Category: Dear Forms Committee

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

In OREF C-501 – Commercial Sale Agreement, the inspection and due diligence period are the same. In Section 8 (lines 128-135), you will find that this period allows the buyer time to complete and review inspections, business documents, leases, and any other due diligence. In

If the seller is performing pre-inspection services, under lines 30-32 of OREF 081 – Septic Onsite Sewage System Addendum, the buyer has ten days after the seller provides notice that the pre-inspection services are complete to conduct septic inspections and negotiations. The review period starts

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

According to Section 10 of OREF – 001 Residential Real Estate Sale Agreement, if the buyer checks the box for Licensed Professional Inspections or the box for Alternative Inspection Procedures (intending to use OREF – 058 Professional Inspection Addendum), then they have agreed to provide the