Ashley Folse, Author at Oregon Real Estate Forms

OREF 041: Where Does the Managing Principal Broker Fit?

3 hours ago in

Q: I’m preparing an offer for a buyer on a property listed by another agent in my firm, and I have a question about OREF 041 – Disclosed Limited Agency Agreement for Buyers. In Sections 2(a) and (b), the form only addresses whether I, as the buyer’s agent, am authorized to act as a

OREF 058: New Name, New Purpose

3 hours ago in

OREF 058, formerly the Professional Inspection Addendum, has been converted to the Advisory Regarding Due Diligence, reflecting its primary role as a buyer advisory. Under OREF 001 – Residential Real Estate Sale Agreement, Section 12.2(a), buyers may conduct as many inspections as they choose during the inspection period,

Understanding the Suitability Contingency (OREF 001, Section 12.1)

1 week ago in

This training walks through the Suitability Contingency in Section 12.1 of the OREF 001 – Residential Real Estate Sale Agreement. It explains how the contingency allows buyers to evaluate whether a property meets their specific needs—separate from physical inspections—and provides a clear path for terminating

OREF 014 & Transaction Coordinators: Who Needs to Be Disclosed?

2 weeks ago in

Q: I have a question about OREF 014 – Real Estate Team Disclosure and how it applies to transaction coordinators (TCs), both licensed and unlicensed. Should TCs be included on the form only if they’ll be communicating directly with the buyer or seller during the transaction? If they’re not required to be

Lead-Based Paint Addendum

2 weeks ago in

The language and compliance requirements contained in the Lead-Based Paint Disclosure Addendum are mandated by the EPA and are not tailored specifically to Oregon real estate practice. The EPA recently revised both the required disclosure language and related compliance obligations. Under the updated provisions, reflected

Suitability vs. Inspection Contingencies—What’s the Difference?

3 weeks ago in

Q: Can you explain the difference between the Suitability Contingency and the Inspection Contingency in the OREF residential sale agreements? Can you only choose one, or can you choose both? What is the main purpose of the suitability contingency? A: The Suitability Contingency allows a buyer to evaluate whether a property meets

Why Dates Were Removed from Initial Lines in the 2026 OREF Forms

3 weeks ago in

Starting with the January 2026 release, the date field has been removed from the initial areas at the bottom of all OREF Residential forms. This update allows more space for initials, since forms may now include up to four signers who are required to initial. Dates are not required next to initials

Understanding the Loan Contingency in OREF 001

4 weeks ago in

The 2026 OREF Residential Real Estate Sale Agreement (OREF 001) introduced a new Loan Contingency section, replacing the former financing contingency language. Under the new structure, the Loan Contingency applies when the buyer selects box (b) in the Financing Type section, indicating they will obtain financing from a third-party lender. The

The Appraisal Contingency Only Exists If You Check the Box

1 month ago in

In OREF 001 – Residential Real Estate Sale Agreement it’s important to remember that the failure to select either the yes or no box following the question in Section 3 – Financing Type, “Is this transaction contingent upon an appraisal?” will result in there being no appraisal contingency included as part of the transaction. Agents should always check one of

Loan vs. Appraisal Contingencies—What Changed in the 2026 OREF Forms?

1 month ago in

Q: I’d appreciate some additional information on the appraisal contingency now being separated from the loan contingency in OREF 001 – Residential Real Estate Sale Agreement. The loan contingency still includes a requirement that the property qualify for the loan. Qualifying, to me, means final underwriting approval from the lender, which typically requires an appraisal. Can you

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Author: Ashley Folse