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Acting as Principal in a Transaction – Buying and Selling Your Own Real Estate

March 2025

If you are a real estate broker or principal broker buying or selling your own real estate, you must disclose that you hold a real estate license. This requirement applies whether your license is active or inactive.

Required disclosure

You must disclose your license status on all advertising pertaining to the subject real estate, including:

  • Print, including, but not limited to mail, publications, brochures, postcards, business cards, and stationery.
  • Signs, including but not limited to lawn signs, displays, and billboards.
  • Phone, including but not limited to mobile phone, text messaging, cold calling, and outgoing voicemail messaging.
  • Broadcast media, including but not limited to radio, television, podcasts, and video.
  • Electronic media, including but not limited to multiple listing services, websites, email, social media, mobile apps, and other online marketing.

The first written document of agreement must disclose that you are licensed and if you are self-represented.

Business entity transactions

If you have an ownership interest equaling more than five percent (5%) in a business entity involved in a real estate transaction, you must disclose your license status as required above.

Other requirements

Licensees acting as principal in a transaction must comply with all other applicable statutes and rules, including the requirements for principal broker supervision, escrow funds handling, and document retention. Please review Oregon Revised Statute chapter 696 and Oregon Administrative Rule chapter 863 division 15.