A letter of intent (LOI) is your secret weapon for kicking off a commercial property deal. Form C-514, in the OREF Commercial Library, outlines key terms like price, financing, and contingencies, ensuring everyone starts negotiations on solid ground before diving into a formal contract. Think
When assigning a sale agreement to a new buyer or adding an additional buyer, it is essential to ensure that all parties are fully aware of their rights and responsibilities. OREF’s new form, Assignment and Assumption of Sale Agreement, provides a clear and effective way
Using Disclosed Limited Agency forms (OREF 040 + OREF 041) offers clients transparency and confidence in knowing they are deciding whether they will authorize an agent to represent both parties in a transaction. They are valuable tools for maintaining trust and professionalism in dual agency
Counteroffers (OREF 003 and OREF 004) make negotiations smoother and easier by providing clear, hassle-free ways to modify the terms of a Sale Agreement or counteroffer. These forms keep everything organized, helping both buyers and sellers stay on the same page and negotiate with confidence—no
Based on subscriber feedback, the OREF 081—Septic Onsite Sewage System Addendum was revised earlier this year. This addendum simplifies the inspection process for septic system transactions by clearly outlining inspection responsibilities. Do you have an idea or suggestion for a new form or edits to
We know we’ve discussed the OREF 050 — Buyer Representation Agreement — Exclusive before, but with the recent NAR settlement changes, it’s now mandatory for buyers to sign an agreement with an agent before touring homes. It’s essential to fully grasp the details of this
Introducing the new OREF 018—Advisory to Seller Regarding Lead-Based Paint! This essential form helps you guide your sellers on their legal responsibilities concerning properties that may have lead-based paint or related hazards. Include this form in your listing packets to ensure you’re fulfilling your duty
OREF 048 – Seller Contributions Addendum, allows a buyer to effectively request and track seller contributions towards buyer expenses, ensuring transparency and smooth dealings for all parties involved. From requesting buyer agent compensation when there is not already an offer of compensation in place to
With the passing of House Bill 4058 and the proposed NAR settlement, our form, OREF 050 — Buyer Representation Agreement — Exclusive, has undergone a complete overhaul to ensure that agents and clients are compliant with the new requirements. Do you have an idea or
In light of recent legal developments, creating transparency and eliminating confusion around compensation is more important than ever. To help agents in this changing market, OREF has developed a brand-new form, OREF 047 – Advisory Regarding Real Estate Compensation, which explains how compensation for agents