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Renew Registered Business Name

A registered business name (RBN) must be renewed yearly in eLicense. This renewal is in addition to any renewal of the business registration with the Secretary of State.

The Oregon Real Estate Agency sends out a courtesy renewal reminder email to the RBN's key contact/authorized licensee by email. Failure to receive the email reminder is not an excuse for not renewing an RBN on time.

How to renew an RBN

  1. Log into the RBN's License account. You can find the login information in the renewal reminder email. You cannot renew the RBN from your personal eLicense account.
  2. Click "Online Services," then select "Renewal." "Online Services" is located toward the upper right corner of the window. The dropdown menu will give you the "Renewal" option.
  3. Complete the renewal, including payment. The fee is $50. Payment is made online by VISA, MasterCard, Discover, or electronic check.

When to renew an RBN

RBNs must be renewed annually in the same month the RBN was registered.

The authorized principal broker or property manager renews the RBN during the month the RBN expires. The authorized licensee can check the expiration date by logging into the RBN account in eLicense.

What is needed to renew an RBN

Have the following ready for an RBN renewal:

  • Addresses. Confirm the physical, mailing, and email address for the RBN. Note: Per ORS 696.200, the responsible licensee is required to notify the Agency of a change in the RBN address before it happens.
  • List of associated licensees. Confirm which& licensees are working under the RBN.
  • List of open clients' trust accounts. Confirm the RBN's open clients' trust accounts. Note: All property managers, and principal brokers managing rental real estate under a property management agreement, must have at least one open clients' trust account. Per ORS 696.241, the responsible licensee must notify the Agency of the opening or closing of a clients' trust account within 10 business days.
  • Payment. The fee is $50. Payment is made online by VISA, MasterCard, Discover, or electronic check.

If an RBN expires

  • The RBN is voided. To use the registered business name, the principal broker or property manager must register the business name again.
  • All associated licensees are inactivated. Inactive licensees cannot conduct professional real estate activity. If the business name is re-registered, all the licensees must be transferred to the newly re-registered RBN.

If your license expired last month

If you are the only principal broker or property manager with the RBN and your license expired within the month before the RBN renewal, you cannot renew the RBN.

  • The RBN is voided. To use the registered business name, the principal broker or property manager must register the business name again.
  • All associated licensees are inactivated. Inactive licensees cannot conduct professional real estate activity. If the business name is re-registered, all the licensees must be transferred to the newly re-registered RBN.

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