Q: A listing agent is requesting a copy of my Buyer Representation Agreement. Am I required to provide it? A: Buyers’ agents owe a duty of confidentiality to their buyers. A contract between the buyer and buyer’s agent is a confidential agreement between those parties,
Remember to keep confidential all information about your client and any documents they have signed, unless the document is part of the Sale Agreement needed to facilitate the progress of a transaction, or your client gives you written permission to disclose. All comments and responses
Seller’s Property Disclosure Statement. Users can help sellers understand the questions, but must not help answer them or fill out the form. Agents expose themselves to liability for inaccurate statements when they participate in filling out the form. When representing the seller, be sure to
Q: I see references in the OREF forms to “material terms” or “material breach.” what does “material” mean in determining whether something is considered “material” or not? A: A material term is a provision that relates to significant terms of the agreement, such as price,
Q: Do you have a list of suggested items to include in seller presentations? A: Here are the must-haves to include in your seller presentations: OREF 047 – Advisory Regarding Real Estate Compensation OREF 042 – Initial Agency Disclosure Pamphlet OREF 040 – Disclosed Limited
Well and septic system inspections have timelines different from the standard inspection period. It’s important to review the details in OREF 081—Septic/Onsite Sewage System Addendum and OREF 082—Private Well Addendum and ensure they are included in your transaction if they apply. All comments and responses
Q: I noticed questions about disclosure-type items in OREF C-501 – Commercial Sale Agreement in the Seller Representations section. If Oregon law doesn’t require a seller property disclosure statement for commercial property, does my seller have to answer these? A: No, but not answering them
In addition to using OREF 102 – Advisory to Buyer Recording Devices May Be Present, it’s a good idea to remind your buyer regularly to hold off on any conversations while still on the property. All comments and responses from OREF or its staff, managers,
We know we’ve discussed the OREF 050 — Buyer Representation Agreement — Exclusive before, but with the recent NAR settlement changes, it’s now mandatory for buyers to sign an agreement with an agent before touring homes. It’s essential to fully grasp the details of this
Encourage your buyer to discuss their Buyer Representation Agreement with their lender as early as possible. Addressing key considerations with the lender upfront can help streamline the process and avoid potential delays. All comments and responses from OREF or its staff, managers, and volunteers are