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Oregon Realtors ask Senate committee for more time to comply with new team-name rule
Summary
Industry witnesses told the Senate committee that House Bill 3137’s new restriction on using ‘realty’ or ‘real estate’ in team names has created compliance costs and confusion; SB 1513 would delay the operative date to July 1, 2027, to give brokers time to rebrand and prepare.
Representatives of the Oregon Realtors told the Senate Committee on Commerce and General Government that one provision of last year’s House Bill 3137—prohibiting use of the words “realty” or “real estate” as part of a team name—has proven difficult for brokerages to implement. Jeremy Rogers, general counsel and government affairs director for the Oregon Realtors, said SB 1513 would delay that specific…
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