Agency
Oregon law requires that when a licensee presents a written offer to purchase to a seller, the seller must be informed:
AOnly of the offer price
BOf all material terms of the offer, including price, financing, contingencies, and closing date✓ Correct
COnly if the offer is within 5% of the listing price
DOnly of the buyer's financing type
Explanation
When presenting an offer, an agent must explain all material terms to the seller — not just the price. This includes financing details, contingencies, closing timeline, earnest money amount, and any special conditions. The seller needs complete information to make an informed decision.
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