Oregon Statutes 696.600 – Definitions for ORS 696.392, 696.600 to 696.785 and 696.995
As used in ORS § 696.392, 696.600 to 696.785 and 696.995:
Terms Used In Oregon Statutes 696.600
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) ‘Employee’ includes an individual who has an independent contractual relationship with a real estate marketing organization and performs real estate marketing activity.
(2) ‘Real estate marketing activity’ means procuring or offering to procure prospects to purchase, sell, lease or rent real estate by telemarketing, mail or otherwise.
(3) ‘Real estate marketing organization’ means any person, including a partnership, association, corporation, limited liability company or other organization, other than a real estate marketing employee, that engages in real estate marketing activity and is licensed under ORS § 696.606.
(4)(a) ‘Real estate marketing employee’ means an individual who receives compensation from a real estate marketing organization for performing real estate marketing activity.
(b) ‘Real estate marketing employee’ does not mean an individual licensed under ORS § 696.022. [1995 c.217 § 2; 2001 c.300 § 65; 2007 c.319 § 16]