How to Get an Oregon Real Estate License: Step-by-Step Guide

An Oregon real estate career is filled with promising possibilities, from unlimited earning potential to the personal reward of guiding clients through the process of buying or selling a home. If you're considering a new career or looking to start anew, Oregon real estate is a rewarding path.

In this comprehensive guidebook, we will walk you step-by-step through how to become an Oregon-licensed real estate broker. We'll address FAQs, share professional guidance, and provide you with resources you can rely upon so you can construct a successful real estate career.

Basic Requirements to Begin the Process

Before you start the process of becoming licensed, you must first ensure that you meet Oregon's basic requirements:

• Minimum Age: You must be at least 18 years old.
• Education: You must have a high school diploma or GED.
• Legal Standing: You must be able to pass a background check (fingerprinting is required later in the process).
• Residency: While you do not have to be a resident of Oregon to apply, you do need a valid U.S. Social Security Number for the license application.

Once these requirements are met, you can set up your eLicense account from the Oregon Real Estate Agency (OREA) and move on to the next steps.

How to Get Your Real Estate License in Oregon

The process of becoming an Oregon-licensed real estate broker includes a few major steps. Below, we've summarized the process in a brief overview, followed by a detailed breakdown of each step to help you navigate the path to success.

1. Create an eLicense account. 
2. Complete the 150-hour pre-license education. 
3. Apply for the Oregon real estate broker exam.
4. Pass the Oregon real estate broker license exam.
5. Find a principal broker to sponsor you.
6. Activate your license. 

With these steps, you're ready to embark on your journey toward becoming a licensed real estate broker and unlocking a world of opportunities in the real estate market.

1. Create an eLicense Account 

Step one is to visit the Oregon Real Estate Agency's eLicense portal and create an account. There, you'll submit your application for your broker license and pay the appropriate fee (currently $300 according to the Oregon Real Estate Agency). 

This step gets you registered as a prospective licensee and allows you to proceed with the remainder of the requirements.

2. Complete the 150-Hour Pre-License Education Requirement

Once your application is pending, you must complete 150 hours of required pre-license real estate education from an OREA-approved provider. The coursework typically covers:

• Oregon Real Estate Law
• Agency Law and Relationships
• Real Estate Finance
• Real Estate Contracts
• Real Estate Brokerage Operations
• Property Management
• Real Estate Mathematics
• Closing and Settlement Procedures
• Ethical and Professional Practices

After the coursework, you must pass a final examination administered by your course provider.

Successful completion of this exam confirms you've met the education requirement, and you will receive a Certificate of Completion. Keep this certificate on file, as you will need it before you can schedule and take the state exam.

3. Apply for the Oregon Real Estate Broker Exam

With your education complete and your course certificate in hand, the next step is to apply for the state licensing exam. Oregon’s real estate exams are administered by PSI, a third-party testing provider. You’ll need to:

• Verify Education Completion: Make sure your course provider has reported your successful completion to the Oregon Real Estate Agency.
• Register with PSI: Visit the PSI Exams website or contact their customer service phone number to create an account.
• Schedule Your Exam: Select a testing center or online proctored option, choose an available date and time that works for you, and pay the exam fee (currently $75, per PSI Exams).
• Complete Fingerprinting for Background Check: When you come to a PSI location to take your test, you will be completing full fingerprinting in your single visit there—no follow-up appointment. Your $61.25 pays for FBI and Oregon State Police processing. Test takers taking the test online will be able to visit a PSI location alone. Background checks are four weeks and good for one year.

Make sure to have confirmation of your exam appointment and come (or log in) ready on test day.

4. Pass the Oregon Real Estate Broker License Exam

The Oregon Broker License Exam consists of 130 multiple-choice questions divided into two portions:

• National portion: 80 questions (120 minutes)
• State portion: 50 questions (75 minutes)

You have 195 minutes in total to complete all 130 questions. 

Both sections must score at least 75% to pass.

When you've completed it, your results will be displayed to you immediately. If you must retest a section, you may reschedule through PSI.

Since taking the exam could be difficult, proper preparation is necessary. You might want to consider purchasing an exam prep package that contains practice tests, guides, and review materials.

These tools will help you see better into areas of emphasis that are most important, enhance your level of confidence, and contribute to your pass rate on your first attempt.

5. Find a Principal Broker to Sponsor You

As a newly licensed Oregon real estate broker, you will be required to practice under a licensed principal broker. Choosing the right brokerage is a significant aspect of launching a successful real estate career. When brokerage shopping, consider commission splits, training programs, and office culture to choose a company that aligns with your career goals.

The guidance of a seasoned principal broker as a mentor can be life-changing, offering the expert advice and encouragement necessary for achievement in the very competitive world of real estate. Good mentorship can make a huge difference in your success during the early and most important part of your career.

6. Activate Your License 

Finally, you will submit any final paperwork via the OREA's eLicense program. With your license active under your sponsoring principal broker, you're now permitted by law to assist clients to purchase and sell real estate in Oregon.

FAQs About Getting a Real Estate License in Oregon

Below are answers to some of the most common questions—backed by trusted sources—to help you start your career off on the right foot.

How much do Oregon real estate agents make?

The earnings potential for Oregon real estate agents varies based on several factors, such as location, years of experience, and individual performance.

Indeed reports an average yearly income of $99,668 for a real estate agent in Oregon, with salaries ranging from $47,442 to $207,936. Further, ZipRecruiter indicates an average yearly salary of $90,707 for real estate agents in the state, with the highest achievers reaching up to $158,064. In the city of Portland alone, the average yearly salary is a bit higher at $101,485.

The above figures highlight the significant earnings potential that exists in Oregon's real estate industry, particularly for those agents who exhibit skill at networking, possess in-depth familiarity with the market, and provide excellent client services.

How much does an Oregon real estate license cost?

It requires several fees to get licensed as a real estate broker in Oregon, and you'll want to budget for each step of the process. 

Here's what you can expect to pay, as established by the Oregon Real Estate Agency:

• Broker license application fee: $300
• Exam fee (PSI): $75
• Fingerprinting and background check: $56.25 (approx.)
• Pre-license course tuition: $300–$800+ (varies by provider)

Knowing these fees will enable you to plan ahead and be well funded as you proceed with the rest of the process to obtain your Oregon real estate license.

Is becoming a real estate agent in Oregon worth it?

A real estate career is highly beneficial to individuals who possess self-drive, a need to assist others, and thrive in a commission-based structure. Flexibility and unlimited income are two benefits that many real estate agents appreciate.

Yet real estate success is not assured. It requires continued marketing efforts, continued education, and an active strategy to keep up with market changes. Whether you are new to the industry or wanting to enhance your career, a willingness to change and keeping your finger on the pulse of trends is the pathway to long-term success.

What should I know before becoming a real estate agent?

Real estate success is more than just loving real estate properties. To be successful in this very competitive real estate business, here are some basic skills and responsibilities required:

• Commission-based income: Your earnings rely on successful transactions.   Budgeting for income variability and planning for months with variable income are essential to remaining financially sound.
• Time management & self-discipline: Real estate agents need to handle multiple clients, potential leads, and property showings simultaneously. Organizational skills and skilled time management are necessary in order to keep an eye on duties and meet deadlines.
• Local market knowledge: Knowledge of the local market conditions, including property values, community trends, and consistent market conditions, is required to best service clients and remain competitive in the business.
• Ethical obligations: As established by the Oregon Real Estate Agency (OREA), you must adhere to state and federal laws and maintain high ethical standards to help build trust and professionalism. 

Mastering these skills will help you build a successful, long-lasting career in real estate, whether you’re just starting out or advancing in the field.

Can I get an Oregon real estate license if I’m already an agent in another state?

Oregon does not have a blanket reciprocity agreement regarding real estate licensure. However, the OREA still has the discretion to waive some pre-licensing education requirements for applicants coming from states or provinces whose education is considered "substantially similar." As of 2019, OREA offers reciprocity to:

• Alabama​
• Alberta (Canada)​
• Georgia​
• Nebraska​
• South Dakota​

In spite of reciprocity, all applicants must pass the Oregon state portion of the licensing examination to demonstrate familiarity with Oregon-specific laws.

How often do I renew my Oregon real estate license?

As a real estate broker in Oregon, your license must be renewed every two years to stay active. To keep your license current, you’ll need to complete 30 hours of continuing education during each renewal period. This education ensures you stay up-to-date with industry laws and best practices.

One key requirement is the 3-hour Laws and Rules (LARRC) course, which covers important changes to real estate law and regulations. Completing this course is crucial to maintaining your professional knowledge and ensuring you’re in full compliance with Oregon real estate laws. 

Continuing education not only helps you keep your license but also boosts your credibility and success in the ever-evolving real estate market.

What should I do after getting my Oregon real estate license?

To set yourself up for success as a real estate broker in Oregon, here are some key actions to take:

• Join the MLS: Most successful agents join their local Multiple Listing Service (MLS). This powerful tool allows you to list properties and search for new listings, making it easier to match clients with their dream homes. It’s an essential resource for growing your business.
• Becoming a REALTOR®: By joining the National Association of REALTORS®, you can elevate your professional status. As a REALTOR®, you’ll gain access to industry training resources and increase your credibility with clients, showing you’re committed to high ethical standards.
• Develop a Winning Marketing Plan: A strong online presence is a must in today’s digital world. Leverage social media platforms to showcase properties, engage with clients, and establish your reputation. Networking in your local community can also help you build relationships and attract new business.
• Seek Mentorship or Coaching: No one succeeds alone. Partnering with an experienced principal broker or participating in coaching programs can fast-track your success, helping you navigate the complexities of the real estate world and sharpen your skills.

By taking these steps, you'll lay a strong foundation for a long-lasting and prosperous real estate career.

Final Thoughts on Getting a Real Estate License in Oregon

From the 150 hours of pre-license education and exam application to affiliation with a brokerage and license renewal every two years, the process to become an Oregon real estate broker is clearly outlined by the Oregon Real Estate Agency. With a solid knowledge of the market, people skills, and a passion for property, you can make this license into a satisfying, high-earning career.

Ready to start your real estate career? Enroll in our comprehensive Oregon real estate license program today and get the education, support, and mentorship you need to thrive in the dynamic Oregon real estate market!