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OregonSB 15132026 Regular SessionSenateWALLET

Relating to real estate professionals; and declaring an emergency.

Sponsored By: Sponsor information unavailable

Became Law

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 1 costs, 2 mixed.

New rules for real estate teams

Beginning July 1, 2027, Oregon defines a real estate team as a group within a brokerage that uses a different name. A team can form only with the managing principal broker’s approval. Anyone who supervises team members must be a principal broker and, if not the managing principal broker, must have a written supervisory agreement. Team names cannot use “realty” or “real estate,” and cannot match the brokerage’s registered business name. These rules set who can lead teams and how teams brand and operate.

Limits on teams representing both sides

Beginning July 1, 2027, a real estate team cannot represent more than one party in the same deal, or two buyers for the same property, unless all affected parties sign a disclosed limited agency agreement. This reduces undisclosed conflicts of interest. Teams must secure the proper agreement before taking on the second client.

Team agents must give client disclosure

Beginning July 1, 2027, a team member must give a client disclosure before any written listing or representation agreement. The form lists each team member and role, who is licensed, who supervises, the managing principal broker, and the brokerage’s registered name. It also states when a disclosed limited agency agreement is needed if the team already represents another party in the deal. This helps buyers and sellers understand who is involved before they sign.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 84 • No: 0

House vote • 3/2/2026

Third reading. Carried by Breese-Iverson. Passed.

Yes: 41 • No: 0

House vote • 2/26/2026

Housing and Homelessness: Heard and Reported Out

Yes: 11 • No: 0

Senate vote • 2/19/2026

Third reading. Carried by Meek. Passed.

Yes: 27 • No: 0

Senate vote • 2/11/2026

Commerce and General Government: Heard and Reported Out with Amendments

Yes: 5 • No: 0

Actions Timeline

  1. Effective date, March 31, 2026.

    4/6/2026Senate

  2. Chapter 76, 2026 Laws.

    4/6/2026Senate

  3. Governor signed.

    3/31/2026Senate

  4. Speaker signed.

    3/5/2026House

  5. President signed.

    3/5/2026Senate

  6. Third reading. Carried by Breese-Iverson. Passed.

    3/2/2026House

  7. Second reading.

    2/27/2026House

  8. Recommendation: Do pass.

    2/27/2026House

  9. Work Session held.

    2/26/2026House

  10. Public Hearing held.

    2/24/2026House

  11. Referred to Housing and Homelessness.

    2/20/2026House

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

    2/19/2026House

  13. Third reading. Carried by Meek. Passed.

    2/19/2026Senate

  14. Carried over to 02-19 by virtue of adjournment.

    2/18/2026Senate

  15. Second reading.

    2/17/2026Senate

  16. Recommendation: Do pass with amendments. (Printed A-Eng.)

    2/16/2026Senate

  17. Work Session held.

    2/11/2026Senate

  18. Public Hearing held.

    2/4/2026Senate

  19. Referred to Commerce and General Government.

    2/2/2026Senate

  20. Introduction and first reading. Referred to President's desk.

    2/2/2026Senate

Bill Text

  • Enrolled

    3/3/2026

    PDF

  • A-Engrossed

    2/16/2026

    PDF

  • Senate Amendments to Introduced

    2/16/2026

    PDF

  • SCGG Amendment -1 (Adopted)

    2/11/2026

    PDF

  • Introduced

    1/28/2026

    PDF

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