How to Become a Real Estate Salesperson in Portland, Oregon
Have you ever considered becoming a real estate salesperson but weren’t sure where to start? Mbition has all the resources necessary to help you achieve your goal. We make it easy with our simple, step-by-step system that spells it out for you clearly and offers all the support you’ll need along the way.
Who Can Apply for a Portland State License?
It’s important to be aware of the requirements for getting your broker’s license within the city of Portland and to make sure you comply with laws and regulations specific to your state. To learn more about how to become a real estate salesperson in Portland, you can always refer to the state’s official website here. For those wishing to acquire a license, the stipulations are as follows:
- Applicants must be at least 18 years of age
- Have a highschool diploma, GED, or equivalent
If these prerequisites already apply to you, you’re ready to begin the application process.
Step-by-Step Path to Obtaining a Portland Real Estate License
The following six steps must be completed in order to become a real estate salesperson in Portland. Once you have completed these steps, the Oregon Real Estate Commission will issue you a broker’s license, allowing you to engage in real estate activity under the guidance of a principal real estate broker. Here’s how to become a real estate salesperson in Portland:
STEP ONE: To start with, you’ll want to apply for an account with Oregon’s online license management website. This will get you into the Portland state database system.
STEP TWO: Within this system, you can apply for a broker’s license and pay the $300 non-refundable fee. You will then be issued an Applicant ID number via email.
STEP THREE: Complete 150 hours of pre-license education courses. To do this, you’ll need to find a real estate school in Portland. Mbition is an approved institution for completing all of these credit hours and offers educational courses through the Silver Solution package with classes on:
- Property Management
- Real Estate Practice
- Real Estate Finance
- Real Estate Law
- Real Estate Contracts
- Real Estate Brokerage
With the purchase of this package, you’ll also receive materials to help you prepare for the license exam, including a national test review, test taking tips, and real estate flashcards. Beyond this basic package, there are alternative packages to choose from that include additional exam prep and study tools, instructor support from industry experts, as well as technical and software support available 24/7 through live chat, email, or phone--an extremely valuable addition for those wanting to improve their chances of success! These Mbition classes offer the most up-to-date information in the Portland real estate industry and will prepare you for a successful beginning as a real estate broker. To enroll, simply provide us with your full name and Applicant ID number. Order the package of your choice, and we will qualify you for clearance so you can take the broker’s license exam when the time comes.
STEP FOUR: Once you’ve put in all those study hours, it’s time to schedule your exam! You can schedule and pay for the exam here. Another good option is to call (833) 892-5441 to schedule a proctored exam with Psychological Services, Inc., or go online and click “Schedule My Test” at the top of the home page. The cost to take the exam is $75.00. You can learn more about the Portland Real Estate exam here.
STEP FIVE: Now, it’s test time! This is when your hard work and the support you received through Mbition really pays off! The exam consists of 80 national questions and 50 Oregon state-specific questions. You will be given 120 minutes to complete the national portion of the exam and 75 minutes to complete the state portion. Within the national section of the exam, you can expect to see questions about property ownership, valuation and market analysis, financing, and property disclosures. The Oregon state section will include questions relating to the handling of clients’ funds, document handling and record keeping, as well as property management. You must pass both sections with a score of 75% or higher.
STEP SIX: On the same day that you take the Oregon real estate exam, you’ll also be fingerprinted and submit to a background check. Background clearances take about three weeks from the time the check is administered. If you fail to fully disclose information during this step, you could be denied licensure. This is one way to prove that you are trustworthy and competent as a candidate.
STEP SEVEN: Once your background check clears, you’ll need to find a licensed principal broker for whom you can work. He or she will add your pending license into the brokerage until the Agency completes a final review of your application. At that point, you will be notified through email of your final status. Congratulations! You’re now a licensed agent!
As an authorized real estate school in Portland, Mbition is confident we can help you hurdle each of these steps so that you can obtain your real estate license and enjoy a successful career in this field.
License Renewal as a Portland Real Estate Broker
Once you have received your real estate license and are approved to practice as a broker in the state of Oregon, it’s necessary to renew your credentials and remain current when it comes to your real estate knowledge. The deadline for completing this renewal education will be on the last date of your birth month, every two years. Mbition is a real estate school in Portland that offers a hassle-free renewal process and includes the required 30 hours of educational material necessary for you to continue as a real estate agent. This package includes the mandatory 3 hour Oregon Law and Rule course. Our interactive courses have been designed by industry experts to offer engaging and relevant material. Mbition is your trusted online real estate partner, committed to your journey every step of the way! With forty years of service and experience in the industry, we are the experts you can count on. So if you’re ready to start the licensing process and want to know how to become a real estate salesperson in Portland, Mbition is the right place to begin!
Upgrading Your License as a Real Estate Salesperson in Portland
Once you have your real estate broker’s license, the day may come when you’re ready to take your career to the next level by upgrading to principal broker, home appraiser or home inspector. Mbition is here to assist you as you pursue licensure in any of these areas. Your success is our number one priority, and we’re prepared to help you obtain whatever license you have in mind. Our courses are custom designed to help you navigate whatever real-world scenarios come your way within any of these fields. You can take these courses at your own pace and enjoy the benefits of having real-time student support available to you all along the way. Join the 750,000 others who have made the choice to turn to Mbition to jumpstart their real estate career.