Title 52, Occupations and Professions

(1) For the purpose of an investigation or proceeding under this chapter, the commissioner may administer oaths and affirmations, subpoena witnesses, compel their attendance, take evidence and require the production of books, papers, correspondence, memoranda, agreements or other…

As used in ORS 696.392, 696.600 to 696.785, 696.800 to 696.870 and 696.995, unless the context requires otherwise: (1) “Agent” means: (a) A managing principal broker who has entered into: (A) A listing agreement with a seller; (B) A representation agreement with a buyer to repres…

(1) A real estate licensee representing a seller in a transaction is required to act under a written listing agreement with the seller. The listing agreement must: (a) Be entered into before the real estate licensee begins offering the property for sale or making efforts to find …

(1) A real estate licensee representing a buyer is required to act under a written representation agreement with the buyer. The representation agreement must: (a) Be entered into before, or as soon as reasonably practicable after, the licensee has commenced efforts to assist the …

(1) A real estate licensee may represent both the seller and the buyer in a real estate transaction as a disclosed limited agent under a disclosed limited agency agreement, with full disclosure of the relationship under the agreement. The real estate licensee must also have a wri…

(1) The Real Estate Commissioner shall prescribe by rule the format and content of an initial agency disclosure pamphlet. The rules must provide that the initial agency disclosure pamphlet is informational only and may not be construed to be evidence of intent to create an agency…

(1) A principal is not liable for an act, error or omission by an agent or subagent of the principal arising out of an agency relationship established under ORS 696.805, 696.810, 696.815 or 696.820: (a) Unless the principal participates in or authorizes the act, error or omission…

None of the affirmative obligations of a real estate licensee or agent in a real estate transaction under ORS 696.805, 696.810 or 696.815 relieves a seller or a buyer from the responsibility to protect the seller’s or buyer’s own interests respectively. [1993 c.570 §9] Note: See …

The payment of compensation or the obligation to pay compensation to a real estate licensee by the seller or the buyer is not necessarily determinative of a particular agency relationship between a real estate licensee and the seller or the buyer. After full disclosure of agency …

When signing an offer to purchase, each buyer shall acknowledge the existing agency relationships, if any. When a seller accepts or rejects an offer to purchase in writing, each seller shall acknowledge the existing agency relationships, if any. An agent to the real property tran…

(1) ORS 696.301, 696.392, 696.600 to 696.785, 696.890 and 696.995 do not directly, indirectly or by implication limit or alter any preexisting common law or statutory right or remedy including actions for fraud, negligence or equitable relief. (2) Common law and statutory remedie…

(1)(a) A real estate licensee representing a seller of real property has a duty to inform each represented seller of the seller’s duties created by this section and ORS 105.462 to 105.490 and 696.301. (b) A real estate licensee representing a buyer of real property has a duty to …

Nothing in ORS 163A.005 to 163A.235, 696.301, 696.805, 696.810, 696.815 or 696.855 creates an obligation on the part of a person licensed under this chapter to disclose to a potential purchaser of residential property that a sex offender registered under ORS 163A.010, 163A.015, 1…

(1) As used in this section: (a) “Management of rental real estate” has the meaning given that term in ORS 696.010. (b) “Property management agreement” has the meaning given that term in ORS 696.010. (c) “Real estate property manager” has the meaning given that term in ORS 696.01…

(1) Violation of any provision of ORS 696.010 to 696.130, 696.200, 696.205, 696.241 to 696.375, 696.392, 696.395 to 696.430, 696.490, 696.600 to 696.785 and 696.995 is a Class A misdemeanor. (2) Any officer, director or shareholder or agent of a corporation, or member or agent of…

(1) Any person who violates ORS 696.603, 696.606 or 696.612 may be required by the Real Estate Commissioner to forfeit and pay to the General Fund of the State Treasury a civil penalty in an amount determined by the commissioner of: (a) Not less than $100 nor more than $500 for t…

(1) Knowingly violating any of the provisions of ORS 696.653, 696.662 or 696.665 is a Class A misdemeanor. (2) Any officer, director, shareholder, member, manager or agent of a corporation, limited liability company, partnership or association, who personally participates in or i…