Please don't make me retest.
This acronym represents the four essential rights of real property ownership: Possession, Control, Enjoyment, and Disposition.
What is PCED?
The bundle of rights associated with real property ownership.
P — Possession: The right to occupy and possess the property.
C — Control: The right to determine how the property is used, subject to laws and restrictions.
E — Enjoyment: The right to use and enjoy the property without unlawful interference.
D — Disposition: The right to sell, transfer, gift, or otherwise dispose of the property.
Your buyer wants the refrigerator, washer, dryer, and that beautiful dining room chandelier. This is where those items need to be addressed so nobody is arguing about appliances at the final walkthrough.
What is the Personal Property section of the Residential Real Estate Sale Agreement, or an appropriate written addendum?
According to Ninja Selling, these two things are the foundation of building a successful real estate business. Hint: One is how you think, and the other is what you do.
What are mindset and action?
Ninja Selling emphasizes both mindset and consistent productive activities.
Your buyer's offer is contingent on selling their current home. This OREF addendum is about to become your new best friend.
What is OREF 083 — Buyer's Contingent Right to Purchase Addendum?
Your broker says, 'I didn't think I needed to tell you because it's my own property.' In Oregon, a licensee selling personally owned real estate must disclose this important fact.
What is their Oregon real estate license status?
Being the owner doesn't eliminate licensee disclosure obligations. This needs to be publicly marketed.
This type of estate represents the highest form of ownership interest in real property, with potentially indefinite duration.
What is fee simple absolute?
The most complete form of private real property ownership.
Your buyer and seller have agreed to change the closing date. The agents have discussed it, everyone is happy, and the lender says it's fine. This document is still needed to make the change official.
What is a written amendment signed by the parties?
You have 500 people in your database, but haven't spoken to most of them since 2022. Ninja Selling teaches that these two types of FLOW activities keep you connected to your people.
What are live FLOW and auto FLOW?
Live FLOW is personal interaction; auto FLOW includes consistent marketing touches.
Your buyer is paying cash but still wants protection if the home appraises low. This 2026 OREF contingency can make that happen.
What is the Appraisal Contingency in Section 6 of OREF 001?
The standalone appraisal contingency may be selected even without financing.
You volunteer to host an open house for an agent at another brokerage because, "We're all REALTORS®, what's the big deal?" Unfortunately, these two things could turn their good deed into a compliance nightmare.
What are E&O insurance coverage restrictions and buyer representation agreement requirements?
Under Windermere Heritage's E&O policy, hosting an open house for another brokerage isn't covered. Additionally, buyer representation requirements must be evaluated before touring buyers, based on the applicable Oregon rules and MLS policies. Whether every open-house visitor needs a signed agreement depends on the circumstances; attendance alone does not necessarily trigger that requirement.
This legal term describes the gradual accumulation of land along a riverbank through the natural deposit of soil. No, it's not what happens to your waistline during conference season.
What is accretion?
Remember: accretion adds land; erosion gradually removes it.
Your seller has accepted an offer, but the buyer hasn't delivered earnest money by the agreed deadline. This is the contractual problem the buyer may now be facing.
What is a breach or default of the earnest money delivery obligation?
Your buyer tells you they're thinking about moving closer to family. Instead of immediately sending listings, a Ninja asks questions to uncover these two things.
What are pain and pleasure?
Understand what someone wants to move away from and what they're moving toward.
Your lender says, 'Don't worry, we have plenty of time.' Under the 2026 OREF 001, this is the default loan contingency deadline when the blank is not filled in.
What is 20 business days after the effective date?
The 2026 agreement introduced a defined loan contingency deadline, rather than automatically extending it through closing.
Your seller tells you the basement floods every winter, then says, 'But don't tell the buyers. We painted over it!' Oregon law requires the agent to disclose these types of known facts.
What are material facts that are not apparent or readily ascertainable?
ORS 696.805. A seller's request for secrecy does not eliminate the agent's disclosure duty.
Your neighbor has been using a portion of your property openly, continuously, and without permission for years. This legal doctrine could potentially allow them to acquire ownership if all statutory requirements are met.
What is adverse possession?
Oregon generally requires a 10-year period plus additional statutory elements, including an honest and objectively reasonable belief of ownership.
Your buyer discovers a concerning issue during their property inspection. Instead of terminating, they want the seller to make repairs. This OREF form is commonly used to document the buyer's repair requests.
What is the OREF Buyer’s Repair Addendum?
You arrive at the office, check your email, scroll Instagram, and somehow it's already noon. According to Ninja Selling, this daily practice should have happened before the chaos took over.
What is the Ninja Nine?
Nine success habits organized around gratitude, FLOW, and customer service.
The appraisal deadline has arrived, but the appraisal hasn't. After notifying the seller that the contingency cannot be satisfied, the buyer has this many business days to decide whether to extend, waive, or terminate the agreement, assuming no other deadline was specified.
What is two business days?
The buyer may pursue a written extension, waive the contingency, or terminate under the form's requirements.
Your broker has a buyer representation agreement that automatically renews for three years. Under Oregon law, this is the maximum permitted duration, including automatic renewals, for a covered residential buyer representation agreement.
What is 24 months?
ORS 696.810; exceptions apply to certain commercial and larger residential transactions.
A property owner grants someone the right to cross their land, and that right benefits a neighboring parcel rather than a specific person. This is the type of easement they created.
What is an easement appurtenant?
The benefited parcel is the dominant estate; the burdened parcel is the servient estate.
Your buyer is three days from closing, has suddenly developed cold feet, and realizes they've never received the Seller's Property Disclosure Statement. Assuming they haven't waived their statutory right to revoke and the seller isn't exempt, which OREF form should they use to revoke their offer and demand their earnest money back?
OREF 056 is necessary when revoking based on the Seller's Property Disclosure Statement. OREF 057 (Termination Agreement and Deposit Disbursement Instructions)
You meet a potential client and immediately launch into your commission, marketing plan, sales volume, and 47 reasons you're amazing. Ninja Selling teaches you to focus on this instead of selling yourself.
What is asking questions and listening to discover the client's needs?
Ninja Selling emphasizes a consultative, relationship-based approach.
Your buyer checked the box for an appraisal contingency, then the appraisal came in $25,000 below the purchase price. This is the one thing the seller is NOT automatically obligated to do.
What is reduce the purchase price to the appraised value?
A low appraisal does not automatically rewrite the purchase price. The parties must negotiate any change.
Your broker closed the transaction, collected the commission, and deleted the entire file because, "We're done!" Oregon requires brokerage transaction records to be retained for at least this many years.
Answer: What is six years?