Bill > HB2373

This bill creates a new category of real estate professional called a "timeshare sales agent" and updates numerous existing state laws to incorporate this new licensing classification. Specifically, the bill establishes that timeshare sales agents will be a distinct type of real estate licensee who can only sell or offer to sell timeshares, must be supervised by a principal real estate broker, and cannot supervise other licensees. To become a timeshare sales agent, an individual must complete at least 14 hours of instruction covering ethics, applicable timeshare laws and rules, and principles of timeshare sales, pass an examination, and be at least 18 years old. The bill modifies existing statutes to include timeshare sales agents in various regulatory provisions, such as licensing fees, continuing education requirements, record-keeping obligations, and disciplinary standards. Importantly, the bill defines timeshares using existing legal definitions and creates specific provisions to clarify the unique role of timeshare sales agents within Oregon's real estate regulatory framework. The amendments will become operative on January 1, 2026, and the bill declares an emergency, meaning it will take effect immediately upon becoming law on July 1, 2025.

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https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2373