Category: Dear Forms Committee

Q: In OREF 054 – Agreement to Occupy After Closing, is day one considered the date of closing or the day after closing? A: When selecting the number of “days after closing” in section 2 of OREF 054 – Agreement to Occupy After Closing, since

Q: Can you please help clarify if the seller is responsible for repairs proposed on the Seller’s Repair Addendum if the buyer did not accept it before the inspection deadline? In a situation where the buyer and seller agree to the provisions in the Property

Q: In Seller’s Counteroffer No. 1, the seller countered the buyers’ offer with four items, including increasing the purchase price by $5,000. When the buyers countered back, they countered on three of the items but not the sales price. Since the buyers did not accept

Q: I would like some additional questions added to OREF 020-Seller’s Property Disclosure Statement – who can I send those to? A: The questions on OREF 020 – Seller’s Property Disclosure Statement – come directly from Oregon law (ORS 105.464). That means they can only

Q: A seller agreed to a pest control treatment requiring insulation removal, but doesn’t want to pay to reinstall new insulation. Can you point me to the lines in the contract stating that sellers must restore the property to the condition it was in before

The OREF-083 Buyers Contingent Right to Purchase Addendum was created to allow a buyer, who needs to sell their current property in order to purchase a new property, the ability to find a new property before their current property has sold. If the buyer has

A multiple listing service is not just a detailed list of properties that are for sale.  Each brokerage that subscribes to an MLS promises to follow all MLS rules, including the rule that requires each subscribing brokerage to pay the Buyer’s Agent’s Commission to the

  Since there is no consistent communication medium in every transaction, there is no way to contractually agree that all parties will be made aware of when recording occurs simultaneously. Parties can agree to this change in the “Additional Provisions” section if needed, but be

In OREF C-501 – Commercial Sale Agreement, the inspection and due diligence period are the same. In Section 8 (lines 150-156), you will find that this period allows the buyer time to complete and review inspections, business documents, leases, and any other due diligence. In

In instances where the seller is not represented, there is no requirement for an agent to document delivery to the seller. Therefore, this line does not need to be filled in. But remember to use OREF 100 – Unrepresented Party Acknowledgement, to document the fact