Q: I’m preparing to list a vacant lot for sale. Is OREF 019—Vacant Land Disclosure required by statute? Should I have my seller complete it at the time of signing a listing so it’s ready for a potential buyer? A: A disclosure statement regarding vacant
When listing a property, confirm the seller understands FIRPTA and whether they’re considered a “foreign person.” Buyers should also be aware of potential financial consequences if the seller is determined to be a foreign person. OREF 092 – Advisory Regarding FIRPTA helps both parties make
Make sure to properly document the reason for terminating a transaction. Most termination reasons are covered by OREF 109 – Notice from Buyer to Seller and OREF 064 – Buyer’s Notice of Unconditional Disapproval. If the termination is based on the Seller’s Property Disclosure Statement,
Q: The Buyer Representation Agreement says the buyer will owe a fee to the buyer’s agent if, during the term of the agreement or within 60 days following expiration or termination of the agreement, the buyer enters into an Acquisition agreement due to the “efforts
Seller contributions might be part of the original deal, but what happens if things shift after the ink dries? No worries—that’s exactly why OREF 048 – Seller Contributions Addendum exists! This little lifesaver helps you renegotiate seller contributions after the effective date, so your transaction
Do you know that a big part of the reason a buyer or seller hires you is your negotiating skills? Your ability to get them the price and terms they want in their transaction is incredibly important. The better your negotiating skills, the more likely
Q: I’m preparing to list a property with a certified woodstove in the house and a non-certified woodstove in a shop. Does the shop’s stove need to be removed since it’s not in the house? And, should I have the seller complete two of the
Making changes to a Buyer Representation Agreement? Or maybe it’s time to bring it to a close? No worries—OREF has you covered! Whether you’re updating the terms with OREF 050A – Addendum or officially ending things with OREF 050B – Early Termination, these forms make
Title and escrow companies offer real estate agents many services beyond just title and escrow. They can do radius searches around a specific property to gather addresses for mailings, provide open-house registration forms, identify properties in pre-foreclosure, and much more. Give your favorite escrow officer
Q: I’ve heard that Oregon statute requires agents not to work outside their area of expertise. What does that mean? A: It means that all of an agent’s work must be performed in a competent manner. ORS 696.301(12) says that an agent’s license may be