Oregon Principal Brokers to be Required to have a High School Diploma

On Broker, Principal Broker, and Property Manager License applications received by the OREA on or after January 1, 2010, applicants must certify that they have a high school diploma or a General Education Development (GED) Certificate. This applies not only to new licensees but also to current broker licensees who want to become licensed as Principal Brokers. In turn, any broker wanting to become a Principal broker after December 31 st., 2010 will have to take and pass a new, additional, state exam to obtain their new license. For those wishing to become Principal Brokers, now is the time to obtain the Principal Brokers license before the new laws go into effect.