Current Oregon Real Estate Income, Sales, and Trends

Graphic of OR Residential Statistics showing various housing data for Oregon including a homeownership rate of 62.8%, total housing units at 1,813,747, and a median gross rent of $1,370, along with a breakdown of housing value percentages in different price ranges.

As per reports from leading job recruiters, the average annual base salary for real estate agents in Oregon is $93,786. This is almost equal to the national average, making Oregon a great state for people looking for real estate jobs.

Some top real estate brokers here take home even as much as $195,020. This, combined with commissions, makes a real estate career in Oregon quite bankable.

Therefore, if you want to discover how to become a real estate agent in Oregon, you are on the right track.

Reactivating Your Real Estate License and Cross-State License Acceptance in Oregon

If your real estate license has been inactive for more than 2 years, follow these steps to activate it:

  • Pay and pass a reactivation exam under OAR 863-014-0020 (Examinations).1
  • Submit a reactivation application online via the Agency’s website.
  • Pay for the agency a reactivation fee according to ORS 696.270 (Fees).2

After this, the real estate agency changes the status of your license from inactive to active.

On the other hand, if you are a license holder from another state, Oregon state has some requirements for you to fulfill. Only after this can you conduct real estate activities in Oregon.

Oregon does not offer any education or examination waivers for licensees from other states.

The only waivers available are for states with reciprocal agreements with Oregon. These states include:

  • Alberta
  • Alabama
  • Nebraska
  • Georgia
  • South Dakota

However, you should note that the reciprocal licensing requirements are specific. As such, contact the agency to get more details.3

References

1Public.Law. (2023). OAR 863-014-0020 – Examinations. OregonLaws. Retrieved October 31, 2023, from <https://oregon.public.law/rules/oar_863-014-0020>

2Public.Law. (2023). ORS 696.270 – Fees. OregonLaws. Retrieved October 31, 2023, from <https://oregon.public.law/statutes/ors_696.270>

3Oregon Real Estate Agency. (2023). Out-of-State Licensees. Oregon.gov. Retrieved October 31, 2023, from <https://www.oregon.gov/rea/licensing/get-license/Pages/out-of-state-licensees.aspx>