Ashley Folse, Author at Oregon Real Estate Forms

Handling Competing Offers Under OREF 083

5 months ago in

Q: My seller has accepted an offer that includes OREF 083 – Buyer's Contingent Right to Purchase Addendum. Today, the seller received another offer without a sale contingency that my seller would very much like to accept. What are the next steps? A: Under Section

OREF 107 + C-561 – Referral Fee Agreement

5 months ago in

Referring a client to another agent? Don’t let your commission get lost in the shuffle. The Referral Fee Agreement (OREF 107 or OREF C-561) makes it easy to clearly document referral terms in writing, giving you peace of mind. It’s one of the simplest

Contingent Sales & Waiver Restrictions

6 months ago in

Q: Why does Section 4 of OREF 083 – Buyer’s Contingent Right to Purchase Addendum say that the buyer can’t waive the contingency for their property sale? Is it supposed to say that the seller can’t waive the buyer’s contingency? A: Section 4 of OREF

Shared Wells: Testing Requirements

6 months ago in

OREF 082 – Private Well Addendum should be used even if the property is serviced by a shared well. The Oregon Health Authority requires that in the sale of property that includes a well that supplies ground water for domestic purposes, the seller shall have

Seller-Initiated Offers: What to Do Instead

6 months ago in

Q: On a long-standing listing, my seller wants to make an offer directly to an interested buyer, including special terms and personal property. Is there an OREF form for a seller-initiated offer? A: OREF does not have a form for sellers’ offers. This is because

Listing Now, Marketing Later? OREF 15 Makes It Easy

6 months ago in

If your seller isn’t ready for you to start marketing their property, OREF 015 - Listing Agreement - Exclusive has you covered! Section 6 has a blank where you can enter the event that needs to occur before marketing begins. For example, if the seller

Team Disclosures: What the Law Requires

6 months ago in

Q: I just finished creating a branded team disclosure for my team to comply with HB 3137. I recently learned that OREF has published OREF 014 - Real Estate Team Disclosure. Do I have to use the OREF form instead of the branded one I

OREF 116 – Advisory Regarding Solar Panels

6 months ago in

Solar panels are showing up in real estate more than ever, and clients are counting on you to have the answers. From ownership questions and financial agreements like leases, loans, and power purchase contracts, to net metering details and potential roof risks, there’s a lot

Seller’s Disclosure Obligations: Trustees and Exemptions

6 months ago in

In Section 1 of OREF 020 – Seller's Property Disclosure Statement, for the third exclusion to apply, the seller must be court-appointed. The trustee of a family or living trust is not appointed by a court, and therefore not exempt from providing the Disclosure Statement.

Smart Home Features: Disclosure Made Simple

6 months ago in

Q: A seller I am representing just accepted an offer on their property. I’m looking for a form to comply with Section 22 Smart Home Features. Why can’t I find a form listing all of the smart home features so the seller can indicate which

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Author: Ashley Folse