certificate of course completion and maintain it as required by OAR 863-020-0015. (7) The property manager advanced practices course, the Law and Rule Required Course , and the State and Federal Fair Housing Course are eligible for continuing education credit under OAR 863-020-0010.