When you join the Oregon real estate market, you will discover a lot of exciting advantages. Getting a real estate license and becoming a licensed real estate agent gives you the ability to control your work, manage your schedule and income.
By choosing this career path, you will be your own boss and have a range of options to make money while taking control of your job.
You can get your real estate license if you meet the state claims and demands. Learn the requirements below.
If you plan on getting a real estate license in Oregon, you will need to take and pass the Oregon real estate exam. Thus, you may have worries about passing the examination.
First of all remember that no exam is easy to take and pass. Every examination has its difficulties, its positive and negative sides. However, this exam is comparatively easier to pass.
The examination comprises of 130 questions. Eighty of the questions belong to the national section and fifty questions belong to the state section. For each section, you will have respectively 75 and 120 minutes to complete the test.
The passing score for the real estate exam is 75% or higher. For the national section, you will need to get at least 60 of the 80 right. And for the state section, you will need to get 38 out of 50 right.
There is no limit on the number of times you may take the real estate exam. Hence, you may take it as many times as you want until you pass it.
In the state of Oregon, the average real estate agent makes about $81k per year.
The average real estate agent with two or three years of experience makes about $73k per year, while an agent with ten years of experience makes approximately $97k.
In Oregon, the Brokerage House Realtors, Bustos Real Estate, Real Estate Brokerage and Robert Slack LLC are among the best real estate companies.
What comes to the salary, then Medford, Portland and North Bend are among the highest paying cities.
Besides the salary, there are other advantages for real estate agents in Oregon as well. For example, most real estate agents enjoy flexible schedules, work from home, professional development assistance and health insurance.
In Oregon, a real estate agent or salesperson is usually referred to as “real estate broker”. However, you can use both terms.
To become a licensed real estate agent in Oregon, you must obtain a real estate license.
To have a license, you must be at least 18 years old and a US citizen. You will also need to have a high school diploma for real estate license. As you may notice, you will not need a college degree.
The first real step is to complete appropriate pre-license education. You will need to complete 150 hours on the followings:
After meeting the pre-license education requirements, you can take the state licensing exam. It will test your real estate knowledge and the state will see if you know what it takes to become a real estate agent.
You should pay $75 for each examination attempt.
After taking the exam, you will receive the exam results, telling you whether you failed or passed.
The Oregon Real Estate Agency requires that a future real estate agent passes a background check. When you fill in the application for licensure, it will automatically count as background check as the latter contain questions on criminal history.
After passing the state licensing exam, you will have your fingerprints taken here. The fingerprinting service will cost you $56.
To apply for your Oregon real estate license, you must create an account and register for the exam. Create your account here.
You should pay $300 for the application. After the given application is processed, you will get your Applicant ID number by email.
Oregon Real Estate Agency
1177 Center St. NE
Salem, OR 97301-2505
To work as a professional real estate agent in the state of Oregon, one must meet all of the state’s licensing requirements, regardless of the fact of holding a license in another state.