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Updated over 4 years ago on . Most recent reply

User Stats

38
Posts
25
Votes
Corey Westermann
  • West Linn, OR
25
Votes |
38
Posts

Getting my RE license in Oregon - need a "Principal Broker"

Corey Westermann
  • West Linn, OR
Posted

Hi BPers,

I'm planning on getting my Real Estate license as I continue my investing career in Portland, Oregon. I intend only to use it for my own deals, I'm tired of relying on my agent for comps, access to the MLS, and access to properties.

In Oregon I'm required to operate under a "Principal broker" for 3 years before I am allowed to become a Principle broker myself and operate independently. 

My question is this - Is there a typical method for finding a Principal broker I can operate under knowing that I have no interest in acting as an agent for anyone but myself? What kind of costs can I expect for this sort of arrangement and how common is it?

Thanks!

Most Popular Reply

User Stats

335
Posts
149
Votes
Randy Johnston
  • Residential Real Estate Broker
  • Beaverton, OR
149
Votes |
335
Posts
Randy Johnston
  • Residential Real Estate Broker
  • Beaverton, OR
Replied

@Corey Westermann, I "hang my shingle" with Summa Real Estate Group. They are very friendly to brokers and have very low fees, which you only pay when you make a sale. PM me if you're interested. You can get more info at http://summarealty.com/join-us/.

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