Keep in mind that the termination provisions included in OREF 082 – Private Well Addendum and OREF 081 – Septic/Onsite Sewage Addendum do not provide for unconditional disapproval. In both addenda, before they can terminate the transaction, the buyer must provide to the seller a
Remember that ORS 105.465(2) says the “seller” must complete the Seller’s Property Disclosure Statement, not their agent. The seller’s agent can offer clarification if the seller has any questions, but should not answer the questions on the seller’s behalf. All comments and responses from OREF
When preparing an offer, always confirm you’re using the Oregon Real Estate Forms (OREF) Sale Agreement tailored to the specific type of property you’re selling. For example, if you’re writing an offer for vacant land, ensure you use OREF 008 – Vacant Land Sale Agreement.
Received an offer for your client? A careful review ahead of time can prevent problems later. Here is a list of items to look for to help protect your seller, demonstrate your expertise, and set the stage for a smooth transaction. 10 Things to Look
Before listing a property, it is helpful to review the sale agreement likely to be used. Each is tailored to a specific property type, so knowing the terms that will be negotiated boosts your professionalism when offers come in. To learn more about the details
Remember, when a real estate agent is buying or selling their own property, the Oregon Real Estate Agency’s rules require the agent to disclose their licensed status across all advertising and in the first written agreement. This rule also applies if a business entity is
When working with agents from outside Oregon, remember that real estate rules vary widely, even within the same state. Always verify local requirements, and don’t assume what works elsewhere will work in your market. If in doubt, check with your managing principal broker or legal
When listing a property, confirm the seller understands FIRPTA and whether they’re considered a “foreign person.” Buyers should also be aware of potential financial consequences if the seller is determined to be a foreign person. OREF 092 – Advisory Regarding FIRPTA helps both parties make
Make sure to properly document the reason for terminating a transaction. Most termination reasons are covered by OREF 109 – Notice from Buyer to Seller and OREF 064 – Buyer’s Notice of Unconditional Disapproval. If the termination is based on the Seller’s Property Disclosure Statement,
Do you know that a big part of the reason a buyer or seller hires you is your negotiating skills? Your ability to get them the price and terms they want in their transaction is incredibly important. The better your negotiating skills, the more likely