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A business entity created with the Oregon Secretary of State must be registered with the Real Estate Agency.
A business organization created by a broker may not be licensed or conduct in its own name professional real estate activity requiring a real estate license.
A principal real estate broker or real estate broker associated with a principal real estate broker may not create a corporation, LLC, limited partnership or other lawful business entity for purpose of receiving compensation.
If a licensee fails to renew her/his license prior to its expiration date:
Real estate broker may not employ, engage or supervise the professional real estate activity of another real estate licensee EXCEPT: