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This Advisory contains important information about risks, rights, and obligations related to the purchase and sale of real property in Oregon. It serves as an educational companion for sellers throughout the real estate sale transaction, addressing various aspects such as listing agreements, sale process advisories, purchase and sale agreements, and other important advisories that protect the seller\'s interests.
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What is 102 sellers advisory?
The 102 sellers advisory is a document that provides guidance to sellers regarding their obligations and important information when entering into a sale or transfer of ownership of property.
Who is required to file 102 sellers advisory?
Sellers of real estate, particularly in certain jurisdictions, are required to file the 102 sellers advisory to ensure compliance with legal requirements and inform buyers of specific conditions and obligations.
How to fill out 102 sellers advisory?
To fill out the 102 sellers advisory, sellers must provide accurate information regarding the property, including ownership, title, and any known issues. They may need to complete sections about disclosures and attach necessary documentation.
What is the purpose of 102 sellers advisory?
The purpose of the 102 sellers advisory is to protect sellers by clarifying their responsibilities, inform buyers of potential risks, and facilitate a transparent and legally compliant transaction.
What information must be reported on 102 sellers advisory?
The information that must be reported on the 102 sellers advisory includes property details, disclosures about the condition of the property, legal obligations, and any relevant notices or restrictions that may affect the transaction.
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