Author: Ashley Folse

OREF Sale Agreements require seller consent for buyers to transfer their rights or obligations. The reasoning behind this requirement is straightforward: the seller has the assurance that the original buyer is capable of fulfilling the agreement but cannot say the same for a buyer they

Buyer’s agents should complete all sections of a sale agreement at the time the offer is written. Our customer service team regularly receives questions asking if one or another section in the sale agreement is required or must be completed at the time of the

The closing deadline included in the sale agreement allows for closing to occur “on or before” a specific date. The definition of closing includes the need for the parties to sign closing documents and for the recording of the deed and funding to occur. If

The language of the Licensed Professional Inspections contingency included in each of the Sale Agreements in the OREF Residential Library requires that the buyer will not provide the inspection report or any portion thereof to the seller unless the seller requests a copy in writing.

Many OREF forms include a wealth of information regarding the topics of the forms and can be excellent resources. For example, OREF 082 – Private Well Addendum, contains information about the statutory well-testing requirements for properties that include a well providing domestic water, and even