Anytime you see a word capitalized in any OREF form, there is a definition for that term (unless, of course, it is the first word of a sentence or a proper noun). The definition can be found either in the section where it is used
Introducing the new OREF 018—Advisory to Seller Regarding Lead-Based Paint! This essential form helps you guide your sellers on their legal responsibilities concerning properties that may have lead-based paint or related hazards. Include this form in your listing packets to ensure you’re fulfilling your duty
Do you have a client who is visually impaired? The OREF Residential Library is now available as large font sample files on our website at: orefonline.com/largefont. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes.
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 how to
Q: What is the best way to terminate a Buyer Representation Agreement? A: Both OREF 050 & 052 – which are the Exclusive and Nonexclusive versions of the OREF Buyer Representation Agreements – must be terminated by written notice. The best way to do so would
If a buyer or seller does not agree to an addendum presented to them, they simply do not sign it, and you can present another version to the other party for consideration. One common practice is to write ‘Rejected’ on the addendum and have your
If your buyer is concerned about drastic changes in interest rates, you may want to include a provision in the Additional Financing provisions that caps the rate at a level acceptable to the buyer. All comments and responses from OREF or its staff, managers, and
Q: What are the best forms to include in a buyer representation presentation? A: With the new laws and policies going into effect, now is a great time to polish up your buyer presentations. Here are the must-haves to get you started on your checklist:
OREF 048 – Seller Contributions Addendum, allows a buyer to effectively request and track seller contributions towards buyer expenses, ensuring transparency and smooth dealings for all parties involved. From requesting buyer agent compensation when there is not already an offer of compensation in place to
If a Buyer is looking for property in multiple areas throughout the state and working with a different agent in each area, each agent will want to specify in the Buyer Representation Agreement which specific area that agreement applies (or doesn’t apply) to. All comments