Welcome to OREF’s first installment of our Did You Know Series. This series provides additional education to you—our subscribers—using questions that have been asked by others.
IS THERE A FORM FOR REPRESENTING BOTH A BUYER AND SELLER TOGETHER?
When the Oregon legislature required agents to use Disclosed Limited Agency Agreements, the Oregon Real Estate Agency (OREA) created two forms: one for sellers and one for buyers. The OREF Forms Library matches what was set up by OREA. Each side should sign the agreement that is designed for that side, making it easier for the clients to understand the representation that is specific to them.
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Disclaimer: On occasion OREF staff, Managers, or Forms Committee volunteers may provide Forms subscribers with general information and education regarding the proper selection and use of OREF Forms. Neither OREF nor its staff, Managers or volunteers are attorneys or are authorized to practice law, and no information or educational materials provided by them are intended to constitute legal, tax, accounting or other professional advice of any kind. All such information and materials are non-legal opinions offered for general educational purposes, and each Forms subscriber must rely solely upon his or her principal broker or personal legal counsel for specific advice and instruction. Brokers and their clients should independently confirm that the Form(s) being used are legally suitable for the purposes intended, and that they are current with respect to all laws and regulations.