OAR 863-024-0120: Deceased or Incapacitated Property Manager

(1) If the Commissioner issues a temporary license to an unlicensed person under ORS 696.205, the licensee’s activities may be limited to winding up the affairs of the deceased or incapacitated managing principal broker or licensed property manager’s management of rental real estate. This may include, but is not limited to, terminating property management agreements per the terms of OAR 863-025-0070. (2) The holder of a temporary license is subject to ORS Chapter 696 and its implementing rules while engaging in professional real estate activity under the terms of the temporary license.