Real Estate Agency
Chapter 863
Division 24
REAL ESTATE PROPERTY MANAGER LICENSING
863-024-0085
Authorization to Control Property Manager’s Business
(1) A real estate property manager may authorize another real estate property manager to control and supervise his or her business managing rental real estate during the real estate property manager’s absence for a period not to exceed 90 days.
(2) Both licensees have joint responsibility for all management of rental real estate conducted during the authorizing property manager’s absence.
(3) The written authorization required by this rule must contain the following information:
(a) The authorizing property manager’s authorization, including the effective date and termination date of such authorization, which may not exceed 90 days;
(b) An affirmation by the supervising property manager acknowledging that the property manager accepts the supervisory responsibility, and
(c) An affirmation by both real estate property managers acknowledging that they are jointly responsible for all management of rental real estate during the dates of the authorization.
(4) The authorizing property manager may end the authorization before the termination date by filing an amended authorization before the termination date.
(5) The written authorization required by this rule must be received by the Agency before the effective date of such authorization on an Agency-approved form. The Commissioner may allow a later filing for good cause shown.
(6) The Agency will maintain the written authorization as an Agency record.
(7) This rule provides an exception to OAR 863-014-0095(7) and 863-024-0095, which prohibits a real estate property manager from engaging in the management of rental real estate under more than one registered business name. That is, a supervising real estate property manager may manage rental real estate under both the authorizing property manager’s registered business name and the supervising property manager’s registered business name if the parties meet the requirements contained in this rule. This exception does not allow a real estate property manager to manage rental real estate under more than these two registered business names.
Statutory/Other Authority: ORS 696.385
Statutes/Other Implemented: ORS 696.026
History:
REA 1-2017, amend filed 11/17/2017, effective 01/01/2018
REA 1-2009, f. 12-15-09, cert. ef. 1-1-10
REA 7-2008, f. 12-15-08, cert. ef. 1-1-09