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 subcommittee approved a recommended budget of $15,880,214 in other funds and 32 positions, an 8% increase from the 2023–25 legislatively approved budget.

The budget package included a proposal to eliminate a long‑term vacant compliance specialist 3 position and related services and supplies for a reduction of $719,280 in other funds, restore $207,976 in other fund limitation to support administratively approved position changes, and establish a $300 registration renewal fee for residential property wholesalers as authorized in a separate bill referenced during the presentation.

Action: The subcommittee recommended HB 50 36 be amended by the dash‑1 amendment and reported out do pass as amended. The transcript records the motion as passing; no roll call or tally was provided.

Why it matters: The changes adjust agency staffing and fee structures intended to fund agency operations and expand regulatory authority for residential property wholesalers.

What’s next: The bill was recommended out of subcommittee and will proceed through the Ways and Means process.