management of rental real estate

  • "Management of rental real estate" means:

    (a) Representing the owner of real estate in the rental or lease of the real estate and includes but is not limited to:

    (A) Advertising the real estate for rent or lease;

    (B) Procuring prospective tenants to rent or lease the real estate;

    (C) Negotiating with prospective tenants;

    (D) Accepting deposits from prospective tenants;

    (E) Checking the qualifications and creditworthiness of prospective tenants;

    (F) Charging and collecting rent or lease payments;

    (G) Representing the owner in inspection or repair of the real estate;

    (H) Contracting for repair or remodeling of the real estate;

    (I) Holding trust funds or property received in managing the real estate and accounting to the owner for the funds or property;

    (J) Advising the owner regarding renting or leasing the real estate;

    (K) Providing staff and services to accommodate the tax reporting and other financial or accounting needs of the real estate;

    (L) Providing copies of records of acts performed on behalf of the owner of the real estate; and

    (M) Offering or attempting to do any of the acts described in this paragraph for the owner of the real estate; or

    (b) Representing a tenant or prospective tenant when renting or leasing real estate and includes but is not limited to:

    (A) Consulting with tenants or prospective tenants about renting or leasing real estate;

    (B) Assisting prospective tenants in renting or leasing real estate;

    (C) Assisting prospective tenants in qualifying for renting or leasing real estate;

    (D) Accepting deposits or other funds from prospective tenants for renting or leasing real estate and holding the funds in trust for the prospective tenants;

    (E) Representing tenants or prospective tenants renting or leasing real estate; and

    (F) Offering or attempting to do any of the acts described in this paragraph for a tenant or prospective tenant.

    Oregon Legislature 1