Real Estate Agent Permit Requirements in Portland, OR

Complete permit and license guide for starting a real estate agent in Portland, Multnomah County, Oregon.

$800 -- $2000 4–18 weeks to obtain license and begin practice 4 requirements

Not legal advice. Requirements may change — always verify with your local government authority before applying. Last verified: .

Portland / Multnomah County Requirements

1 requirement
1

City of Portland — Business License Tax (if operating a brokerage)

Individual real estate brokers in Portland are licensed at the state level through the Oregon Real Estate Agency. If operating an independent brokerage in Portland, registration with the Portland Revenue Division for the Business License Tax is required.

$100 minimum/year (brokerage only)1–2 weeks
Official government source

Oregon State Requirements

2 requirements
1

Oregon Real Estate Agency — Broker License

Oregon calls its entry-level license a Broker license. Applicants must complete 150 hours of pre-licensing education (3 courses of 30 hours + 1 course of 60 hours) from an approved school, pass the Oregon Real Estate Broker Exam (administered by PSI), and apply to the Oregon Real Estate Agency. Must work under a licensed Principal Broker.

$75 (exam fee) + $300 (license fee) + $400–$800 (pre-licensing education)4–16 weeks
Official government source
2

Errors & Omissions (E&O) Insurance

Most real estate brokerages require agents to carry Errors & Omissions (E&O) insurance, which protects against claims of negligent acts or omissions in real estate transactions. Some states mandate it; most brokerages require it. Coverage typically starts at $100,000 per occurrence.

$300–$800/year1–5 business days
Official government source

Federal Requirements

1 requirement
1

EIN (Employer Identification Number)

Required if you operate as an LLC, corporation, or have employees. Free from the IRS. Even sole proprietors may benefit from obtaining an EIN to keep business and personal finances separate.

FreeImmediate (online application)
Official government source

Official Sources

Related Guides