Oregon Broker David is affiliated with Pacific Realty. He decides to move to Cascade Properties and begins working there on Monday. His Principal Broker at Pacific Realty has not yet released his license. Under Oregon law, which statement is correct?
Correct Answer
B) David may not engage in real estate activities at Cascade Properties until his license has been properly transferred and affiliated with the new Principal Broker
Under ORS Chapter 696, an Oregon Broker's license must be properly affiliated with a licensed Principal Broker before the Broker may engage in real estate activities under that Principal Broker. Until the license transfer is completed and recorded with OREA, David does not have legal authority to practice at Cascade Properties.
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