Environmental
Oregon requires smoke detectors in residential dwellings. When selling a home, the seller must certify that:
ASmoke detectors have been recently replaced with new models
BOperable smoke detectors are installed in required locations✓ Correct
CSmoke detectors are hard-wired to the electrical system
DSmart smoke detectors connected to a monitoring service are installed
Explanation
Oregon law (ORS 479.255) requires that smoke alarms be installed and operable in residential dwellings.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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