Oregon sellers have a duty to disclose important facts that may negatively impact the value of the property. The way they do this is through completing a property disclosure statement.
There are three versions of the disclosure statement published by the Oregon Association of Realtors, which one you use depends on the type of property. The versions are:
- Seller Property Disclosure Statement (for 1-4 unit residential sales)
- Seller Agricultural Land Disclosure
- Seller Vacant Land Disclosure
We will provide you a free .pdf copy of any Oregon Association of Realtors disclosure upon submitting a flat fee MLS listing through our website. We charge a one-time fee of $95 to list your home on the MLS.
The format for the Property Disclosure Statement is defined by Oregon statute 105.464.
For the most current list of exemptions from this disclosure, see ORS 105.470. Below are the exemptions noted as of the original publishing of this article.
- The first sale of a dwelling never occupied, provided that the seller provides the buyer with the following statement on or before the date the buyer is legally obligated to purchase the subject real property: “THIS HOME WAS CONSTRUCTED OR INSTALLED UNDER BUILDING OR INSTALLATION PERMIT(S) #___, ISSUED BY _____.”
- Sales by financial institutions that acquired the property as custodian, agent or trustee, or by foreclosure or deed in lieu of foreclosure.
- The following sellers, if appointed by a court:
- Personal representatives;
- Conservators; or
- Sales or transfers by governmental agencies.