Recognition of nonresident real estate licensee
- • rules
Notwithstanding ORS 696.040 (Single act sufficient to constitute professional real estate activity) to 696.232 (Return of license by employee of agency) and 696.255 (Nonresident license equivalent to appointment of commissioner as agent for service of process), the Real Estate Commissioner may prescribe by rule the terms and conditions for license recognition of a nonresident real estate broker or salesperson and for reciprocity agreements with other states and countries, including but not limited to application procedures, license qualifications, license maintenance, limitations on activities and license renewal requirements. [1989 c.532 §4; 1999 c.470 §3; 2001 c.300 §24]
Note: 696.265 (Recognition of nonresident real estate licensee) was added to and made a part of 696.010 (Definitions) to 696.495 (Revolving fund) by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
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