Or. Admin. Code § 863-024-0070 - License Surrender
(1) A
property manager may surrender the licensee's license to the commissioner on an
Agency-approved form. Upon surrender, the license is terminated, and the
licensee's rights under the surrendered license are terminated. The
Commissioner retains continuing jurisdiction to investigate the management of
rental real estate conducted under the license and to take disciplinary action
against the former licensee under ORS Chapter 696 and its implementing
rules.
(2) A surrendered license
may not be renewed. The former licensee must reapply and meet all the licensing
qualifications required of new license applicants.
Notes
Stat. Auth.: ORS 696.385
Stats. Implemented: ORS 696.020 & ORS 696.022
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