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In Oregon, one may only hold one real estate license at a time (either Broker or Property Manager). A licensed property manager can manage rental real estate on behalf of an owner. While holding a property manager license, the licensee may work on their own or with others. A licensed property manager may not assist others during the home buying and selling process. A real estate broker license is the entry-level license that allows a person to conduct professional real estate activity, under the supervision of a principal broker. A broker may help others to buy and sell homes and conduct property management activity, but only under the supervision of a principal broker. To summarize, a broker can do property management only if their supervising principal broker allows them to and a licensed property manager can work on their own without requiring supervision.