{"data":{"id":"us-or/ors-696.320","jurisdiction":"us-or","citation":"ORS 696.320","heading":"Effect of suspension or revocation of principal broker license on associated licensees.","body":"The suspension or revocation of a managing principal broker’s license renders inactive every license of the real estate brokers and timeshare sales agents engaged by the managing principal broker pending a transfer of the license. The Real Estate Agency shall transfer a license rendered inactive under this section if the real estate licensee requests a transfer within 30 days after the effective date of the suspension or revocation of the managing principal broker’s license and pays a transfer fee.","path":["17 - Occupations","52. Occupations and Professions","Chapter 696 — Real Estate and Escrow Activities"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors696.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"d8969d92f581f01657980b4aa5c647467ee40844244c67d50ebf6d9ba658a9ac","source_id":"us-or","stale":false,"prev":"us-or/ors-696.315","next":"us-or/ors-696.323"},"notice":"GroundRules: Original legal text. Not legal advice."}