Category: Tip of the Week

As a commercial agent, have you ever wished OREF had a form for you to enter into an agreement with a tenant to represent them in their property search? OREF C-734 – Tenant Representation Agreement – Exclusive allows you to secure an agreement with a

Contrary to what some might expect, OREF 023 – Delivery of Association Documents is completed by the seller, not the seller’s agent. The seller is responsible for identifying the documents being delivered to the best of their ability. The buyer then reviews the documents and

OREF 082 – Private Well Addendum should be used even if the property is serviced by a shared well. The Oregon Health Authority requires that in the sale of property that includes a well that supplies ground water for domestic purposes, the seller shall have

If your seller isn’t ready for you to start marketing their property, OREF 015 - Listing Agreement - Exclusive has you covered! Section 6 has a blank where you can enter the event that needs to occur before marketing begins. For example, if the seller

In Section 1 of OREF 020 – Seller's Property Disclosure Statement, for the third exclusion to apply, the seller must be court-appointed. The trustee of a family or living trust is not appointed by a court, and therefore not exempt from providing the Disclosure Statement.

When completing the Property Condition at Possession section of the Sale Agreements, be clear and specific about the buyer’s expectations. Vague language, such as “Property to be professionally cleaned prior to closing,” can be interpreted in many ways. Instead, list exactly what should be cleaned.

There’s an important difference between a closing statement and a Closing Disclosure. Closing statements, issued by escrow to both buyer and seller, list all debits and credits from a transaction and show the amounts the parties owe or receive at closing. The Closing Disclosure, a

If a property has more than one septic tank or septic system, the buyer should include a separate OREF 081 – Septic/Onsite Sewage Addendum for each one. This allows each addendum to specify the services the buyer wants performed for that particular tank or system.

Attaching the Seller’s Property Disclosure Statement to the MLS listing does not count as delivery to the buyer. Under ORS 105.485, “The burden of proof of lawful delivery of a seller’s property disclosure statement and any amendment thereto is on the seller.” Making the document

OREF 081 – Septic/Onsite Sewage Addendum and OREF 082 – Private Well Addendum each have their own contingency with timelines that are separate from the Professional Inspection contingency. The timelines are detailed within those addenda. Section 12 of OREF 001 – Residential Real Estate Sale