License to Sell.
This buyer representation agreement allows the buyer to work with multiple brokers and only owes a commission to the broker who helps them buy a home.
What is a Non-Exclusive Buyer Representation Agreement.
This is the form used when a seller remains in the home for a period of time after closing.
Agreement to Occupy After Closing - OREF 054
This brand of electrical panel is famously known for being recalled due to fire hazards and is often a red flag during home inspections.
Zinsco or Federal Pacific
Oregon landlords are required to return a tenant’s security deposit within this time frame after the tenancy ends.
What is 31 days.
When using this form, a buyer cannot accept an offer contingent on the sale or closing of another property without this from the seller.
This type of listing agreement grants one broker the exclusive right to sell a property and earn a commission, regardless of who finds the buyer.
What is an Exclusive Right to Sell Listing Agreement?
This form is used to transfer personal property for good and valuable consideration in a real estate transaction.
Bill of Sale - OREF 071
This type of exterior siding, known for its synthetic stucco look, requires careful inspection because it can be prone to moisture damage if improperly installed.
BONUS: If you can name the abbreviation.
What is EIFS (Exterior Insulation and Finish System)
In Oregon, well water purity test results remain valid for this length of time.
What is one year.
To comply with the OREF 083 – Buyer’s Contingent Right to Purchase Addendum, the property must remain listed in this location while the buyer's property is under contract.
What is the primary Multiple Listing Service (MLS) where the buyer’s property is located?
These are the three affirmative duties that Oregon real estate agents owe to all parties in a transaction, not just their own clients.
What are honesty, disclosure of material facts, and accounting?
This form is required when a buyer’s earnest money is being transferred to a different state than where the property is located.
Buyer's Instructions Regarding Transferring Funds Out of State - OREF 066
This naturally occurring radioactive gas can accumulate in homes and is a common reason buyers request testing during the inspection period.
What is Radon?
Before your lender signs off, they want to be sure this kind of test shows the property is safe and sound.
There are none, unless the appraiser makes it subject to a written test report.
In SkySlope, these reusable text blocks help agents insert common but non-standard contract language like escalation clauses into transactions.
What is Global Clauses
These are the seven affirmative duties that a buyer’s agent in Oregon owes exclusively to their client.
Loyalty
Obedience (within the law)
Disclosure of material facts
Confidentiality
Reasonable care and diligence
Accounting
Advise the buyer to seek expert advice when needed
This addendum is used when an unforeseen event prompts one party to request an extension to one or more deadlines in the sales agreement.
Extraordinary Event Addendum - OREF 096
This type of siding is vulnerable to moisture retention, which can lead to fungal growth like mushrooms or mold if not properly maintained.
What is LP (Louisiana-Pacific) siding
This type of agreement allows a broker to assist in drafting forms but does not establish agency or provide additional services beyond what the buyer or seller directs.
What is a scrivener agreement?
Under OREF 099, the buyer may terminate the Sale Agreement at what time?
Anytime prior to Seller Delivering Notice to Buyer to Remove the Sale contingency.
This is the name of the Oregon law that governs real estate brokerage relationships and disclosures.
What is the Oregon Real Estate License Law (ORS Chapter 696)
This is the only timeline in the sales agreement that is measured in calendar days rather than business days.
Lead Inspection Contingency Period
This specialized survey assesses the risk of land movement and slope instability, which is crucial for properties located on hillsides or steep terrain.
What is a geological slide survey?
Rather than focusing on price reductions after listing, Ninja Selling encourages setting this at the beginning to align with buyer expectations.
1. Setting realistic pricing strategy
2. Predetermined price adjustments
On the Seller’s Contingent Obligation to Sell Addendum (OREF 099), the seller has this many options to remove the contingency when the buyer issues a contingency removal notice.
BONUS: If you can name ALL of them
5 in total
Bonus: 1. Enter into an agreement for the purchase of a replacement property
2. Waive or remove any inspection contingency for a replacement property.
3. Waive or remove any appraisal contingency for a replacement property.
4. Close a purchase of a replacement property
5. OTHER