OAR 863-024-0065. Inactive License, License Reactivation

(1) A property manager licensee whose license is on inactive status may not engage in management of rental real estate. (2) The Commissioner may reprimand, suspend, revoke, or impose a civil penalty against an inactive licensee under ORS 696.301. (3) The Agency will change an active property manager license to inactive license status when the Agency receives the following: (a) An online inactivation application available through the Agency’s website completed by the licensee to change the license status to inactive; or (b) An online inactivation application available through the Agency’s website completed by the authorized principal broker or licensed property manager. (4) An inactive property manager licensee may renew such license under OAR 863-024-0050. (5) For a period of 30 days after a property manager license becomes inactive, the inactive property manager licensee may change such license status from inactive to active under OAR 863-024-0063. (6) If a property manager license has not been on active status for two or more consecutive years, the following steps must be completed in the order listed to reactivate the license: (a) The property manager licensee must pay a fee to the examination provider and take and pass the property manager reactivation examination required by OAR 863-024-0020. (b) The property manager licensee must submit the online reactivation application and pay the fee to the Agency authorized by ORS 696.270; and (c) A receiving property manager must submit an online license transfer application available through the Agency’s website according to OAR 863-024-0063. If the reactivating property manager licensee wishes to manage rental real estate under a new registered business name, the property manager licensee must register a business name under OAR 863-024-0095. (7) After the 30-day period in section (5) of this rule, and subject to the examination requirements in section (6) of this rule, a licensed property manager may change the license status from inactive to active only by submitting to the Agency: (a) An online license reactivation application and paying the reactivation fee authorized by ORS 696.270; and (b) Using an online application available through the Agency’s website, a receiving property manager must submit an online license transfer application according to OAR 863-024-0063. If the reactivating licensed property manager wishes to manage rental real estate under a new registered business name, the property manager licensee must register a business name under OAR 863-024-0095. (8) The change of license status, transfer of license, or the reactivation of a license is effective when all requirements are met, applications are completed and fees are paid.