Oregon Interstate Real Estate Guide
Out of State Licensee (OSL) Participation in deals:  
Cooperative State

Oregon​ Out of State Broker Cooperation

- An out-of-state licensee can perform work on a "nonresidential real estate" transaction (defined as property that has or could have commercial development or a property with five or more residential units) in Oregon if the out-of-state licensee enters into a written cooperative agreement with an Oregon licensee.
​- The cooperative agreement must be in writing and must state the Oregon licensee will supervise all activities conducted in Oregon.
- Oregon licensee must be present for all showings and negotiations conducted in Oregon.
- An out-of-state licensee can also receive a referral fee.
​- An out-of-state licensee can only bring a lawsuit to recover lawfully earned commissions.

QUASI - BIZ BROKER STATE*
Oregon Real Estate License Types
Oregon ​​​Real Estate Exam Providers
Oregon Real Estate Waivers
Real Estate Broker License
Principal Real Estate Broker License
Property Manager​ License
​PSI Exams
Unknown - Not on Website

Oregon​ Real Estate Reciprocity

Alabama, Georgia, Nebraska, South Dakota (and Alberta Canada)
Confirmed by the Oregon Real Estate Agency

Specific to Oregon​ Real Estate 

Oregon​ Reverse Reciprocity

​These states specifically mention Oregon in their Reciprocity: 
Montana

These States recognize any other State licenses but may have additional requirements: 
​Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennessee, Vermont, Washington

Oregon​ Real Estate Customs

Closings are handled through escrow.
Conveyance is by warranty or bargain-and-sale deed, but land sales contracts are common.
Mortgage deeds and deeds of trust are the security instruments.
Oregon uses ALTA and Oregon Land Title Association policies. Buyers and sellers split escrow costs and transfer taxes; the buyer pays for the lender’s title insurance policy, and the seller pays for the owner’s policy. 

*QUASI - BIZ BROKER STATE

If a business brokerage commission is contingent on "the transfer of an interest in real estate", (this includes a lease transfer)  then the business broker must possess a real estate license to be paid.
(17) “Professional real estate activity” means any of the following actions, when engaged in for another and for compensation or with the intention or in the expectation or upon the promise of receiving or collecting compensation, by any person who:
 (k) Assists or directs in the negotiation or closing of any transaction calculated or intended to result in the sale, exchange, leasing or rental of real estate;
https://www.oregonlegislature.gov/bills_laws/ors/ors696.html