Oregon SB1513 regulates real estate teams by requiring disclosures and limiting activities.

Oregon SB1513 amends real estate regulations by requiring real estate teams to disclose specific information before entering into agreements with clients. This includes the names and roles of team members, their licensing status, and supervisory roles. The team's name cannot include "realty" or "real estate" and must differ from the registered business name. Additionally, teams cannot perform activities for conflicting clients without a disclosed limited agency agreement. The amendments take effect July 1, 2027.

Oregon SB1513 regulates real estate teams by requiring disclosures and limiting activities.

Oregon SB1513 amends real estate regulations by requiring real estate teams to disclose specific information before entering into agreements with clients. This includes the names and roles of team members, their licensing status, and supervisory roles. The team's name cannot include "realty" or "real estate" and must differ from the registered business name. Additionally, teams cannot perform activities for conflicting clients without a disclosed limited agency agreement. The amendments take effect July 1, 2027.