Oregon Code § 696.320·Enacted ·Last updated March 01, 2026
Statute Text
Effect
of suspension or revocation of principal broker license on associated
licensees.
The
suspension or revocation of a managing principal brokers license renders
inactive every license of the real estate brokers and timeshare sales agents
engaged by the managing principal broker pending a transfer of the license. The
Real Estate Agency shall transfer a license rendered inactive under this section
if the real estate licensee requests a transfer within 30 days after the
effective date of the suspension or revocation of the managing principal brokers
license and pays a transfer fee. [Amended by 1969 c.674 §18; 1975 c.746 §24;
1977 c.649 §43; 1981 c.617 §15b; 1989 c.724 §10; 2001 c.300 §32; 2005 c.116 §9;
2025 c.39 §16; 2025 c.389 §23]
Plain English Explanation
This Oregon statute addresses Effect
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 696.320
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Effect
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