Property management license portland oregon

Publisher: Real Estate Education Company. ISBN: An earlier edition or E-book is acceptable. You can order this textbook using Amazon or another online bookstore. There are options to purchase new, used or rent. Please note the 8 th edition is acceptable.

PCC Bookstore will not have this book available for purchase. The online format requires on average 15 hours per week. The Bureau may, for good cause, allow further time for filing registrations, except that no extension may be granted for more than 30 days.

The registration may contain a written declaration, verified by the property manager, that the statements made therein are true. The Bureau will prepare information containing appropriate data and fee calculations and make them available at its office, on request.

Failure to receive or secure a form, file a registration or to receive notice as provided in Section 6. When the time for filing a license registration is extended at the request of the applicant, interest at the rate specified in Subsection 6. Except as otherwise provided by Section 6. Except as provided in Subsection F. On or before February 15 of each license year, the Bureau will mail notice to each licensee stating the amount of the second installment payable on April 1 of the license year.

The property manager or licensee on record as of the billing date of the notice of fee each license year is presumed to be the responsible party for the entire license year unless the Bureau approves the transfer to another property manager or licensee under Section 6. If the licensee has not engaged in property management activities within the District until after the beginning of the license year and a transfer has been approved, then the fee payment required will be the next installment due, provided that the property management activities within the District began no later than the billing notice of the next installment.

In computing the license fee payable by a licensee who has not engaged in District business property management activities until after the beginning of a license year, no fee shall be payable in relation to any real property which, for that license year, has been paid by another licensee.

In case of a license fee adjustment under a subsection of this Chapter establishing a license fee formula for the District:. If a qualified contractor for a District has filed a written request approved by resolution of the City Council that the District license fee be payable in one installment, District license fees for future license fee years will be payable as follows, until such time as the City Council by resolution determines that the District license fee will be payable in two installments in accord with Section 6.

Except as provided in Subsection E. Each registration for a license, will be accompanied by payment of the license fee for the license year if known. In computing the license fee payable by a licensee who has not engaged in District business property management activities until after the beginning of a license year, no fee will be payable in relation to any real property which, for that license year, has been included in computing the license fee payable by another licensee.

Fails to file a correct registration at the time required by or under this Chapter; or. Fails to pay a fee installment at the time it becomes due, unless it is shown that the failure is due to reasonable cause and not due to neglect, then there will be added to the amount of a fee installment a penalty of:.

Additional penalties of 5 percent of the unpaid fee installment for each additional month or fraction thereof during which the failure continues, up to a maximum of four 4 additional months. Interest will be collected on any unpaid fee installment at the rate of 10 percent simple interest per annum, computed on the balance still due at the end of each month following the date the fee installment became due.

If a person fails to file a registration on the prescribed date, as determined with regard to any extension for filing, the Bureau may determine the fee and fee installment payable.

If the Bureau determines the fee and fee installment payable, the Bureau will determine appropriate penalties and interest and will send notice to the person of the determination. The Bureau may apply payments to penalty and interest assessments before applying payments to fee installments due. The Manager may only impose a civil penalty under this section if the Bureau gives notice of the potential for assessment of civil penalties for failure to comply in the original written preliminary determination notice issued under Sections 6.

The determination of a violation and imposition of a civil penalty under this Section will be subject to appeal to the Code Hearings Officer under the provisions of Chapter Notwithstanding the exclusion set out in Subsection A. Plus 2. Less 2. Plus 15 percent of the amounts determined under subsections A.

Plus Plus the total of the amounts determined under Subsections A. For license fee years that commence before the January 1 immediately preceding the first property tax assessment year in which the assessment roll reflects the change or would reflect it were the property not assessed by the Oregon Department of Revenue, the amount determined under whichever of Subsections B. For license fee years that commence after the January 1 immediately preceding the first property tax assessment year in which the assessment roll reflects the change or would reflect it were the property not assessed by the Oregon Department of Revenue, the assessed value of improvements for the first assessment year in which the assessment roll reflects the physical change or would reflect it were the property not assessed by the Oregon Department of Revenue, discounted by a percent equal to 8.

For purposes of this Subsection and Subsection B. Notwithstanding Subsections A. For purposes of initially determining the license fee for such license year, the value of improvements, improvements square footage, and elevator capacity attributable to the business property building, structure, or addition will be deemed to be zero; and.

If, after that July 1 and prior to completion of such license year the City Bureau of Development Services issues an authorization to occupy the building, structure, or addition as to which the property tax assessment was cancelled, then the license fee payable for such license year will be adjusted.

For purposes of adjustment, value of improvements will be measured as set out in set out in Subsection B. The adjusted license fee will be the amount determined under Subsection A. For purposes of this Subsection, the date of such authorization will be the date the Bureau of Development Services issues a written authorization to occupy all new improvements on the business property or the date days after the Bureau issues a written authorization to occupy some but not all new improvements on the property, whichever occurs first.

For license years that commence before the January 1 immediately preceding the first property tax assessment year in which the assessment roll reflects the change or would reflect it were the property not assessed by the Oregon Department of Revenue, the amount determined under whichever of Subsections B.

For license years that commence after the January 1 immediately preceding the first property tax assessment year in which the assessment roll reflects the change or would reflect it were the property not assessed by the Oregon Department of Revenue, the assessed value of improvements for the first assessment year in which the assessment roll reflects the physical change or would reflect it were the property not assessed by the Oregon Department of Revenue, discounted by a percent equal to 8.

For purposes of initially determining the license fee for such license year, the value of improvements, improvement square footage, and elevator capacity attributable to the building, structure, or addition will be deemed to be zero; and. If, after that July 1 and prior to completion of such license year the City Bureau of Development Services issues an authorization to occupy new residential improvements on the property, then the license fee payable for such license year will be adjusted.

For purposes of adjustment, value of improvements will be measured as set out in Subsection B. For purposes of this Subsection, the date of such authorization will be date the Bureau of Development Services issues a written authorization to occupy all new residential improvements on the property or the date days after the Bureau issues a written authorization to occupy some but not all new residential improvements on the property, whichever occurs first.

For purposes of this Subsection, low income housing is dwelling units available for rent at rates that are considered affordable, under federal affordability standards in effect on the July 1 immediately preceding commencement of the license year, to persons earning 60 percent or less of the Portland region median income as identified in the records of Metro as of that July 1.

For purposes of this Subsection, subsidized housing is housing units available for rent at below market rates because either the units qualify for federal income tax benefits under Section 42 of the Internal Revenue Code; or the units are subsidized through United States Department of Housing and Community Development Section 8 subsidies or other public or private organization subsidies.

Subsidized housing includes but is not limited to student housing owned by the Oregon State System of Higher Education and housing owned by non-profit organizations that is subsidized through charitable contributions and grants. For management of the part of the property that is business property subject to Section 6.

For management of the part of the property that is residential property subject to Section 6. If there are common area improvements in a property subject to this Section, then in computing square footage of business property improvements subject to Subsection A. The allocated portion of common area improvements will be determined by multiplying the square footage of common area improvements by a fraction, the numerator of which is the square footage of business property improvements subject to Subsection A.

Added by Ordinance No. For purposes of Sections 6. Below grade parking area but, for parking structures that have above grade parking, will include both any at grade parking area within the parking structure and all above grade parking area within the parking structure ; and. Other below grade area unless improved for occupancy by employees or tenants.

In addition to the uses of District revenues set out in Section 6. In making a request under Subsection A. Notwithstanding Section 6. For the lighting program and district amenities program as set forth above, including but not limited to the pledging of such revenue as provided under Section 6. If a qualified contractor determines that lighting revenue and district amenities revenues in a license year will exceed or have exceeded the costs and expenses of the lighting program and the district amenities program in that license year and that the excess revenues will not be needed to fund a prudent reserve or for the costs and expenses of the lighting program and district amenities program in future license years, then the excess can be used to fund any item s in Section 6.

The Board must pass a resolution during a regular board meeting and submit the resolution, any minutes from the meeting and the results of the vote to the Revenue Division no later than June 10th. The resolution must contain the following information:.

The reason why the board is requesting the annual CPI adjustment to be set at a rate that is different than calculated;. The Revenue Division's website is migrating to portland. Temporary Closure Notice. On this Page. See something we could improve on this page?

Give website feedback. The courses are available online, and you can start learning how to manage property as soon as registration is complete. The complete Oregon property management license training package is broken into 19 segments, each with a review quiz to help you remember the key points covered.

Segments include:. At the end of the course is a final exam required by the OREA in order to demonstrate competency in the course's subject matter. After you have finished the hour training program, your Applicant ID and record of successful completion will be submitted to the OREA's state licensing exam provider.

You will then receive an email on how you can sign up and take the real estate licensing exam. While at the testing center, submit fingerprints for a background check. You will pay for the background check and fingerprint collection at the testing center after you successfully pass the state licensing exam. Processing your background check may take several weeks to complete.

As an Oregon property manager, you can choose to work independently either by using your own name or a registered business name , work for another licensed property manager, or work under the supervision of an Oregon principal real estate broker.

If you work on your own, log into the Oregon Real Estate Agency's eLicense website and choose the "Operate under my own license" registration for your own name or "Registered Business Name Application" for registering a business name. If you are going to be working under another property manager or principal broker, then that individual will have to log into their eLicensing account and associate your property manager's license with their business.

Half of all property managers in Oregon get their license training through OnlineEd. We provide the education you need to get your property management license. Shop Courses. Authored in-house by licensed, practising Oregon real estate principal brokers.