State Codes and Statutes

Statutes > Oregon > Vol15 > 696

Chapter 696 — RealEstate and Escrow Activities

 

2009 EDITION

 

REALESTATE AND ESCROW ACTIVITIES

 

OCCUPATIONSAND PROFESSIONS

 

REALESTATE LICENSEES

 

(Generally)

 

696.007     Statementof legislative purpose

 

696.010     Definitions

 

696.015     Legislativefinding; short title

 

(Licensing)

 

696.020     Licenserequired for individuals engaged in professional real estate activities;exception; rules

 

696.022     Licensingsystem for real estate brokers and property managers; rules

 

696.024     Paymentsdue and owing to Real Estate Agency

 

696.026     Conductingbusiness under licensee’s name, under registered business name or throughbusiness organization; rules

 

696.030     Exemptions

 

696.040     Singleact sufficient to constitute professional real estate activity

 

696.110     Exclusivenature of regulation of real estate licensees

 

696.125     Limitedlicense

 

696.130     Effectof revocation of license; limited license

 

696.174     Licenserenewal; continuing education courses; rules

 

696.182     Continuingeducation; rules

 

696.184     Dutiesof continuing education provider; rules

 

696.186     Qualificationsof continuing education instructors; rules

 

696.200     Licenseeto maintain place of business; branch offices; change of business location

 

696.205     Deathor incapacity of sole principal real estate broker; temporary license; rules

 

696.232     Returnof license by employee of agency; reissuance upon termination of employment

 

(ClientTrust Fund Accounts)

 

696.241     Clients’Trust Accounts; notice to agency; authority to examine account; branch trustaccount; interest earnings on trust account; when broker entitled to earnestmoney; funds not subject to execution; rules

 

696.243     Substitutingcopy for original canceled check allowed; electronic fund transfers

 

696.245     Clients’Trust Accounts; notice to bank; retention of copy

 

(Nonresidentand Reciprocal Real Estate Broker and Salesperson Licensing)

 

696.255     Nonresidentlicense equivalent to appointment of commissioner as agent for service ofprocess; service on commissioner; fee

 

696.265     Recognitionof nonresident real estate licensee; rules

 

(Miscellaneous)

 

696.270     Fees

 

696.280     Recordsof real estate brokers; rules

 

696.290     Sharingcompensation with or paying finder’s fee to unlicensed person prohibited;exceptions

 

696.294     Opinionletter; rules

 

696.301     Groundsfor discipline

 

696.310     Intracompanysupervision and control; effect of revocation on licensed associates

 

696.315     Prohibitionagainst licensee permitting nonlicensed individual to engage in activity withor on behalf of licensee

 

696.320     Effectof suspension or revocation of principal broker license on associated licensees

 

696.361     Regulationof real estate property manager

 

696.363     Relationshipbetween licensees as independent contractors or employer and employee

 

696.365     Cityor county business license tax

 

(Administration)

 

696.375     RealEstate Agency; Real Estate Commissioner; confirmation, salary and security ofcommissioner

 

696.385     Powerof agency; rulemaking procedures

 

696.392     Powerof commissioner to administer oaths, take depositions and issue subpoenas

 

696.395     Powerof commissioner

 

696.396     Investigationof complaints and progressive discipline; rules

 

696.398     Delegationby commissioner to employees; requirements

 

696.405     RealEstate Board; appointment; term; qualifications; compensation; expenses

 

696.415     Officers;meetings; quorum

 

696.425     Powersand duties of board; expenses

 

696.430     Recordsof commissioner as evidence; records open to inspection; rules

 

696.445     Advancementof education and research; Oregon Real Estate News Journal; content as todisciplinary actions

 

696.490     RealEstate Account; disposition of receipts

 

696.495     Revolvingfund; amount; use; procedure for repayment

 

ESCROWSAND ESCROW AGENTS

 

(Generally)

 

696.505     Definitionsfor ORS 696.505 to 696.590

 

696.508     Legislativefinding; short title

 

(Licensing)

 

696.511     Licenserequirement; licensing system; rules

 

696.520     Applicationof ORS 696.505 to 696.590

 

696.523     Applicationof ORS 696.505 to 696.590 to title insurance activities

 

696.525     Bondfor escrow agents

 

696.527     Depositsin lieu of bond; payment of claims; waiver

 

696.530     Expirationand renewal of license; fees; rules

 

696.532     Limitedlicense

 

696.534     Recordsof escrow agents; rules

 

696.535     Groundsfor refusing, suspending or revoking license or reprimanding licensee

 

696.541     Authorityof commissioner over escrow agents; rules

 

(Enforcement)

 

696.545     Investigation;injunction; jurisdiction

 

696.555     Commissionerto take possession of property and assets of escrow agent when assets orcapital impaired; appointment of receiver

 

696.570     Hearingsprocedure under ORS 696.505 to 696.590; subpoena

 

696.575     Civilor criminal actions not limited by ORS 696.505 to 696.590

 

696.577     Commissioner’sorder against unlicensed agent

 

(EscrowProperty)

 

696.578     Depositand designation of funds held in escrow; treatment of earnings on escrowaccount; notice

 

696.579     Fundsexempt from execution or attachment; designation of funds

 

696.581     Writtenescrow instructions or agreement required; statement; instructions containingblank prohibited; one-sided escrow; exceptions

 

696.582     Escrowagent to hold certain compensation; conditions; notice of demand; disbursementof money; copy of notice to principal

 

(CivilPenalties)

 

696.585     Civilpenalties

 

696.590     Penaltyamounts

 

REALESTATE MARKETING

 

696.600     Definitionsfor ORS 696.392, 696.600 to 696.785 and 696.995

 

696.603     Licenserequirement

 

696.606     Realestate marketing organization license; requirements; deposit required; claimsagainst deposit; rules

 

696.609     Exemptionsfrom ORS 696.392, 696.600 to 696.785 and 696.995

 

696.612     Groundsfor disciplinary action

 

696.615     Publicationof sanctions imposed for violations

 

696.618     Denialof right to court action for unlicensed real estate marketing organization

 

696.621     RealEstate Marketing Account

 

696.624     Consentby nonresident real estate marketing organization to service of summons orprocess required

 

696.627     On-siteinspection allowed; deposit

 

ACTIONSAND REMEDIES

 

696.710     Necessityof alleging license in action to collect compensation

 

696.720     Remediesare concurrent

 

State Codes and Statutes

Statutes > Oregon > Vol15 > 696

Chapter 696 — RealEstate and Escrow Activities

 

2009 EDITION

 

REALESTATE AND ESCROW ACTIVITIES

 

OCCUPATIONSAND PROFESSIONS

 

REALESTATE LICENSEES

 

(Generally)

 

696.007     Statementof legislative purpose

 

696.010     Definitions

 

696.015     Legislativefinding; short title

 

(Licensing)

 

696.020     Licenserequired for individuals engaged in professional real estate activities;exception; rules

 

696.022     Licensingsystem for real estate brokers and property managers; rules

 

696.024     Paymentsdue and owing to Real Estate Agency

 

696.026     Conductingbusiness under licensee’s name, under registered business name or throughbusiness organization; rules

 

696.030     Exemptions

 

696.040     Singleact sufficient to constitute professional real estate activity

 

696.110     Exclusivenature of regulation of real estate licensees

 

696.125     Limitedlicense

 

696.130     Effectof revocation of license; limited license

 

696.174     Licenserenewal; continuing education courses; rules

 

696.182     Continuingeducation; rules

 

696.184     Dutiesof continuing education provider; rules

 

696.186     Qualificationsof continuing education instructors; rules

 

696.200     Licenseeto maintain place of business; branch offices; change of business location

 

696.205     Deathor incapacity of sole principal real estate broker; temporary license; rules

 

696.232     Returnof license by employee of agency; reissuance upon termination of employment

 

(ClientTrust Fund Accounts)

 

696.241     Clients’Trust Accounts; notice to agency; authority to examine account; branch trustaccount; interest earnings on trust account; when broker entitled to earnestmoney; funds not subject to execution; rules

 

696.243     Substitutingcopy for original canceled check allowed; electronic fund transfers

 

696.245     Clients’Trust Accounts; notice to bank; retention of copy

 

(Nonresidentand Reciprocal Real Estate Broker and Salesperson Licensing)

 

696.255     Nonresidentlicense equivalent to appointment of commissioner as agent for service ofprocess; service on commissioner; fee

 

696.265     Recognitionof nonresident real estate licensee; rules

 

(Miscellaneous)

 

696.270     Fees

 

696.280     Recordsof real estate brokers; rules

 

696.290     Sharingcompensation with or paying finder’s fee to unlicensed person prohibited;exceptions

 

696.294     Opinionletter; rules

 

696.301     Groundsfor discipline

 

696.310     Intracompanysupervision and control; effect of revocation on licensed associates

 

696.315     Prohibitionagainst licensee permitting nonlicensed individual to engage in activity withor on behalf of licensee

 

696.320     Effectof suspension or revocation of principal broker license on associated licensees

 

696.361     Regulationof real estate property manager

 

696.363     Relationshipbetween licensees as independent contractors or employer and employee

 

696.365     Cityor county business license tax

 

(Administration)

 

696.375     RealEstate Agency; Real Estate Commissioner; confirmation, salary and security ofcommissioner

 

696.385     Powerof agency; rulemaking procedures

 

696.392     Powerof commissioner to administer oaths, take depositions and issue subpoenas

 

696.395     Powerof commissioner

 

696.396     Investigationof complaints and progressive discipline; rules

 

696.398     Delegationby commissioner to employees; requirements

 

696.405     RealEstate Board; appointment; term; qualifications; compensation; expenses

 

696.415     Officers;meetings; quorum

 

696.425     Powersand duties of board; expenses

 

696.430     Recordsof commissioner as evidence; records open to inspection; rules

 

696.445     Advancementof education and research; Oregon Real Estate News Journal; content as todisciplinary actions

 

696.490     RealEstate Account; disposition of receipts

 

696.495     Revolvingfund; amount; use; procedure for repayment

 

ESCROWSAND ESCROW AGENTS

 

(Generally)

 

696.505     Definitionsfor ORS 696.505 to 696.590

 

696.508     Legislativefinding; short title

 

(Licensing)

 

696.511     Licenserequirement; licensing system; rules

 

696.520     Applicationof ORS 696.505 to 696.590

 

696.523     Applicationof ORS 696.505 to 696.590 to title insurance activities

 

696.525     Bondfor escrow agents

 

696.527     Depositsin lieu of bond; payment of claims; waiver

 

696.530     Expirationand renewal of license; fees; rules

 

696.532     Limitedlicense

 

696.534     Recordsof escrow agents; rules

 

696.535     Groundsfor refusing, suspending or revoking license or reprimanding licensee

 

696.541     Authorityof commissioner over escrow agents; rules

 

(Enforcement)

 

696.545     Investigation;injunction; jurisdiction

 

696.555     Commissionerto take possession of property and assets of escrow agent when assets orcapital impaired; appointment of receiver

 

696.570     Hearingsprocedure under ORS 696.505 to 696.590; subpoena

 

696.575     Civilor criminal actions not limited by ORS 696.505 to 696.590

 

696.577     Commissioner’sorder against unlicensed agent

 

(EscrowProperty)

 

696.578     Depositand designation of funds held in escrow; treatment of earnings on escrowaccount; notice

 

696.579     Fundsexempt from execution or attachment; designation of funds

 

696.581     Writtenescrow instructions or agreement required; statement; instructions containingblank prohibited; one-sided escrow; exceptions

 

696.582     Escrowagent to hold certain compensation; conditions; notice of demand; disbursementof money; copy of notice to principal

 

(CivilPenalties)

 

696.585     Civilpenalties

 

696.590     Penaltyamounts

 

REALESTATE MARKETING

 

696.600     Definitionsfor ORS 696.392, 696.600 to 696.785 and 696.995

 

696.603     Licenserequirement

 

696.606     Realestate marketing organization license; requirements; deposit required; claimsagainst deposit; rules

 

696.609     Exemptionsfrom ORS 696.392, 696.600 to 696.785 and 696.995

 

696.612     Groundsfor disciplinary action

 

696.615     Publicationof sanctions imposed for violations

 

696.618     Denialof right to court action for unlicensed real estate marketing organization

 

696.621     RealEstate Marketing Account

 

696.624     Consentby nonresident real estate marketing organization to service of summons orprocess required

 

696.627     On-siteinspection allowed; deposit

 

ACTIONSAND REMEDIES

 

696.710     Necessityof alleging license in action to collect compensation

 

696.720     Remediesare concurrent

 

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State Codes and Statutes

State Codes and Statutes

Statutes > Oregon > Vol15 > 696

Chapter 696 — RealEstate and Escrow Activities

 

2009 EDITION

 

REALESTATE AND ESCROW ACTIVITIES

 

OCCUPATIONSAND PROFESSIONS

 

REALESTATE LICENSEES

 

(Generally)

 

696.007     Statementof legislative purpose

 

696.010     Definitions

 

696.015     Legislativefinding; short title

 

(Licensing)

 

696.020     Licenserequired for individuals engaged in professional real estate activities;exception; rules

 

696.022     Licensingsystem for real estate brokers and property managers; rules

 

696.024     Paymentsdue and owing to Real Estate Agency

 

696.026     Conductingbusiness under licensee’s name, under registered business name or throughbusiness organization; rules

 

696.030     Exemptions

 

696.040     Singleact sufficient to constitute professional real estate activity

 

696.110     Exclusivenature of regulation of real estate licensees

 

696.125     Limitedlicense

 

696.130     Effectof revocation of license; limited license

 

696.174     Licenserenewal; continuing education courses; rules

 

696.182     Continuingeducation; rules

 

696.184     Dutiesof continuing education provider; rules

 

696.186     Qualificationsof continuing education instructors; rules

 

696.200     Licenseeto maintain place of business; branch offices; change of business location

 

696.205     Deathor incapacity of sole principal real estate broker; temporary license; rules

 

696.232     Returnof license by employee of agency; reissuance upon termination of employment

 

(ClientTrust Fund Accounts)

 

696.241     Clients’Trust Accounts; notice to agency; authority to examine account; branch trustaccount; interest earnings on trust account; when broker entitled to earnestmoney; funds not subject to execution; rules

 

696.243     Substitutingcopy for original canceled check allowed; electronic fund transfers

 

696.245     Clients’Trust Accounts; notice to bank; retention of copy

 

(Nonresidentand Reciprocal Real Estate Broker and Salesperson Licensing)

 

696.255     Nonresidentlicense equivalent to appointment of commissioner as agent for service ofprocess; service on commissioner; fee

 

696.265     Recognitionof nonresident real estate licensee; rules

 

(Miscellaneous)

 

696.270     Fees

 

696.280     Recordsof real estate brokers; rules

 

696.290     Sharingcompensation with or paying finder’s fee to unlicensed person prohibited;exceptions

 

696.294     Opinionletter; rules

 

696.301     Groundsfor discipline

 

696.310     Intracompanysupervision and control; effect of revocation on licensed associates

 

696.315     Prohibitionagainst licensee permitting nonlicensed individual to engage in activity withor on behalf of licensee

 

696.320     Effectof suspension or revocation of principal broker license on associated licensees

 

696.361     Regulationof real estate property manager

 

696.363     Relationshipbetween licensees as independent contractors or employer and employee

 

696.365     Cityor county business license tax

 

(Administration)

 

696.375     RealEstate Agency; Real Estate Commissioner; confirmation, salary and security ofcommissioner

 

696.385     Powerof agency; rulemaking procedures

 

696.392     Powerof commissioner to administer oaths, take depositions and issue subpoenas

 

696.395     Powerof commissioner

 

696.396     Investigationof complaints and progressive discipline; rules

 

696.398     Delegationby commissioner to employees; requirements

 

696.405     RealEstate Board; appointment; term; qualifications; compensation; expenses

 

696.415     Officers;meetings; quorum

 

696.425     Powersand duties of board; expenses

 

696.430     Recordsof commissioner as evidence; records open to inspection; rules

 

696.445     Advancementof education and research; Oregon Real Estate News Journal; content as todisciplinary actions

 

696.490     RealEstate Account; disposition of receipts

 

696.495     Revolvingfund; amount; use; procedure for repayment

 

ESCROWSAND ESCROW AGENTS

 

(Generally)

 

696.505     Definitionsfor ORS 696.505 to 696.590

 

696.508     Legislativefinding; short title

 

(Licensing)

 

696.511     Licenserequirement; licensing system; rules

 

696.520     Applicationof ORS 696.505 to 696.590

 

696.523     Applicationof ORS 696.505 to 696.590 to title insurance activities

 

696.525     Bondfor escrow agents

 

696.527     Depositsin lieu of bond; payment of claims; waiver

 

696.530     Expirationand renewal of license; fees; rules

 

696.532     Limitedlicense

 

696.534     Recordsof escrow agents; rules

 

696.535     Groundsfor refusing, suspending or revoking license or reprimanding licensee

 

696.541     Authorityof commissioner over escrow agents; rules

 

(Enforcement)

 

696.545     Investigation;injunction; jurisdiction

 

696.555     Commissionerto take possession of property and assets of escrow agent when assets orcapital impaired; appointment of receiver

 

696.570     Hearingsprocedure under ORS 696.505 to 696.590; subpoena

 

696.575     Civilor criminal actions not limited by ORS 696.505 to 696.590

 

696.577     Commissioner’sorder against unlicensed agent

 

(EscrowProperty)

 

696.578     Depositand designation of funds held in escrow; treatment of earnings on escrowaccount; notice

 

696.579     Fundsexempt from execution or attachment; designation of funds

 

696.581     Writtenescrow instructions or agreement required; statement; instructions containingblank prohibited; one-sided escrow; exceptions

 

696.582     Escrowagent to hold certain compensation; conditions; notice of demand; disbursementof money; copy of notice to principal

 

(CivilPenalties)

 

696.585     Civilpenalties

 

696.590     Penaltyamounts

 

REALESTATE MARKETING

 

696.600     Definitionsfor ORS 696.392, 696.600 to 696.785 and 696.995

 

696.603     Licenserequirement

 

696.606     Realestate marketing organization license; requirements; deposit required; claimsagainst deposit; rules

 

696.609     Exemptionsfrom ORS 696.392, 696.600 to 696.785 and 696.995

 

696.612     Groundsfor disciplinary action

 

696.615     Publicationof sanctions imposed for violations

 

696.618     Denialof right to court action for unlicensed real estate marketing organization

 

696.621     RealEstate Marketing Account

 

696.624     Consentby nonresident real estate marketing organization to service of summons orprocess required

 

696.627     On-siteinspection allowed; deposit

 

ACTIONSAND REMEDIES

 

696.710     Necessityof alleging license in action to collect compensation

 

696.720     Remediesare concurrent