Q: I am preparing to list a property. The seller told me they are behind approximately $5,000 in payments on their Owner Association dues. They won’t have the money to pay the past due balance until closing on their property. How should I proceed?
Q: In OREF 054 – Agreement to Occupy After Closing, I’m confused about how to count the number of days of occupancy. On line 14, we filled in that occupancy is to be for five calendar days after closing. Line 13 says the seller’s occupancy
Q: I represent a buyer interested in purchasing an apartment complex containing 15-25 units. Do I need a Buyer Representation Agreement in place before I begin working with this buyer? A: Most of the Oregon laws regarding Buyer Representation Agreements and most of the rules
Q: My seller has indicated to me at the time of listing the property that they’re willing to allow part of my compensation to he shared with the buyer’s agent. Why isn’t there a place to enter this amount in OREF 015 – Listing Agreement?
Q: In Section 5(a) of the Buyer Representation Agreement, can I list an hourly rate and clarify in Additional Provisions that the fee is hourly, with the total due being calculated near closing? A: While there is nothing specific in the NAR Settlement Agreement prohibiting
Q: If my buyer has not waived the Lead-based Paint contingency and the seller delivers the LBP addendum 5 days after the Effective Date, when does the buyer’s ability to terminate based on the LBP contingency end? A: According to Section 15 – Lead-Based Paint
Q: As a means of delivering the required HOA documents to my buyer, the listing agent is providing a link to an HOA website with the seller’s username and password. My understanding is that this does not satisfy the documentation delivery requirement, which includes providing
Q: I’m preparing to list a vacant lot for sale. Is OREF 019—Vacant Land Disclosure required by statute? Should I have my seller complete it at the time of signing a listing so it’s ready for a potential buyer? A: A disclosure statement regarding vacant
Q: The Buyer Representation Agreement says the buyer will owe a fee to the buyer’s agent if, during the term of the agreement or within 60 days following expiration or termination of the agreement, the buyer enters into an Acquisition agreement due to the “efforts