Contracts
In Oregon, when a real estate broker drafts an offer using pre-approved forms, they are:
APracticing law without a license
BPerforming a ministerial act as part of their licensed real estate services✓ Correct
CProviding legal advice
DActing outside the scope of a real estate license
Explanation
Using pre-approved real estate forms to fill in standard contract terms is considered a ministerial act within the scope of a real estate license in Oregon. Brokers are not practicing law by filling in form contracts, but they cannot provide legal advice or draft custom legal documents.
Related Oregon Contracts Questions
- A property in Portland is listed at $650,000. The buyer offers $625,000. The seller counters at $640,000 with a 48-hour deadline. Before the deadline passes, the seller accepts a higher offer from another buyer. This is:
- Under Oregon contract law, an agreement that lacks consideration is:
- What is a 'contingency release' in an Oregon real estate transaction, and what is the significance of the buyer signing one?
- In Oregon, a purchase contract contingency must be either removed or exercised by the stated deadline. If neither party acts, the contingency is typically:
- In Oregon, a listing agreement that gives the broker the right to a commission regardless of who sells the property is called:
- An earnest money dispute in Oregon between the buyer and seller is typically resolved by:
- Under the Statute of Frauds, which of the following real estate agreements does NOT need to be in writing to be enforceable in Oregon?
- Which of the following is an example of a 'unilateral contract' in real estate?
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