Oregon Real Estate Practice Test

Who must maintain their own continuing education records?

1. Only Principal Brokers

2. Only Brokers

3. Both Principal Brokers and Brokers

4. Real Estate Assistants

The correct answer is: Both Principal Brokers and Brokers

In the context of Oregon real estate, both Principal Brokers and Brokers are required to maintain their own continuing education records. This is crucial because each individual licensee is responsible for ensuring they complete the necessary continuing education courses to keep their license active and in good standing. Maintaining accurate records provides proof of education completed, which may be requested by the Oregon Real Estate Agency for verification during audits or renewal processes. The need for both types of licensees to keep their records is established by state regulations governing real estate practice. This requirement ensures accountability and helps in upholding professional standards within the industry. In contrast, Real Estate Assistants, while they may play supportive roles in real estate transactions, do not hold the same licensing responsibilities as Brokers and Principal Brokers and therefore are not subject to the same continuing education requirements.