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Subcommittee advances real estate agency budget with new wholesaler registration fee
Summary
The Ways and Means subcommittee recommended passage of House Bill 50 36, the Oregon Real Estate Agency budget, which restores some position funding, eliminates a long‑vacant compliance position and establishes a $300 registration renewal fee for residential property wholesalers authorized in another bill the presenter referenced.
The Transportation and Economic Development Subcommittee recommended Thursday that House Bill 50 36, the budget for the Oregon Real Estate Agency, be reported out do pass as amended.
Representatives said the agency protects consumers of real estate, escrow and land development services by licensing and enforcing Oregon real estate laws. The…
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