Or. Admin. Code § 863-050-0052

Current through Register Vol. 63, No. 12, December 1, 2024
Section 863-050-0052 - Disbursal of Disputed Real Estate Broker Compensation

If there is a dispute among or between real estate brokers who are sole practitioners or principal real estate brokers regarding who is entitled to the moneys or other property agreed to as compensation in a written compensation agreement, and the escrow agent is holding such moneys or other property pursuant to ORS 696.582(1)(a), the escrow agent must hold the moneys or other property until the escrow agent receives a written agreement between the brokers or a final order from a court directing the escrow agent to disburse the moneys or other property.

Or. Admin. Code § 863-050-0052

REA 10-2008, f. 12-15-08, cert. ef. 1-1-09

Stat. Auth.: ORS 696.385, ORS 696.541

Stats. Implemented: ORS 696.582