What Is the Difference Between a Broker and Principal Broker License?

  • A broker license is an entry-level option for aspiring real estate professionals. Brokers can only conduct real estate activities while supervised by a principal broker.
  • A principal broker license requires three years of experience and additional training. Real estate professionals with this license can supervise brokers, property managers, and other principal brokers.

How Long Is the Oregon Real Estate Exam?

The licensing exam length is different depending on the license type.

  • The broker exam contains 130 questions. The national portion asks 80 questions and has a 150-minute time limit. The state section includes 50 questions with a 90-minute time limit.
  • The principal broker exam is 125 questions long, but some questions are worth two points, so the total score stays the same. There are 75 national questions and 50 state ones. The time limit is the same.

What Are the Pre-license Requirements for an Oregon Real Estate License?

For both license types, applicants must be at least 18 years old and have a high school diploma, GED, or international equivalent.

Broker applicants must complete 150 hours of pre-license education from an Oregon Real Estate Agency (OREA)-approved real estate school. They must also pass the 130-question licensing exam.

Principal broker applicants must have three years of active real estate experience as a broker. Then, they need to take a 40-hour Brokerage Administration and Sales Supervision (BASS) course before passing a 125-question exam.

How Much Does It Cost to Obtain a Real Estate License in Oregon?

When considering the cost of getting licensed, think of it as an investment in a future career. Here’s a cost breakdown to help you plan your budget.

  • The broker and principal broker licenses include a $300 nonrefundable application fee.
  • Pre-license education costs range from $249 to nearly $600. Our affordable course packages come with a price match guarantee.
  • Scheduling an exam with PSI is $75.
  • The fingerprinting fee for the background check is $61.25.

Does Oregon Have Reciprocity with Any Other States?

Yes. Oregon has reciprocal licensing agreements with the following jurisdictions:

  • Alabama
  • Alberta
  • Georgia
  • Nebraska
  • South Dakota

Specific reciprocal licensing requirements are different for each area. Contact OREA for more information.