Contracts
Under Oregon law, which party in a real estate transaction is primarily responsible for determining if an offer creates a binding contract?
AThe Oregon Real Estate Agency
BThe escrow company
CThe parties themselves (buyer and seller), typically with advice from their agents or attorneys✓ Correct
DThe title company performing the title search
Explanation
While brokers facilitate real estate transactions, the parties themselves (buyer and seller) are responsible for determining whether they have formed a binding contract. Brokers provide guidance, and parties may consult attorneys, but contract determination is ultimately a legal matter for the parties.
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