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OregonHB 23732025 Regular SessionHouseWALLET

Relating to timeshare sales agents; and declaring an emergency.

Sponsored By: David Gomberg (Democratic), Shelly Boshart Davis (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

10 provisions identified: 4 benefits, 0 costs, 6 mixed.

Timeshare agents skip continuing education requirements

Timeshare agents are exempt from the 30-hour real estate continuing education requirement for license renewal. The exemption also covers first reactivation after a license was renewed to inactive status. Agents are exempt from related attendance reporting and the requirement to keep attendance records for at least three years. These exemptions do not remove their initial training requirement.

Timeshare license fees have dollar caps

The Real Estate Agency's fee caps cover timeshare agents and the other license types listed in the law. Maximum fees are $300 for an application or an active license renewal, including an active limited license. Inactive renewals, including inactive limited licenses, are capped at $150; reactivation and late renewal fees are also capped at $150 each. Name changes and transfers between registered business names are capped at $10 each. These are maximum charges, not necessarily the fees the agency charges.

Timeshare agents get local tax protection

Beginning January 1, 2026, cities and counties cannot impose or collect a business license tax from qualifying timeshare agents. The exemption applies only when their professional real estate work is solely as an agent of a principal real estate broker. It does not cover agents doing that work in another capacity.

Timeshare price opinions get content standards

A timeshare agent's written price recommendation counts as a letter opinion when based on the agent's competitive market analysis. This covers recommended listing, selling, or purchase prices. The Real Estate Commissioner must set minimum contents for these opinions by rule; the law does not list those contents.

Some timeshare resales need no license

A person without a real estate license may offer their own timeshare for sale. Licensing exemptions also cover transfers by deed in lieu of foreclosure and at foreclosure sales. A managing entity may resell a timeshare acquired after an occupancy contract ends, through a transfer or termination, or at foreclosure. These covered transfers do not carry the licensing requirements that otherwise apply to real estate sales.

Timeshare agents can receive limited licenses

The Real Estate Commissioner may give a timeshare agent applicant a limited license when it serves the public interest. Limits can cover the license's length, supervision, or other conditions that protect the public. After revocation for real estate work other than rental management, the commissioner cannot issue a new license until statutory licensing requirements are met. The commissioner may instead issue a limited license when that serves the public interest.

Broker status limits agents' work and claims

A principal broker's suspension or revocation makes associated timeshare agents' licenses inactive until transfer. The agency must transfer a license when the agent requests it within 30 days after that action takes effect and pays the transfer fee. Beginning January 1, 2026, only the principal broker associated with an agent when a compensation claim arose can pursue it against a client. An agent seeking compensation must allege and prove they held a real estate license when the claim arose.

Timeshare agents need training and licenses

Oregon creates a separate license for timeshare sales agents, bringing their sales work under specified real estate laws. Applicants must be at least 18, complete at least 14 hours of instruction, and pass the required state exam. Training covers ethics, timeshare laws and rules, and sales practices. Agents need an active license and must work under a principal real estate broker. They may sell only timeshares and cannot employ, engage, or supervise other real estate licensees. The law took effect July 1, 2025; most substantive rules operate January 1, 2026.

Timeshare agents gain ownership with limits

Associated timeshare agents may own part of a business their principal broker uses for real estate work. They cannot control or supervise another licensee's real estate work. Agents face discipline for representing, attempting to represent, or taking pay from a different principal broker. Discipline includes suspension, revocation, reprimand, or denial of a license or renewal. Principal brokers sharing a registered business name must allocate supervision of timeshare agents in writing, including unlisted and future agents. They share equal control and responsibility for agent work their agreement leaves uncovered.

Timeshare agents get trust deposit exemptions

Timeshare agents are exempt from specified rules requiring supervised licensees' trust funds to enter a principal broker's client trust account. A separate exemption covers an agent forwarding a buyer's check payable to a property owner or seller. These exemptions reduce deposit duties but remove those specified trust-account safeguards for covered funds.

Sponsors & Cosponsors

Sponsors

  • David Gomberg

    Democratic • House

  • Shelly Boshart Davis

    Republican • House

Cosponsors

  • Bobby Levy

    Republican • House

  • Boomer Wright

    Republican • House

  • Bruce Starr

    Republican • Senate

  • Mark Meek

    Democratic • Senate

  • Ricki Ruiz

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 96 • No: 0

Senate vote • 4/30/2025

Third reading. Carried by Bonham. Passed.

Yes: 28 • No: 0

Senate vote • 4/22/2025

Labor and Business: Heard and Reported Out

Yes: 5 • No: 0

House vote • 4/7/2025

Third reading. Carried by Boshart Davis. Passed.

Yes: 55 • No: 0

House vote • 3/25/2025

Commerce and Consumer Protection: Heard and Reported Out with Amendments

Yes: 8 • No: 0

Actions Timeline

  1. Chapter 39, (2025 Laws): Effective date July 1, 2025.

    5/20/2025House

  2. Governor signed.

    5/8/2025House

  3. President signed.

    5/1/2025Senate

  4. Speaker signed.

    5/1/2025House

  5. Third reading. Carried by Bonham. Passed.

    4/30/2025Senate

  6. Carried over to 04-30 by unanimous consent.

    4/29/2025Senate

  7. Second reading.

    4/28/2025Senate

  8. Recommendation: Do pass the A-Eng. bill.

    4/28/2025Senate

  9. Work Session held.

    4/22/2025Senate

  10. Public Hearing held.

    4/17/2025Senate

  11. Referred to Labor and Business.

    4/8/2025Senate

  12. First reading. Referred to President's desk.

    4/8/2025Senate

  13. Third reading. Carried by Boshart Davis. Passed.

    4/7/2025House

  14. Rules suspended. Carried over to April 7, 2025 Calendar.

    4/3/2025House

  15. Rules suspended. Carried over to April 3, 2025 Calendar.

    4/2/2025House

  16. Second reading.

    4/1/2025House

  17. Subsequent referral to Ways and Means rescinded by order of the Speaker.

    3/31/2025House

  18. Recommendation: Do pass with amendments, be printed A-Engrossed, and subsequent referral to Ways and Means be rescinded.

    3/31/2025House

  19. Work Session held.

    3/25/2025House

  20. Public Hearing held.

    2/25/2025House

  21. Referred to Commerce and Consumer Protection with subsequent referral to Ways and Means.

    1/17/2025House

  22. First reading. Referred to Speaker's desk.

    1/13/2025House

Bill Text

  • HCCP Amendment -3 (Adopted)

    3/25/2025

    PDF

  • A-Engrossed

    PDF

  • Enrolled

    PDF

  • House Amendments to Introduced

    PDF

  • Introduced

    PDF

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