Q: I need help understanding when to use different versions of the OREF Sale Agreements. Can you provide some insight? A: The OREF 000 Guide to Using OREF Residential Library Forms is a great resource for this question! Here is a quick summary of the
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The Closing Deadline in the OREF Sale Agreements is the final date by which closing must take place. Parties can opt to close earlier by notifying escrow. However, if an extension is necessary for any reason, such as accounting for a holiday, the parties must
Attention Zipform Users: Are you looking for training on how to utilize Zipforms platform better? We have you covered with the following tutorials available on our website: Purchase Example and Listing Example All comments and responses from OREF or its staff, managers, and volunteers are
Q: OREF 059 – Receipt of Reports/Removal of Contingencies was recently updated, allowing the seller to provide access to HOA documents on a website. Does this impact the seller’s responsibility to provide the documents requested? A: No, because website access simply offers another avenue for
Sellers should thoroughly review the Seller Representations section of the sale agreement. If any information is inaccurate, the seller should provide the necessary corrections in an addendum or counteroffer. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made
Q: What if a buyer is unable to obtain homeowners insurance on a property they are purchasing? A: The Insurance section of OREF Sale Agreements (for example, Section 9 of OREF 001 – Residential Sale Agreement) recommends that buyers promptly verify insurance availability and costs.
From contracts to client communications, the property buying and selling process involves a lot of language. So, what do you do if your client speaks and reads a different language than you? You use a translator/interpreter! And you take advantage of OREF Form 112, our
If any revisions need to be made to a document after it has been agreed to by all parties, those revisions should be made on a separate document signed by all parties. No changes or alterations are permitted to any portion of the pre-printed format
OREF 056 – Buyer’s Notice to Seller of Revocation and Demand for Refund: This form should only be used when the buyer revokes their offer as permitted under the Seller’s Property Disclosure Statement section of the Sale Agreement. All comments and responses from OREF or