Or. Admin. Code § 863-017-0005 - [Effective 7/1/2025] Definitions
As used in this division, unless the context requires otherwise, the following definitions apply:
(1) "Agency" means the Real Estate Agency
with powers pursuant to ORS
696.385.
(2) "Agency-approved form" means an
electronic or paper form approved by the Real Estate Agency.
(3) "Commissioner" means the Real Estate
Commissioner described in ORS
696.375.
(4) "Legal name" means the first name, middle
name and last or surname, without the use of initials or nicknames and is the
name given at birth or subsequently acquired through marriage, court order or
adoption.
(5) "Registered Name"
means the name of a residential property wholesaler as it appears on the
current, valid registration issued to the registrant pursuant to Oregon Laws
2024, chapter 3, section 3.
(6)
"Residential Property Wholesaler" means any individual who engages in
residential property wholesaling and is registered as a residential property
wholesaler under Oregon Laws 2024, chapter 3, section 3.
(7) "Residential Property Wholesaling" means
to market residential property for which the marketer has only an equitable
interest or option to purchase and, at the time of marketing, the marketer has:
(a) Held such interest or option for fewer
than 90 days; and
(b) Invested less
than $10,000 in land development or improvement costs associated with the
residential property.
Notes
Statutory/Other Authority: Oregon Laws 2024, chapter 3, section 3
Statutes/Other Implemented: Oregon Laws 2024, chapter 3, section 2 and 3
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.