OK OREC Residential Sales 2009 free printable template

OKLAHOMA REAL ESTATE COMMISSION This is a legally binding Contract if not understood seek advice from an attorney OKLAHOMA UNIFORM CONTRACT OF SALE OF REAL ESTATE This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission. Surface Rights Only CONTRACT DOCUMENTS. The Contract is defined as this document with the following attachment s check as applicable Conventional Supplemental FHA Supplemental Assumption/Other Single Family...

How to fill out real oklahoma purchase form

How to fill out OREC sale real estate

1. Obtain the OREC Sale Real Estate form from the relevant authority or online portal.
2. Read and understand the instructions provided with the form.
3. Fill in the property details, including the address, type of property, and listing price.
4. Provide your personal information as the seller, including your name, contact information, and any necessary identification numbers.
5. Include the buyer's information, if available, or indicate that the property is available for sale.
6. State any applicable terms and conditions of the sale clearly.
7. Review the filled-out form for accuracy and completeness.
8. Sign the form where required, ensuring that all parties involved agree.

Who needs OREC sale real estate?

1. Real estate agents looking to list properties for sale.
2. Property owners intending to sell their real estate.
3. Investors interested in purchasing real estate.
4. Buyers looking for formal documentation of real estate available for sale.

• Who needs an ORES contract of sale?
• What is the purpose of the ORES contract of sale?
• What documents should be attached to the ORES contract of sale?
• When is the Contract of sale due?
• • What information should be provided in the Contract of sale?
  • What do I do with the contract after signing it?

Who needs an ORES contract of sale?

This contract is required if you want to sell your real estate property. It’s a legally binding document signed by the Seller and the Buyer.

What is the purpose of the ORES contract of sale?

This sale contract is used in Oklahoma when somebody decides to buy or sell real estate. The document has all the required information about the parties, terms of selling procedure, purchase price of the real estate, earnest money, property inspections, terms of the contract’s breach, etc. This contract is important in case any disputes arise.

What documents should be attached to the ORES contract of sale?

The contract may have the following attachments: Conventional supplemental; FHA supplemental; VA supplemental; Assumption; Single family Homeowner’s association supplemental; Condominium/Townhouse Association supplemental.

When is the Contract of sale due?

The contract is completed and signed before the purchase and sale transaction. The parties should agree upon all terms before signing the document. If they want to make any amendments or additional agreements, they should be attached to the contract.

What information should be provided in the Contract of sale?

There are the following sections in the contract which have to be completed:

• Parties (information about the Seller and the Buyer)

• Legal description of the property in Oklahoma

• Purchase price, earnest money and source of funds

• Closing, funding and possession

• Accessories, equipment and systems

• Additional inclusions and exclusions

• Time periods specified in the contract

• Investigations, inspections and reviews

• Treatment, repairs and replacements

• Title evidence

• Land or boundary survey

• Taxes, assessments and prorations

• Residential service agreement

• Earnest money receipt and instructions

The Seller and the Buyer are to sign the contract, print their legal names and date of signing.

What do I do with the contract after signing it?

The contract should be concluded in two copies, one for each party (or their representatives)

People Also Ask about oklahoma forms sale pdf

How to file a complaint with the Oklahoma Real Estate Commission?

Filing a Complaint If you have questions about filing a Code of Ethics complaint, please contact OAR at 405-848-9944 or email us. If the real estate licensee you are dealing with is not a REALTOR®, your options will include contacting the Oklahoma Real Estate Commission (OREC) at 405.521. 3387.

Is the Oklahoma real estate test hard?

How Hard Is the Oklahoma Real Estate Exam? The exam can be challenging, but it is not something that should intimidate students. We created an Oklahoma real estate exam prep course to help students pass their first time!

How many questions are on the Oklahoma real estate exam?

How many questions are on the Oklahoma real estate exam? The real estate exam consists of 130 questions for provisional sales associates and sales associates. The broker exam consists of 135 questions.

How do I file a complaint with the Oklahoma Commission?

Click on the link to fill out a complaint form online or call the Consumer Assistance/Claims Division 1-800-522-0071 (in state only) or 405-521-2991.

How much does the average realtor make in Oklahoma?

As of Feb 16, 2023, the average annual pay for a Realtor in Oklahoma is $98,644 a year. Just in case you need a simple salary calculator, that works out to be approximately $47.43 an hour. This is the equivalent of $1,897/week or $8,220/month.

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What is OREC sale real estate?

OREC sale real estate refers to the reporting requirements tied to real estate transactions regulated by the Oklahoma Real Estate Commission (OREC). It includes the disclosure of certain sales information.

Who is required to file OREC sale real estate?

Real estate agents, brokers, and other entities involved in the sale of real estate in Oklahoma are required to file OREC sale real estate.

How to fill out OREC sale real estate?

To fill out OREC sale real estate, you must provide specific transaction details such as buyer and seller information, property address, sale price, and any other required disclosures as stipulated by the OREC guidelines.

What is the purpose of OREC sale real estate?

The purpose of OREC sale real estate is to ensure transparency and regulation in real estate transactions, maintain accurate records, and protect consumer interests within the state of Oklahoma.

What information must be reported on OREC sale real estate?

Information that must be reported includes property details, involved parties (buyers and sellers), sale price, transaction dates, and any relevant disclosures as required by the OREC.