ORS 696.775: Authority of commissioner when license lapsed, expired, revoked, suspended or surrendered.

The lapsing, expiration, revocation or suspension of a real estate license, whether by operation of law, order of the Real Estate Commissioner or decision of a court of law, or the inactive status of the license or voluntary surrender of the license by the real estate licensee, does not deprive the commissioner of jurisdiction to:

      (1) Proceed with an investigation of the licensee;

      (2) Conduct disciplinary proceedings relating to the licensee;

      (3) Take action against a licensee, including assessment of a civil penalty against the licensee for a violation of ORS 696.020 (2); or

      (4) Revise or render null and void an order suspending or revoking a license.