Oregon Revokes Principal Broker License After Fraud Case
State regulators pull the license of an Oregon broker, prompting clients to verify professional credentials.
Updated on Oct. 31, 2026 in Residential
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On September 15, 2026, the Oregon Real Estate Agency formally revoked the principal broker license held by Michelle Schoning. This disciplinary action follows her conviction for wire fraud and state findings regarding professional misconduct.
Why it matters
The license revocation serves as a reminder for homeowners and investors to verify the credentials and active registration status of any real estate broker they engage for property management or transactions. State oversight is designed to protect consumers from potential financial losses associated with untrustworthy professional conduct.
The state agency cited four separate violations of professional standards following a criminal conviction for wire fraud. The subject has 60 days from the service of the order to seek judicial review of the decision.
The players
Michelle Schoning
A former Oregon principal broker whose license was revoked following a wire fraud conviction.
Oregon Real Estate Agency
The state regulatory body that licenses brokers and enforces consumer protection statutes.
The details
The agency initiated this disciplinary action after finding that Schoning applied for loans under business names that were no longer active and failed to maintain required business registrations. According to the state, the license revocation was finalized after a default order was issued when the subject requested a hearing but did not sign a subsequent settlement agreement. These violations, including the wire fraud conviction, were deemed inconsistent with the professional conduct required of a licensed principal broker.
Timeline
The disciplinary case against Schoning began in February 2026.
The commissioner signed the final order to revoke the license on September 15, 2026.
The licensee has 60 days from the service of the order to seek judicial review.
Money Landscape
Professional licensure in Oregon is strictly regulated to ensure the integrity of the housing market for residents. This revocation follows established enforcement protocols for when brokers violate the code of conduct mandated by state law.
If you are currently working with a broker, you can verify their status and standing by checking the state licensing database. Any concerns regarding potential fraud or unprofessional conduct should be discussed with a qualified legal professional to understand your options for recourse.
The takeaway
Maintaining active and accurate business registration is a critical component of professional accountability in real estate. Clients should regularly verify the current status of their broker's license through the official state portal to ensure they are dealing with a professional in good standing.
Further reading
For guidance on vetting real estate professionals, visit Residential.
Source note: This article includes information reported by The Corvallis Advocate.
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