Category: Tip of the Week

Real estate has a language of its own, and terms that feel second nature to you may be unfamiliar to your clients. Lean on our Real Estate Transaction Terms and Concepts (OREF 000c) to bridge that gap by making real estate terminology easier to understand.

As a buyer’s agent preparing to submit an offer, remember that not every document shared with or signed by your buyer needs to be included in the offer package to the seller. Documents such as the Buyer Representation Agreement, Disclosed Limited Agency Agreement, and signed

The content of the Seller’s Property Disclosure Statement is defined by Oregon statute, so it is consistent across all form providers. As a result, a disclosure from one provider may be used even if the sale forms are from another provider, which is an uncommon

Well-informed clients make better decisions. OREF 000B – Advisory for Buyers and Sellers of Real Estate brings together many of the key topics buyers and sellers should consider during a transaction, with links to additional OREF advisories for more detailed information. Consider including this practical

 Is your listing agreement about to expire? OREF makes it easy to extend. Use Section 1 of OREF 016 – Listing Agreement Addendum to update the term of your original agreement to a new date. All comments and responses from OREF or its staff, managers,

Looking for leasing forms for your commercial landlord or tenant? OREF has you covered. Explore OREF C-701, C-703, and C-704—a complete suite of commercial lease agreements, including Full Service, Triple Net, and Modified Gross options. All comments and responses from OREF or its staff, managers,

If a person passes away and another individual is appointed by the court to sell their real property, that individual qualifies for the exemption in Section 1, line 19 of OREF 020 – Seller’s Property Disclosure Statement and is not required to complete the disclosure. This exemption applies even if the

Remember when there used to be a line at the end of the Sale Agreement for the buyer to acknowledge receipt of the seller’s acceptance? OREF removed it because it often caused confusion. That said, agents are still required to document the date and time an accepted offer is

OREF 058, formerly the Professional Inspection Addendum, has been converted to the Advisory Regarding Due Diligence, reflecting its primary role as a buyer advisory. Under OREF 001 – Residential Real Estate Sale Agreement, Section 12.2(a), buyers may conduct as many inspections as they choose during the inspection period,

The language and compliance requirements contained in the Lead-Based Paint Disclosure Addendum are mandated by the EPA and are not tailored specifically to Oregon real estate practice. The EPA recently revised both the required disclosure language and related compliance obligations. Under the updated provisions, reflected