OAR 863-014-0097. Registered Business Name Renewal

(1) Only an authorized principal broker can submit a registered business name renewal application and pay the fee using an online application process, which will be available through the Agency’s website. (2) For purposes of this rule, “received by the Agency” means the date the authorized principal broker completed the online renewal process and paid the fee required under ORS 696.270. (3) A registered business name that is not renewed on or before the registration expiration date will be void. (4) If a registered business name becomes void, all real estate licensees authorized to conduct professional real estate activity under the name will be inactivated and may not engage in any professional real estate activity until transferred under OAR 863-014-0063. (5) A principal broker who wishes to reactivate a voided registered business name must reapply as provided by OAR 863-014-0095. Upon completion of the new application, the principal broker becomes the managing principal broker. (6) When a new application for a voided registered business name has been processed and activated by the Agency, an authorized managing principal may then authorize other real estate licensees to conduct professional real estate activity under the registered business name by completing the process under OAR 863-014-0063. Effective dates are not retroactive. (7) A registered business name renewed under this rule expires one year from the date of the original expiration date.