Dear Forms Committee Archives - Oregon Real Estate Forms

Why We Still Have a Bill of Sale Even Though Section 2.2 of the Sale Agreement Covers Personal Property

2 weeks ago in

Q: Since Section 2.2—Personal Property of the Sale Agreement includes a section for identifying personal property that will be transferred with the sale, why is there a Bill of Sale in our library? A: Section 2.2 – Personal Property in the Sale Agreement is typically

Do Non-Certified Woodstoves in Outbuildings Need to Be Removed?

3 weeks ago in

Q: I’m preparing to list a property with a certified woodstove in the house and a non-certified woodstove in a shop. Does the shop’s stove need to be removed since it’s not in the house? And, should I have the seller complete two of the

Understanding Oregon’s Rule on Working Within Your Expertise

4 weeks ago in

Q: I’ve heard that Oregon statute requires agents not to work outside their area of expertise. What does that mean? A: It means that all of an agent’s work must be performed in a competent manner. ORS 696.301(12) says that an agent’s license may be

Commission Sharing vs. Seller Paying Both Agents: What’s the Difference?

1 month ago in

Q: What is commission sharing, as opposed to the seller paying both their agent and the buyer’s agent? Isn’t it the same thing? A: Commission sharing, also known as cooperative compensation, means that one agent is being paid by a party to the transaction and

Under OREF 001 Section 6: Who Pays the Appraisal Reinspection Fee for Missing Water Heater Straps?

2 months ago in

Dear Forms Committee

Q: Under Section 6 of OREF 001—Residential Real Estate Sale Agreement, sellers must pay appraisal reinspection fees only if their breach causes the need for an appraisal reinspection. If the seller agreed to install water heater straps during repair negotiations and the appraiser flagged them

Do I Need a Buyer Rep Agreement for a Friend Tagging Along on Showings?

2 months ago in

Dear Forms Committee

Q: My buyer has asked if they can bring a friend to property showings. Do I need to have a signed buyer representation agreement with the friend before they enter any homes? A: The need for a buyer representation agreement hinges on the friend’s intended

Smart lights, voice assistants & more—what other features are considered ‘smart’?

2 months ago in

Dear Forms Committee

Q: Section 22 of OREF 001 – Residential Real Estate Sale Agreement requires the seller to list all smart home features within a default of 3 business days after the effective date. Besides doorbell cameras, what other smart home features are there? A: The term

Non-Member MLS Showings: Are Written Commission Confirmations Still Required?

2 months ago in

Dear Forms Committee

Q: I’ve always been told that I shouldn’t show property exclusively listed in an MLS for which I’m not a member without first getting something in writing from the seller’s agent confirming they’ll share their commission with me. Has this changed with the changes in

Personal property vs. fixtures in OREF Sale Agreements—what’s the difference?

3 months ago in

Dear Forms Committee

Q: What is the difference between “Personal Property” and “Fixtures” in the OREF Sale Agreements? A: “Personal property” is movable property, such as furniture, pictures, and hoses. “Fixtures” were personal property at one time, but now they are items attached to the structure in a

Collapsed Septic on Vacant Land: Should You Mark ‘Yes’ & Include OREF 081?

3 months ago in

Dear Forms Committee

Q: I am working with a buyer preparing to write an offer on a piece of bare land. The seller’s agent has told me there is an old septic system on the property that has collapsed and no longer functions. In Section 13 of OREF

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Category: Dear Forms Committee