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How to become real estate agent in oregon

how much do real estate agentsmake

How to Become a Real Estate Agent in Oregon: Your Comprehensive Guide

If you are considering a career as a real estate agent in Oregon, you've come to the right place. This guide will provide you with all the essential information and step-by-step instructions to help you become a successful real estate agent in the beautiful state of Oregon.

Benefits of How to Become a Real Estate Agent in Oregon:

  1. Comprehensive and In-depth Information:
  • This guide offers a thorough explanation of the requirements, processes, and regulations specific to becoming a real estate agent in Oregon.
  • It covers everything from education and licensing to exam preparation and ongoing professional development.
  1. Clear Step-by-Step Instructions:
  • The guide lays out the exact steps you need to take to become a licensed real estate agent in Oregon.
  • It provides a clear roadmap, ensuring you won't miss any crucial stages in the process.
  1. Expert Tips and Tricks:
  • Discover valuable insights and advice from experienced real estate professionals in Oregon.
  • Benefit from their firsthand knowledge of the industry, helping you navigate potential challenges and maximize your chances of success.
  1. State-specific Information:
  • As an Oregon-focused resource, this guide is tailored to meet the unique requirements and regulations of the state.
  • You can

Total time: 156 hours

Once your background check (which the state runs using your fingerprints) clears, your application gets approved, and a principal broker adds your license to their business, you'll get your Oregon real estate broker license.

How much does it cost to become a real estate agent in Oregon?

Sample Oregon Real Estate License Costs

Prelicensing Classes, Including Exam Prep (150 Hours)$475 (through The CE Shop)
Oregon Broker Real Estate License Exam Fee$75
License Fee$300
Fingerprinting Fee$61.25
Total Cost$911.25
Apr 20, 2023

What does it take to become a real estate agent in Oregon?

Complete 150 hours of required broker pre-license education from an Agency-approved real estate school. Give your Applicant ID number and full name to the school. The real estate school will make you eligible to take the license exam. Only courses completed on or after January 1, 2013, meet licensing requirements.

Do realtors make good money in Oregon?

The average salary for a real estate broker in Oregon is $80,545 per year.

How hard is Oregon real estate exam?

The passing rate for the Oregon Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.

How long does it take to become a real estate agent in Oregon?

Total time: 156 hours

Once your background check (which the state runs using your fingerprints) clears, your application gets approved, and a principal broker adds your license to their business, you'll get your Oregon real estate broker license.

How much do realtors make in Oregon?

As of Oct 18, 2023, the average annual pay for a Real Estate Agent in Oregon is $83,504 a year. Just in case you need a simple salary calculator, that works out to be approximately $40.15 an hour. This is the equivalent of $1,605/week or $6,958/month.

Frequently Asked Questions

How much does it cost to go to real estate school in Oregon?

Real Estate School Cost By State

Alabama$338.50
Oregon$454.73
Pennsylvania$449.40
Rhode Island$306.80
South Carolina$538.39

How hard is it to pass the Oregon real estate exam?

In order to pass the Oregon real estate exam, you'll need a score of at least 75 %. Passing the exam is much less stressful for anyone who has completed an Exam Prep course.

FAQ

What is the difference between an agent and a broker in Oregon?

In Oregon, anyone who is licensed to sell homes or represent buyers is called a broker. A principal broker is responsible for all the other brokers in their office. A seller agent represents the seller only, while a buyer agent represents the buyer only.

How to become a broker?
Here is a six-step guide on how to become a broker:
  1. Earn relevant A-Levels.
  2. Earn a bachelor's degree.
  3. Select your brokerage specialism.
  4. Apply for brokerage jobs.
  5. Register with the Financial Conduct Authority.
  6. Specialise further.

How to become real estate agent in oregon

Can I get my Oregon real estate license online? Register for an account in eLicense, the Oregon Real Estate Agency's online license management system. Apply for a broker license and pay the $300 nonrefundable application fee in eLicense. When the application is processed, you will receive an Applicant ID number by email.

How much does the average realtor make in Oregon?

Real Estate Agent Salary in Oregon

Annual SalaryWeekly Pay
Top Earners$132,296$2,544
75th Percentile$105,800$2,034
Average$83,504$1,605
25th Percentile$68,800$1,323
  • What disqualifies you from getting a real estate license in Oregon?
    • Offenses include major traffic violations such as DUI, reckless driving, fleeing from or attempting to elude a police officer, and driving while suspended. “Convictions” include a guilty or “no contest” plea, a verdict of guilty by a judge or jury, or a forfeiture of bail.

  • Can you sell real estate in Oregon without a license?
    • If you currently hold a real estate license in another state, you must still meet all of Oregon's licensing requirements to conduct professional real estate activity in Oregon. There are no waivers of education or license examinations available. In Oregon, the broker license is the entry-level real estate license.

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