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Dear Forms Committee: In the OREF Sale Agreements, does the buyer need to include funds from a lender in the Buyer Representation of Funds section?

The contingency regarding funds from a lending institution is covered in the “Financed” section of the Sale Agreement (Section 6). If the buyer selects “Financed,” then the buyer does not need to include a representation in Section 4 regarding any contingency for funds from a lending institution.

All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.