Category: Dear Forms Committee

Q: I represent the buyer in a pending sale. The lender did not send the funds to escrow, and we need a four-day extension to close. The seller has agreed to the extension only if they receive $250 per day for each day past the

Q: My buyer needs help paying the closing costs associated with their loan. When writing up their offer, they’ve asked that in Section 4 – Seller Contributions, item (b) Closing Costs, I check the second box and put 100% in the blank. They’d like the

Q: As a buyer’s agent, which documents from the buyer’s purchase should I send to the lender? A: Each lender has its own requirements, so always confirm directly with the lender what they need. As a general rule, you should provide all contractual documents between

Q: I’m preparing to list a home built in 1981, so the lead-based paint disclosure rules don’t apply. However, the shop was built in 1975. Should I ask the seller to complete OREF 021 - Lead-Based Paint Disclosure Addendum for the shop? A: The Lead-Based

Q: A seller I am representing just accepted an offer on their property. I’m looking for a form to comply with Section 22 Smart Home Features. Why can’t I find a form listing all of the smart home features so the seller can indicate which

Q: I represent the seller in a pending transaction. The inspection period ended yesterday (per Section 12(a) of the Sale Agreement), but today the buyer’s agent sent over a signed copy of OREF 064 – Notice of Unconditional Disapproval and OREF 057 – Termination Agreement.

Q: My seller mistakenly checked the rejection box on the Sale Agreement, but sent a counteroffer that the buyer accepted. We’re now a week into the transaction, and the Principal Broker noticed the error. What is the best way to correct this? A: Based on

Q: I represent sellers who own a property in a living trust, with the spouses listed as Trustees. How should I identify the seller on the listing and offer paperwork, and how should they sign the documents? A: Because this topic can be confusing, it

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