Oregon Revised Statutes Chapter 696 § 696.395 — Power
Oregon Revised Statutes Chapter 696 ·
Oregon Code § 696.395·Enacted ·Last updated March 01, 2026
Statute Text
Power
of commissioner.
The Real Estate Commissioner shall have the power to:
(1) For the
purpose of administration, organize and reorganize, as necessary, the Real
Estate Agency in the manner that the commissioner deems necessary to properly
conduct the work of the agency.
(2) Appoint all
subordinate officers and employees of the agency, or such other agents or
representatives, and prescribe their duties and fix their compensation, subject
to the applicable provisions of the State Personnel Relations Law. Subject to
any other applicable law regulating travel expenses, the officers, employees,
agents or representatives of the agency shall be allowed such reasonable and
necessary travel and other expenses as may be incurred in the performance of
their duties.
(3) Require a
fidelity bond or an irrevocable letter of credit issued by an insured
institution as defined in ORS 706.008 of any officer or employee of the agency
who has charge of, handles or has access to any state money or property, and
who is not otherwise required by law to give a bond or letter of credit. The
amounts of the bonds or letters of credit shall be fixed by the commissioner,
except as otherwise provided by law, and the sureties or letter of credit
issuers shall be approved by the commissioner. The agency shall pay the premium
on the bonds and the fees for the letters of credit. [1963 c.580 §42; 1977
c.649 §45; 1987 c.414 §38a; 1991 c.331 §105; 1997 c.631 §524]
Plain English Explanation
This Oregon statute addresses Power
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 696.395
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Power
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