Oregon Broker PSI Practice Exam

What happens to an inactive real estate broker's license after 30 days if not addressed?

1. It is automatically reactivated

2. It becomes revoked

3. It remains inactive indefinitely

4. It can only be renewed after an exam

The correct answer is: It becomes revoked

An inactive real estate broker's license in Oregon will become revoked if the inactivity is not addressed within 30 days. This provides a specific timeframe for the broker to take necessary actions, such as renewing or reactivating their status. The revoke status reflects a regulatory measure to ensure that all practicing brokers maintain an active, compliant standing in the field. If a broker does not engage in the necessary processes to maintain their license, they will no longer hold a valid license to operate in real estate, emphasizing the importance of staying current and engaged in the profession. The other choices do not accurately reflect the policy regarding inactive licenses in Oregon. Automatic reactivation implies that the broker could continue without any action, which is not the case. Remaining inactive indefinitely does not align with the regulations that require periodic review of licensing status. Lastly, suggesting that renewal can only happen after taking an exam does not convey the process that typically allows for reactivation without such stringent measures, assuming the license was simply inactive rather than expired or revoked for other reasons.