Or. Admin. Code § 863-024-0085 - Authorization to Control Property Manager's Business

(1) A property manager may authorize another property manager to control and supervise his or her property management activity during the property manager's absence for a period not to exceed 90 days.

(2) Both licensees have joint responsibility for all property management activity conducted during the authorizing property manager's absence.

(3) The written authorization required by this rule must contain the following information:

(a) The authorizing property manager's authorization, including the effective date and termination date of such authorization, which may not exceed 90 days;

(b) An affirmation by the supervising property manager acknowledging that the property manager accepts the supervisory responsibility, and

(c) An affirmation by both property managers acknowledging that they are jointly responsible for the property management activity during the dates of the authorization.

(4) The authorizing property manager may end the authorization before the termination date by filing an amended authorization before the termination date.

(5) The written authorization required by this rule must be received by the Agency before the effective date of such authorization on an Agency-approved form. The commissioner may allow a later filing for good cause shown.

(6) The Agency will maintain the written authorization as an Agency record.

(7) This rule provides an exception to OAR 863-014-0095(7), which prohibits a principal broker from engaging in professional real estate activities under more than one registered business name. That is, a supervising principal broker may conduct professional real estate activity under both the authorizing principal broker's registered business name and the supervising principal broker's registered business name if the parties meet the requirements contained in this rule. This exception does not allow a principal broker to conduct professional real estate activity under more than these two registered business names.

Notes

Or. Admin. Code § 863-024-0085

REA 7-2008, f. 12-15-08, cert. ef. 1-1-09; REA 1-2009, f. 12-15-09, cert. ef. 1-1-10

Stat. Auth.: ORS 696.385

Stats. Implemented: ORS 696.026