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Real Estate Broker
Total cost: $1265
Some details on this page are not yet confirmed against an official source. See sources below or contact the licensing board to verify.
40 hrs
Pre-License Hours
3 yrs
Experience Required
Yes
Exam Required
30 hrs
CE Hours
$1265
Total Fees
Permitted
Dual Agency
Broker Pre-License Education
Mostly verifiedPre-License Hours
40 hours
College Degree Required
No
Approved Providers
Oregon-approved real estate schools, colleges, and online providers
Additional Broker Courses
Additional broker-specific courses in management, supervision, and advanced real estate topics required beyond salesperson education
Course Topics
Real estate broker education requirements include pre-license coursework covering topics such as real estate law, brokerage management, contracts, finance, and ethics. Some states require a college degree in addition to pre-license hours, while others accept equivalent experience.
Browse Real Estate Broker study materials on Amazon →(affiliate link)
Start with the salesperson license
Broker licensing in Oregon typically requires completing your salesperson (real estate agent) license first and practicing for 3 years before you can sit for the broker exam. The pre-licensing courses below are the recommended starting point on the path to a broker license.
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Agent Experience & Transaction History
Mostly verifiedAgent Experience Required
Prior real estate sales agent experience
3 yrs
Min Years as Agent
Most states require a period of active experience as a licensed real estate sales agent before qualifying for a broker license. Some states use a points-based system or require a minimum number of closed transactions as an alternative or additional requirement.
State Broker Exam
Mostly verifiedState Broker Exam Required
Real estate broker licensing examination
Multiple-choice; national and state-specific portions
Format
PSI
Provider
75%
Passing Score
$75
Exam Fee
Exam Sections
The real estate broker exam typically includes both a national portion covering general real estate principles and a state-specific portion covering local laws and regulations. Exams are usually administered by third-party providers such as PSI or Pearson VUE at authorized testing centers.
Overall licensing difficulty: 13/100
Study recommendation: 1–2 weeks of focused review is usually sufficient
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Broker Exam Prep Books
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Difficulty rating based on education, exam, and experience requirements. Individual experience may vary.
Real Estate Broker Exam
Passing Score
75%
Format
Multiple-choice; national and state-specific portions
Administered By
PSI
Key Topics Covered
Cost of failing
Retake fee: $75Invest in preparation to pass the first time.
How long should you study? Most candidates study 2–4 weeks before taking the Real Estate Broker Exam.
Study guides for the real estate broker licensing exam.
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Broker Practice Capabilities
VerifiedYes
Independent Practice
Yes
Supervise Agents
Yes
Operate Brokerage
Yes
Property Management
Yes
Escrow Handling
Yes
Dual Agency
Yes
Designated Agency
Restricted Activities
Real estate brokers have a broader scope of practice than sales agents, including the ability to operate their own brokerage, supervise agents, and handle escrow funds. Dual agency (representing both buyer and seller) and designated agency rules vary significantly by state.
| Fee | Amount |
|---|---|
Application Fee | $300 |
Exam Fee Paid to PSI | $75 |
License Fee | $300 |
E&O Insurance Errors and omissions insurance; varies by provider | $200 |
MLS Fees MLS membership varies by local association | $400 |
Renewal Fee | $300 |
Total Initial Fees Includes application, exam, license, E&O insurance, and MLS fees | $1265 |
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Renewal & CE Requirements
Mostly verified2 years
Renewal Period
30 hrs
CE Hours Required
3-hour post-licensing course required within first year of broker licensure (per OREA). For Principal Brokers: Broker Advanced Practices (BAP) course required during active CE.
Post-License Education
Required CE Topics
Renewal Fee
$300
Regulatory Board
Broker licenses must be renewed on schedule with the state real estate commission. Continuing education typically covers topics such as ethics, fair housing, agency law, and state-specific legal updates. Some states also require post-license education within the first renewal period.
Out-of-State Reciprocity
VerifiedAccepts Out-of-State Credentials
Endorsement Available
Yes
ARELLO Certification
Accepted
Reciprocal States
Reciprocity Requirements
Real estate broker reciprocity agreements allow brokers licensed in one state to obtain a license in another state with reduced requirements. ARELLO (Association of Real Estate License Law Officials) certification may be accepted in some states. Requirements typically include passing the state-specific portion of the broker exam.
Moving to another state? Use our Transfer Tool to see what you need →
Compare Oregon with other states →
See how requirements, costs, and timelines differ across all 50 states.
Oregon has 2-tier broker structure: 'Broker' is entry-level (150-hr pre-license, equivalent to Salesperson in most states); 'Principal Broker' is upgrade tier (40-hr Brokerage Administration and Sales Supervision/BASS course, allows independent practice). 3 years active licensed real estate experience required. Reciprocity ONLY with Alberta, Canada — no US state reciprocity. Major legislative changes effective 1/1/2026: HB 3137 (Managing Principal Broker designation, mandatory 2-hr Fair Housing CE, LARRC reduced 3→2 hours, written supervisory agreements); HB 2373 (new Timeshare Sales Agent license category). Effective 7/1/2026: Proficiency assessments required before first active renewal. eLicense portal at OREA. Individual can hold only ONE real estate license (Broker, Principal Broker, or Property Manager) at a time.
Oregon has 2-tier broker structure: 'Broker' is entry-level (150-hr pre-license, equivalent to Salesperson in most states); 'Principal Broker' is upgrade tier (40-hr Brokerage Administration and Sales Supervision/BASS course, allows independent practice and brokerage ownership).
Schema's 'Principal Broker' credential targets the upgrade tier; 150-hr Broker pre-license is prerequisite captured via experience.
Experience: 3 years of active licensed real estate experience (per OAR 863-014-0040(a)).
30 CE hours per 2-year renewal cycle. Effective 7/1/2022: 3-Hour Law and Rule Required Course (LARRC) including state and national fair housing.
Effective 1/1/2026 (HB 3137): New 'Managing Principal Broker' designation; real estate teams formally recognized; mandatory 2-hr Fair Housing CE; LARRC reduced from 3→2 hours; written supervisory agreements required.
Effective 1/1/2026 (HB 2373): New 'Timeshare Sales Agent' license category.
Effective 7/1/2026: Proficiency assessments required before first active renewal.
Reciprocity ONLY with Alberta, Canada (no US state reciprocity; no waivers).
Individuals can hold only one real estate license at a time (Broker, Principal Broker, or Property Manager — not multiple).
Application portal: eLicense (Oregon Real Estate Agency).
Min age 18.
Dual agency is permitted with proper disclosure in Oregon.
Real Estate Broker Schools in Oregon
Compare approved training programs, costs, and requirements.
Oregon requires 40 hours of pre-license education and 3 years of agent experience for broker licensure. A state broker exam is required. All licensing is managed through the Oregon Real Estate Agency.
Requirements vary by state. Always verify current requirements with your state real estate commission.