Ashley Folse, Author at Oregon Real Estate Forms

Terminating After Reviewing the Seller’s Property Disclosure: Which OREF Form to Use?

1 year ago in

Dear Forms Committee

Q: After reviewing a completed OREF 020 – Seller’s Property Disclosure Statement, a buyer I am representing in a purchase has decided to terminate the transaction. I have thoroughly reviewed OREF 064 – Buyer’s Notice of Unconditional Disapproval, and I can’t find an option

OREF Forms & Advisories: A Hidden Wealth of Real Estate Insights

1 year ago in

Tip of the Week

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

Vacation Coverage: How to Document Another Agent Covering for You

1 year ago in

Dear Forms Committee

Q: If I have another agent working with a buyer for me while I’m on vacation, what forms do I need to use to ensure they are properly documented as representing the buyer during that time? A: Your firm may have policies on handling this,

Master Your First Meeting: Must-Haves for Impressing Buyers and Sellers

1 year ago in

Tip of the Week

Whether you're working with sellers or buyers, having a well-prepared and professional presentation is key to building trust and ensuring success. Here are things we recommend including when you meet with your buyer or seller for the first time. Must-Haves for Seller Presentations: OREF 000B

OREF 013 – Assignment & Assumption of Sale Agreement

1 year ago in

Featured Form

When assigning a sale agreement to a new buyer or adding an additional buyer, it is essential to ensure that all parties are fully aware of their rights and responsibilities. OREF’s new form, Assignment and Assumption of Sale Agreement, provides a clear and effective way

Backup Offers 101: What They Are, How to Proceed, and Whether They’re a Good Idea

1 year ago in

Dear Forms Committee

Q: A buyer I am working with recently decided to make an offer on a property I showed them. Unfortunately, the property went pending in the MLS before we could make the offer. I called the listing agent, who said the seller would consider “backup

When Clients Go Against Your Advice: Protect Yourself, Uphold Your Duties, and Know When to Walk Away

1 year ago in

Tip of the Week

What should you do if your client tells you they’ve decided to take some action in a transaction that you think is detrimental to their position? It is your fiduciary obligation as their agent to disclose this concern to them. Suppose they insist on proceeding

Private Well Test Shows Safe Levels—Can the Buyer Still Back Out Over Trace Arsenic?

1 year ago in

Dear Forms Committee

Q: I represent the seller in the sale of a residential property that includes a well supplying groundwater for domestic purposes. In accordance with Oregon law, the seller has had the water quality tested for nitrates, arsenic, and total coliform bacteria. The test results show

Selling a Home with a Well? Test Early and Use Results for Up to a Year

1 year ago in

Tip of the Week

When listing a property for sale that includes a well supplying groundwater for domestic purposes, it’s a good idea to suggest the seller have the well water quality tested at the time the marketing of the property begins. OAR 333-061-0325(7) provides that the lab tests

Fence Encroachment & Section 18(f): Should Sellers Amend or Accept as Is?

1 year ago in

Dear Forms Committee

Q: My seller has just received an offer on their home. In reviewing the terms of the offer, the seller has a question about Section 18, Seller Representations. In reviewing items (a) – (g) the seller discovered that item (f) is inaccurate. They are aware

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Author: Ashley Folse