Category: Dear Forms Committee

If a home has a solid fuel burning device, other than a cookstove, that is not certified by Oregon DEQ or the U.S. EPA, Oregon law requires the device to be removed and destroyed before (or within 30 days after) the home is sold. So

In many transactions, the HOA documents (CC&Rs or Bylaws) specify who is responsible for paying any applicable transfer fee.  Links to the CC&Rs and Bylaws are typically included in the Preliminary Title Report, although it may take some hunting through them to find the answer.

Section 3 of the OREF 083 – Buyer’s Contingent Right to Purchase Addendum incorporates the terms of OREF 083A – Contingent Right to Purchase – Notice to Seller and OREF 083B – Contingent Right to Purchase – Notice to Buyer into the contingency terms. Section

OREF 083 – Buyer’s Contingent Right to Purchase Addendum is only necessary if the buyer’s property is not yet pending. If the property is already pending, the buyer must identify that as a contingency in Section 4 of the Sale Agreement. Be sure to include

The contingency regarding funds from a lending institution is covered in the “Financed” section of the Sale Agreement (Section 6). If the buyer selects “Financed,” then the buyer does not need to include a representation in Section 4 regarding any contingency for funds from a

Every OREF Sale Agreement includes a provision in the Miscellaneous section that says: “Time is of the essence of this Agreement.” This provision means that the deadlines throughout the Sale Agreement and any addenda are material to the contract. If either party does not meet

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