Oregon Revised Statutes Chapter 696 § 696.022 — who engage in residential property wholesaling

who engage in residential property wholesaling. (6) The requirement to register as a residential property wholesaler does not apply to a person: (a) Who is licensed under ORS 696.022 and is engaging in professional real estate activity; (b) Who is an attorney at law rendering services in the performance of duties as an attorney at law; (c) Who acts in the person’s official capacity as a receiver, a conservator, a trustee in bankruptcy, a personal representative or a trustee, or a regular salaried employee of the trustee, acting under a deed of trust, will or trust agreement, provided that the trustee does not use the trust agreement as a device to engage in residential property wholesaling without obtaining the necessary registration; (d) Who acts as attorney in fact under a duly executed power of attorney in which the authorized agent is the spouse of the principal, or the child, grandchild, parent, grandparent, sibling, aunt, uncle, niece or nephew of the principal or of the spouse of the principal, authorizing real estate activity if the power of attorney is recorded in the office of the recording officer for the county in which the real estate to be sold, leased or exchanged is located; or (e) Who acts as attorney in fact under a duly executed power of attorney from the owner or purchaser authorizing the supervision of the closing of or supervision of the performance of a contract for the sale, lease or exchange of real estate if the power of attorney was executed prior to July 1, 2002, in compliance with the requirements of law at the time of execution or if: (A) The power of attorney is recorded in the office of the recording officer for the county in which the real estate is located; (B) The power of attorney specifically describes the real estate; and (C) The person does not use the power of attorney as a device to engage in residential property wholesaling without obtaining the necessary registration. [2024 c.3 §2] Note: See note under 696.650.