Question

After a broker's agency relationship with an Oregon Principal broker is terminated, the broker's license, if it is not reissued, revoked or suspended, will become an inactive license within:

a) 30 days
b) 60 days
c) 90 days
d) 120 days

Answer 1

An Oregon broker's license becomes inactive within 30 days after termination of the agency relationship with the Principal broker, provided that it is not reissued, revoked, or suspended.

Step-by-step explanation:

When a broker's agency relationship with an Oregon Principal broker is terminated, and assuming the broker's license is not reissued, revoked, or suspended, the license will automatically become an inactive license within a certain timeframe. According to Oregon real estate regulations, that timeframe is 30 days. During this period, the broker cannot engage in real estate activity that requires a license until they establish another agency relationship with a new Principal broker or take other action as may be required under Oregon law.