With the passing of House Bill 4058 and the proposed NAR settlement, our form, OREF 050 — Buyer Representation Agreement — Exclusive, has undergone a complete overhaul to ensure that agents and clients are compliant with the new requirements. Do you have an idea or
When filling out OREF 020 – Seller’s Property Disclosure Statement, make sure the seller has remembered to indicate the number of pages attached on the last page of the form – even if the number is zero – so that readers know whether the version
Our new form, OREF 050A – Buyer Representation Agreement Addendum, can be used for modifying the terms of either OREF 050 – Buyer Representation Agreement – Exclusive or OREF 052 – Buyer Representation Agreement – Nonexclusive. All comments and responses from OREF or its staff,
Q: Can an OREF subscriber share blank forms with an unlicensed/unrepresented buyer on behalf of the seller? A: OREF forms can only be used by the person who purchased the subscription. Blank forms cannot be shared with anyone. However, OREF 100 – Unrepresented Party Acknowledgement
OREF 023 – Notice of Completion of Repairs/Corrective Action has officially been retired. Sellers should now use OREF 110 – Notice from Seller to Buyer to notify the buyer once repairs are complete. All comments and responses from OREF or its staff, managers, and volunteers
Q: What are the seller’s obligations regarding well testing? A: If a property being sold or exchanged has (on the property or through an easement) a well that supplies groundwater for domestic purposes, Oregon law requires the seller to have the well tested for arsenic,
Q: A buyer has signed an exclusive Buyer Representation Agreement with agent 1 for one year and does not formally terminate the agreement. Five months into the agreement, the buyer signs a new exclusive Buyer Representation Agreement with agent 2 and goes under contract on a
Even if a transaction is excluded from requiring a Seller’s Property Disclosure Statement, the seller is still obligated to provide any information the seller has that is material to the transaction or property. All comments and responses from OREF or its staff, managers, and volunteers
Oregon Real Estate Forms (OREF), a leading provider of real estate transaction forms, is thrilled to announce the launch of a new platform provider, Mosaik, a cutting-edge platform that streamlines and enhances the real estate transaction process. The innovative technology platform created by Mosaik empowers
In light of recent legal developments, creating transparency and eliminating confusion around compensation is more important than ever. To help agents in this changing market, OREF has developed a brand-new form, OREF 047 – Advisory Regarding Real Estate Compensation, which explains how compensation for agents