Q: I am licensed as a real estate agent in the State of Oregon. I am looking to buy property for myself personally, and my spouse will also be one of the buyers on the contract. Do I need to complete a Buyer Representation Agreement
Q: When a seller is offering a back-up position to a buyer and accepts all the other terms of the Sale Agreement, which box does the seller check in Section 51 in response? They are accepting the terms, but they have previously agreed to sell
Section 32 of OREF 001 – Residential Real Estate Sale Agreement includes provisions identifying the circumstances that would have to apply for the buyer to be entitled to a refund of their earnest money, and the circumstances that would have to apply for the seller
Q: I am preparing to list a property. The seller told me they are behind approximately $5,000 in payments on their Owner Association dues. They won’t have the money to pay the past due balance until closing on their property. How should I proceed?
The insurance provision in the OREF Sale Agreements is an advisory, not a contingency. If the purchase is being financed, the lender will require property insurance, and not getting insurance would mean failure of the financing contingency. If there is no lender, insurance coverage would
Remember that according to the way Notices are defined in the Miscellaneous section of the OREF Sale Agreements, whenever a document is delivered to you, it is also considered to have been delivered to your client. Therefore, you should immediately deliver everything you receive to
Q: In OREF 054 – Agreement to Occupy After Closing, I’m confused about how to count the number of days of occupancy. On line 14, we filled in that occupancy is to be for five calendar days after closing. Line 13 says the seller’s occupancy