Oregon Broker PSI Practice Exam

Who must maintain Continuing Education (CE) records for 3 years?

1. Only principal brokers

2. Only real estate brokers

3. Principal brokers and brokers

4. Real estate agencies

The correct answer is: Principal brokers and brokers

Principal brokers and brokers are both required to maintain Continuing Education (CE) records for three years in Oregon. This requirement ensures that all licensed real estate professionals remain compliant with the state's regulations and are accountable for their educational activities. The maintenance of these records is crucial for several reasons. First, it provides evidence that brokers and principal brokers have completed the necessary education to stay current in their field, which is vital for professionalism and competency in real estate practices. Additionally, having accurate records facilitates audits by the state regulatory body, ensuring that all licensees meet the educational mandates necessary for license renewal. Real estate agencies may help in tracking these records, but the onus of maintaining them falls on the individual brokers and principal brokers. Therefore, both categories of licensees share this responsibility, reflecting the broader requirement across the profession.