Oregon Revokes Broker License of Michelle Schoning
State officials officially pulled the principal broker license on September 15 due to a wire fraud conviction.
Updated on Oct. 31, 2026 in Residential
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The Oregon Real Estate Agency revoked the principal broker license of Michelle Schoning on September 15, 2026. This disciplinary action follows a wire fraud conviction and documented failures in maintaining proper business registrations.
Why it matters
The state agency disciplined Schoning for professional misconduct, citing concerns regarding fraud, untrustworthiness, and violations of specific real estate statutes. The decision removes a professional from the market to maintain regulatory integrity.
The state cited 4 distinct provisions of real estate law in the disciplinary action against the broker. Schoning retains the right to seek judicial review of the order within 60 days.
The players
Michelle Schoning
A former principal real estate broker in Oregon whose license was revoked following a wire fraud conviction.
Oregon Real Estate Agency
The state authority responsible for licensing and regulating real estate professionals and enforcing industry statutes.
The details
The agency issued a default order after the licensee failed to execute a settlement agreement following the initiation of disciplinary proceedings. Authorities found the licensee applied for loans using inactive business names and failed to keep business registrations consistent with the Secretary of State.
Timeline
2001: Bula Enterprises was first registered to Kip Schoning.
2012: Michelle Schoning registered Rising Realty, LLC.
2014: Bula Enterprises dissolved following a property foreclosure in Albany.
February 2026: The disciplinary case against Schoning officially began.
September 15, 2026: A commissioner signed the final order revoking the broker license.
Culture Shift
This revocation aligns with the Oregon Real Estate Agency license revocation statutes intended to maintain professional standards. It reflects a broader trend of state agencies tightening oversight of individual brokers involved in criminal activity.
Clients who previously worked with the affected broker should confirm the status of their current real estate transactions with the state agency. Homeowners should ensure their professional representations remain compliant with current state licensure records.
The takeaway
Maintaining active and accurate business registrations is a core requirement for real estate professionals in the state. Licensees must be aware that criminal convictions can lead to immediate and permanent loss of their professional standing.
Further reading
Learn more about local property standards in the Oregon Residential section.
Source note: This article includes information reported by The Corvallis Advocate.
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