Chapter 696 Real Estate and Escrow Activities

Real Estate Licensees

§ 696.007 Statement of legislative purpose
§ 696.010 Definitions
§ 696.015 Legislative finding

Licensing

§ 696.020 License required for individuals engaged in professional real estate activities
§ 696.022 Licensing system for real estate brokers and property managers
§ 696.024 Payments due and owing to Real Estate Agency
§ 696.026 Registration of business names
§ 696.030 Exemptions
§ 696.040 Single act sufficient to constitute professional real estate activity
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Client Trust Fund Accounts

§ 696.241 Clients trust accounts
§ 696.243 Substituting copy for original canceled check allowed
§ 696.245 Clients trust accounts

Nonresident and Reciprocal Real Estate Broker and Salesperson Licensing

§ 696.255 Nonresident license equivalent to appointment of commissioner as agent for service of process
§ 696.265 Recognition of nonresident real estate licensee

Miscellaneous

§ 696.270 Fees
§ 696.280 Records of licensed real estate property managers and real estate brokers
§ 696.290 Sharing compensation with or paying finders fee to unlicensed person prohibited
§ 696.294 Opinion letter
§ 696.301 Grounds for discipline
§ 696.310 Intracompany supervision and control
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Administration

§ 696.375 Real Estate Agency
§ 696.385 Power of agency
§ 696.392 Power of commissioner to administer oaths, take depositions and issue subpoenas
§ 696.395 Power of commissioner
§ 696.396 Investigation of complaints and progressive discipline
§ 696.397 Cease and desist order
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Escrows and Escrow Agents

Generally

§ 696.505 Definitions for ORS 696.505 to 696.590
§ 696.508 Legislative finding

Licensing

§ 696.511 License requirement
§ 696.520 Application of ORS 696.505 to 696.590
§ 696.523 Application of ORS 696.505 to 696.590 to title insurance activities
§ 696.525 Bond for escrow agents
§ 696.527 Deposits in lieu of bond
§ 696.530 Expiration and renewal of license
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Enforcement

§ 696.545 Investigation
§ 696.555 Commissioner to take possession of property and assets of escrow agent when assets or capital impaired
§ 696.570 Hearings procedure under ORS 696.505 to 696.590
§ 696.575 Civil or criminal actions not limited by ORS 696.505 to 696.590
§ 696.577 Commissioners order against unlicensed agent

Escrow Property

§ 696.578 Deposit and designation of funds held in escrow
§ 696.579 Funds exempt from execution or attachment
§ 696.581 Written escrow instructions or agreement required
§ 696.582 Escrow agent to hold certain compensation

Civil Penalties

§ 696.585 Civil penalties
§ 696.590 Penalty amounts

Real Estate Marketing

§ 696.600 Definitions for ORS 696.392, 696.600 to 696.785 and 696.995
§ 696.603 License requirement
§ 696.606 Real estate marketing organization license
§ 696.609 Exemptions from ORS 696.392, 696.600 to 696.785 and 696.995
§ 696.612 Grounds for disciplinary action
§ 696.615 Publication of sanctions imposed for violations
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Actions and Remedies

§ 696.710 Necessity of alleging license in action to collect compensation
§ 696.720 Remedies are concurrent
§ 696.730 Jurisdiction of courts for violations
§ 696.775 Authority of commissioner when license lapsed, expired, revoked, suspended or surrendered
§ 696.785 Commissioner duties when illegal commingling of funds found

Miscellaneous

§ 696.790 Authority of commissioner to require fingerprints
§ 696.795 Authority of commissioner to conduct investigations and proceedings

Agents Obligations

§ 696.800 Definitions
§ 696.805 Real estate licensee as sellers agent
§ 696.810 Real estate licensee as buyers agent
§ 696.815 Representation of both buyer and seller
§ 696.820 Agency disclosure pamphlet
§ 696.822 Liability of principal for act, error or omission of agent or subagent
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Duties of Real Estate Property Managers

§ 696.890 Duties of real estate property managers

Penalties

§ 696.990 Penalties
§ 696.995 Civil penalties for violation of ORS 696.603, 696.606 or 696.612

Source:
Legislative Counsel Committee, CHAPTER 696—Real Estate and Escrow Activities, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors696.­html (2015) (last ac­cessed Jul. 16, 2016).