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Oregon Commercial Purchase and Sale Agreement

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Oregon Commercial Purchase and Sale Agreement

Updated July 25, 2024

An Oregon commercial purchase and sale agreement defines various terms and conditions for a buyer’s offer to purchase commercial real estate. The proposal conveyed in the agreement is an irrevocable offer that is only valid for a specific amount of time. Within this term of validity, the seller can either accept the offer as-is or negotiate a new contract by presenting a counteroffer to the buyer. However, if the seller neither accepts the terms nor submits a counteroffer prior to the expiration of the proposal, the document will no longer be valid and the offer shall be considered rejected.

Disclosures

Initial Agency Disclosure – Real estate licensees are required to provide this disclosure to consumers upon the first substantive meeting. The disclosure will inform the consumer of the licensee’s legal obligations during the transaction.[1]

Residential Property


Oregon Residential Purchase Agreement – This real estate contract is used by a seller and a buyer to set forth the terms and conditions of the purchase and sale of residential property.

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Sources

  1. § 863-015-0215