OREN-J_October_2013

Oregon Real Estate News-Journal Official Publication of the Oregon Real Estate Agency

Volume 67, Number 2, October 2013

CE Audits Start with October Renewals Gene Bentley, Real Estate Commissioner T he Oregon Real EstateAgency will be conducting continuing education record audits, start- ing with the October 2013 active license renewals.

Continuing Education Required for All Ac- tive License Renewals........................ 7 Home Rescue Program Helps Struggling Homeowners....................................... 8 Agency Investigation Leads to Arrests in Timeshare Fraud................................. 9 Timeshare Resale Fraud....................... 9 Administrative Actions......................... 10 Agency Staff Changes........................ 12 The Governor signed SB 23 into law on May 16, 2013, and it became effective July 1, 2013. TheAgency has provided a summary be- low, but all licensees and interested parties are encouraged to read the entire bill. Please see Changes to License Law , page 2 Forms to the Agency. Continuing education requirements can be found on the Agency’s website. Licensees who fail to comply with an audit request, refuse to participate, or provide inac- curate or false information may face disci- plinary action. This can include a reprimand, suspension, or revocation of the license. All licensees have been responsible for maintaining their own continuing education records since January 1, 2011. If you are missing continuing education records, it is suggested you contact your continuing edu- cation providers directly for assistance.

Audit participants will be ran- domly selected from all active real estate license renewals completed in the previous month. This includes broker, principal brokers and property man- ager licensees. Licensees chosen for the audit will sub- mit all their certificates of attendance and completed Continuing Education Record

Commissioner Gene Bentley

Changes Made to License Law The Oregon Legislature passed Senate Bill 23 during the 2013 regular session. The bill, submitted by the Oregon Real Estate Agency, improves the readability of Or- egon Revised Statute chapter 696 as well as clarifies the responsibilities of real estate licensees.

IN THIS ISSUE

Oregon Real Estate Agency 1177 Center St.NE Salem, OR 97301 (503) 378-4170 (503) 378-3256 Fax www.rea.state.or.us

Legislation Affects Real Estate and Landloard-Tenant Laws.......................4 Disclosure Pamphlet Rules Filed...........6 Agency Must Be Notified of E-mail Changes..............................................6 Out-of-State Broker Exam Scores No Longer Accepted..................................6 Advanced Practices Required for New Brokers and Property Managers..........6

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