Opening escrow involves more than sending over a purchase agreement.
OREF Forms 113 and 114 provide escrow with important transaction information, clear compensation instructions, and key contact details to help keep the transaction moving smoothly. In the videos below, we’ll explain when to use these forms, when to update them, when OREF 091 should be used instead, and share best practices that can help you avoid common mistakes.
Do you have an idea or suggestion for a new form or edits to existing forms? We want to hear from you! Submit your ideas to our Forms Committee here.
Always check with your principal broker or legal counsel to ensure that you are following any policy requirements of your brokerage. 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.
