Author: Ashley Folse

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

Only the written terms in the Sale Agreement, including counteroffers and addenda, are legally enforceable. Verbal agreements aren’t binding and can lead to legal disputes. Remind clients not to make verbal promises without involving you in documenting them properly. Agents must avoid relying on emails,

OREF 009 – Back-up Offer Addendum should be used as part of a counteroffer whenever a seller considers accepting a second offer while already under contract. It helps protect the seller from “double jeopardy” (agreeing to sell the same property to two buyers), and it

The Seller’s opportunity to object to the escrow company the buyer wishes to use is at the time they receive the offer. If the seller prefers a different company, they should include the company they wish to use in OREF 003 – Seller’s Counteroffer. Failure