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(Form 2) INITIAL AGENCY DISCLOSURE PAMPHLET (OAR 863015215(4)) This pamphlet describes agency relationships and the duties and responsibilities of real estate licensees in Oregon. This pamphlet is

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How to fill out representation of both buyer

Point by point, here's how to fill out the representation of both buyer:

01

Start by gathering all the necessary information about the buyer, including their name, contact details, and any specific requirements or preferences they have.

02

Next, accurately document the buyer's financial information, such as their budget, income sources, and credit score. This will help ensure that the buyer is qualified for the purchase.

03

Additionally, include details about the buyer's desired property, such as location, size, amenities, and any special features they are looking for.

04

Provide a clear description of the buyer's goals and objectives in the real estate transaction. This may include factors such as investment purposes, personal use, or both.

05

It's important to outline any specific terms or conditions the buyer wishes to include in the representation, such as contingencies, timelines, or negotiation strategies.

06

Finally, make sure to obtain the buyer's signature and date on the representation form to confirm their agreement and acknowledgement of the provided information.

Who needs representation of both buyer?

Buyers who are engaging in a real estate transaction and want to be represented by a real estate agent or broker need the representation of both buyer. This is particularly beneficial for individuals who are unfamiliar with the local real estate market or those who want to ensure their interests are protected throughout the buying process. Having a representative who can offer guidance, negotiate on their behalf, and provide valuable insights can significantly enhance the buyer's experience and increase the chances of a successful purchase.

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What is representation of both buyer?

Representation of both buyer is a document signed by both parties in a real estate transaction confirming that they are both represented by a real estate agent or broker.

Who is required to file representation of both buyer?

Both the buyer and the seller are required to file representation of both buyer.

How to fill out representation of both buyer?

Representation of both buyer can be filled out by providing the necessary information about the real estate transaction, including the names of the parties involved, the property address, and the real estate agents or brokers representing each party.

What is the purpose of representation of both buyer?

The purpose of representation of both buyer is to disclose the agency relationships in a real estate transaction and ensure that all parties are aware of who is representing them.

What information must be reported on representation of both buyer?

The information that must be reported on representation of both buyer includes the names of the parties involved, the property address, the real estate agents or brokers representing each party, and any other relevant details of the transaction.

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