[Principal Broker Pre-License] Brokerage Administration and Sales Supervision (BASS) with Exam Prep

Brokerage Administration and Sales Supervision ("BASS" or the "principal broker course") is the required 40 hour prerequisite course for if you are a broker who wants to become a principal broker. This course can also be used as continuing education for broker or principal broker license renewal.

The course is in two parts:

Part 1 introduces you to topics dealing with the operation of a real estate brokerage. These topics include:

1. Management of a Brokerage
2. Business Planning
3. Broker Supervision
4. Advertising
5. Real Estate Office and Regulatory Requirements
6. Financial Records Trust Accounting
7. Financial Records and Reports - Non-Trust Account
8. Non-Financial Records and REA Audits

Part II is a review of the topics to be found on the Oregon principal broker licensing exam. These topics include:

1. Agency
2. Contracts
3. Real Estate Law
4. Practices
5. Brokerage
6. Finance
7. Property Management

How To Get A Principal Broker License In Oregon

To obtain a principal broker real estate license from the Oregon Real Estate Agency you must do the following:

1. Enroll in the OnlineEd Brokerage Administration and Sales Supervision course; Submit your principal broker license application to the Oregon Real Estate Agency sometime before completion of your coursework.
2. Complete your course and confirm with OnlineEd that you have submitted your principal broker license application to the Oregon Real Estate Agency.
3. OnlineEd will then upload your electronic eligibility file and required personal information to PSI, the licensing exam proctor.
4. Schedule and pay for your licensing examination by contacting PSI as instructed upon course completion.
5. Sit for the licensing exam at the PSI location you select from the PSI web site.
6. When you pass the licensing exam, you will receive an email from the Oregon Real Estate Agency containing a website link for you to print out your principal broker real estate license.

Before you can obtain an Oregon Principal Broker license, you must be 18 years of age or older and have a high school diploma or GED equivalent. You also need to have at least 3 years of active real estate experience as a licensed real estate broker. (Oregon Administrative Rules 863-014-0040)

If you never passed an Oregon background check, the Oregon Real Estate Agency may require you to submit fingerprints and clear their background check process.

If you are a licensed Oregon real estate broker, the Oregon Real Estate Agency has records and proof of your past 3 years of real estate experience on-file. If you are licensed in a different state, then the REA will require you to submit a certified license history from that state.

This course is a study guide to help you pass the Oregon real estate licensing exam. It is not required educational credit towards your course completion, but it will assist you with enforcing the topics covered in the OnlineEd pre-license courses. Completing this course is optional; the module is noninstructed.

This Oregon real estate license exam prep course covers the following topics:

• Oregon Real Estate License Law
• Oregon Administrative Rules
• Law of Agency
• Contract Law
• Listing Agreements
• Earnest Money Agreements
• Oregon Finance and Taxes
• Options
• Title
• Closing
• Real Property Law
• Estates
• Encumbrances
• Acquisition
• Real Estate Finance
• Real Estate Mathematics
• Private Property Regulations
• Subdivision Regulations
• Condominium Regulations
• Valuation and Appraisal
• Property Management
• Legal Descriptions
• Documents and Settlement Statements

Each chapter contains a study exam of multiple choice question. You can retake the exams for additional practice as many times as you like until you feel comfortable with the study exam subjects.

At the end of the exam prep course is a practice licensing exam that simulates the Oregon real estate licensing exam of 130 random questions in 3 hours and 15 minutes, which can be attempted as many times as you'd like. Each attempt will serve a new set of 130 questions.

Course providers are NOT allowed to know the exact questions examinees will see on their actual licensing exam. This study course is to help applicants become familiar with all aspects of the real estate industry before registering to take the state licensing exam.