Category: Tip of the Week

While permitted by Oregon statute, representing two separate buyer clients who are attempting to purchase the same property creates a significant conflict of interest.  When the same agent writes both offers it could create the perception of unprofessional behavior, lack of loyalty or favoritism toward

Remember to keep confidential all information about your client and any documents they have signed, unless the document is part of the Sale Agreement needed to facilitate the progress of a transaction, or your client gives you written permission to disclose. All comments and responses

Seller’s Property Disclosure Statement. Users can help sellers understand the questions, but must not help answer them or fill out the form. Agents expose themselves to liability for inaccurate statements when they participate in filling out the form. When representing the seller, be sure to

Well and septic system inspections have timelines different from the standard inspection period. It’s important to review the details in OREF 081—Septic/Onsite Sewage System Addendum and OREF 082—Private Well Addendum and ensure they are included in your transaction if they apply. All comments and responses

In addition to using OREF 102 – Advisory to Buyer Recording Devices May Be Present, it’s a good idea to remind your buyer regularly to hold off on any conversations while still on the property. All comments and responses from OREF or its staff, managers,

Encourage your buyer to discuss their Buyer Representation Agreement with their lender as early as possible. Addressing key considerations with the lender upfront can help streamline the process and avoid potential delays. All comments and responses from OREF or its staff, managers, and volunteers are

When drafting an Addendum to the Sale Agreement, using “Agreement” or “Sale Agreement” to refer to the Sale Agreement will clarify which document you are referring to. Using “Contract” or “PSA” can create ambiguity and confusion between the parties. All comments and responses from OREF

If the buyer would like to ensure specific personal property is included in the sale, those items should be documented in the Sale Agreement for clarity and transparency. Remember, MLS printouts or marketing materials are for informational purposes and are not considered part of the

Anytime you see a word capitalized in any OREF form, there is a definition for that term (unless, of course, it is the first word of a sentence or a proper noun). The definition can be found either in the section where it is used

Do you have a client who is visually impaired?  The OREF Residential Library is now available as large font sample files on our website at: orefonline.com/largefont. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes.