Oregon Revokes Principal Broker License After Fraud Case

The state agency pulled the broker's license following a wire fraud conviction and multiple business filing failures.

Updated on Oct. 31, 2026 in Residential

Oregon Revokes Principal Broker License After Fraud Case

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The Oregon Real Estate Agency issued a final order on Sept. 15, 2026, revoking the principal broker license held by Michelle Schoning. The disciplinary action follows her conviction for wire fraud and multiple violations regarding state real estate statutes.

Why it matters

This disciplinary action highlights the regulatory requirements for brokers to maintain consistent business filings and ethical standards, which directly impacts the professional oversight of rental properties and real estate transactions for Oregon residents.

The agency cited 4 distinct provisions of state law in its revocation of the license, which stems from 1 wire fraud conviction. Schoning has a 60-day window from the date of service to seek judicial review in the Oregon Court of Appeals.

The players

Oregon Real Estate Agency

The state authority responsible for licensing and overseeing real estate professionals to protect residents from professional misconduct.

Michelle Schoning

A former principal broker whose license was revoked following a wire fraud conviction and business registration failures.

The details

The revocation follows a pattern of professional conduct violations, including failures to maintain consistent registered business names with the Secretary of State. Records indicate that loan applications were submitted under business names that were no longer active. The agency initiated the case in February 2026, issuing a default order after the broker failed to sign a settlement agreement.

2001: Bula Enterprises was first registered to Kip Schoning.
2012: Michelle Schoning registered Rising Realty, LLC.
2014: Bula Enterprises dissolved and a foreclosure occurred in Albany.
February 2026: The disciplinary case against Schoning began.
September 15, 2026: The commissioner signed the final order revoking the broker license.

The Home Front

This license revocation reinforces the state’s regulatory framework regarding professional conduct and ethical transparency for real estate brokers. It underscores the importance of verifying broker credentials and the role of oversight agencies in maintaining market integrity.

If you are currently working with a broker or have concerns regarding the status of a real estate professional, you can verify their license status through the official state registry. Ensure that any contracts or business agreements you sign are verified against the broker’s active, legally registered business name.

The takeaway

Maintaining transparency in business registration is a critical requirement for real estate brokers operating within the state. Property owners and renters should periodically confirm the license status and registered business details of their broker to ensure ongoing professional compliance.