SB 1513
Delays until July 1, 2027, the requirement that a real estate team change the terms used in the team name.
Jurisdiction
Oregon
Session
2026 Regular Session
At the request of
(at the request of Senate Interim Committee on Commerce and General Government)
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Sign in to take actionPublic sentiment
Support
4%
Oppose
96%
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill delays the requirement for real estate teams to change their names until July 1, 2027. Currently, real estate teams operating under names other than their registered business name were required to disclose specific information about team members and agency agreements. This legislation provides a one-year extension for real estate teams to comply with existing regulations regarding team naming and disclosure practices.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Senate Interim Committee on Commerce and General Government
Arguments in favor
Reasons to support this legislation.
Several ed support for delaying a provision of HB 3137 related to real estate team names, citing the need for additional time for the regulated community to comply. They argued that this delay would enable businesses to adapt and implement changes in a more manageable manner, thereby reducing potential disruptions to their operations. Additionally, some d the importance of protecting small businesses and entrepreneurs from unnecessary regulatory burdens, highlighting the provision's potential impact on their ability to compete effectively in the market. By granting a brief extension, proponents believe that this measure would promote stability and fairness for all stakeholders involved.
Source: Testimony Summaries
Arguments opposed
Reasons to oppose this legislation.
Opponents of SB 1513 argue that the bill imposes unnecessary costs, restricts transparency in the real estate industry, and creates confusion for consumers. They contend that existing Oregon law already provides strong consumer protections through robust regulations and enforcement mechanisms, rendering the proposed changes redundant. Many concerns about the financial burden, loss of brand recognition, and potential constitutional issues associated with removing terms like "Realty" or "Real Estate" from team names. Additionally, opponents argue that the bill merely postpones enforcement without addressing underlying problems, such as the team name restriction created by HB 3137, and may disproportionately affect small businesses and minority-owned teams.
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