Received an offer for your client? A careful review ahead of time can prevent problems later. Here is a list of items to look for to help protect your seller, demonstrate your expertise, and set the stage for a smooth transaction. 10 Things to Look
Before listing a property, it is helpful to review the sale agreement likely to be used. Each is tailored to a specific property type, so knowing the terms that will be negotiated boosts your professionalism when offers come in. To learn more about the details
Contingencies are a normal part of any transaction—but removing them shouldn’t be complicated. This form makes it easy for the beneficiary to officially remove or waive a contingency and notify the other party. With clear references to the original agreement, simple checkboxes for common contingencies,
Q: In Section 5(a) of the Buyer Representation Agreement, can I list an hourly rate and clarify in Additional Provisions that the fee is hourly, with the total due being calculated near closing? A: While there is nothing specific in the NAR Settlement Agreement prohibiting
Q: If my buyer has not waived the Lead-based Paint contingency and the seller delivers the LBP addendum 5 days after the Effective Date, when does the buyer’s ability to terminate based on the LBP contingency end? A: According to Section 15 – Lead-Based Paint
Remember, when a real estate agent is buying or selling their own property, the Oregon Real Estate Agency’s rules require the agent to disclose their licensed status across all advertising and in the first written agreement. This rule also applies if a business entity is
Let’s be honest—title insurance probably isn’t something your clients talk about over dinner. It often sounds like a confusing mix of legal terms and fine print. This advisory provides clients with a basic overview of what title insurance is, what it typically covers (and doesn’t
When working with agents from outside Oregon, remember that real estate rules vary widely, even within the same state. Always verify local requirements, and don’t assume what works elsewhere will work in your market. If in doubt, check with your managing principal broker or legal
Q: As a means of delivering the required HOA documents to my buyer, the listing agent is providing a link to an HOA website with the seller’s username and password. My understanding is that this does not satisfy the documentation delivery requirement, which includes providing