Category: Dear Forms Committee

When selecting the number of “days after closing” in section 2 of OREF 054 – Agreement to Occupy After Closing, since the time frame indicated is “days after closing,” day one would be considered the day after closing. See also Item (8) of the “Miscellaneous”

Dear Forms Committee, In a situation where the buyer and seller agree to the provisions in the Property Inspection period and have selected Licensed Professional Inspections (or are using OREF 058 – Professional Inspection Addendum), a seller rejects OREF 022A – Buyer’s Repair Addendum and

Dear Forms Committee, 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

Lines 46 & 47 mean that before the agent receives compensation from more than one person in a transaction, the NAR Code of Ethics requires that the client must be informed of that fact and consent to it. For example, if the buyer’s agent is

No, Section 4.B does not apply in this situation, and those boxes should not be checked. Only Section 6 applies if the seller provides financing and no institutional lender is involved. All comments and responses from OREF or its staff, managers, and volunteers are non-legal

The questions on OREF 020 – Sellers Property Disclosures are straight from a statute – ORS 105.464 – so they can only be changed by bills passed through both houses of the Oregon Legislature and signed by the governor. If you would like to suggest

Section 14 (4) of the Sale Agreement includes the seller’s representation that, when the buyer is entitled to possession of the property, it will be substantially in the condition it was in when the seller accepted the offer. Because insulation was in place at the

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