Who is responsible for registering the business name with the Real Estate Agency in Oregon?

Who is responsible for registering the business name with the Real Estate Agency in Oregon?

• A. Any licensed broker
• B. The principal broker
• C. The real estate agent
• D. The office manager

Answer: (B)

In Oregon, it is the principal broker who is responsible for registering the business name with the Real Estate Agency. This responsibility reflects the principal broker's role as the individual in charge of the brokerage and its operations, ensuring compliance with state regulations and maintaining the firm's license. The principal broker acts as the designated representative for the brokerage, which includes handling licensing matters and ensuring that all legal and regulatory obligations are met. Other individuals, such as licensed brokers, real estate agents, or office managers, may play important roles within the brokerage and may assist with various operational tasks, but they do not hold the primary accountability for business name registration with the Real Estate Agency. This delegation of responsibility underscores the broader management and leadership duties assigned to the principal broker in a real estate practice.

In Oregon, it is the principal broker who is responsible for registering the business name with the Real Estate Agency. This responsibility reflects the principal broker's role as the individual in charge of the brokerage and its operations, ensuring compliance with state regulations and maintaining the firm's license. The principal broker acts as the designated representative for the brokerage, which includes handling licensing matters and ensuring that all legal and regulatory obligations are met.

Other individuals, such as licensed brokers, real estate agents, or office managers, may play important roles within the brokerage and may assist with various operational tasks, but they do not hold the primary accountability for business name registration with the Real Estate Agency. This delegation of responsibility underscores the broader management and leadership duties assigned to the principal broker in a real estate practice.