Oregon Real Estate Practice Test 2025 – Complete Exam Prep

In Oregon, the legal form required for seller disclosures is the Property Disclosure Form. This document is essential because it ensures that the seller provides potential buyers with vital information about the property's condition, including any known defects or issues. The requirement for this disclosure is rooted in state law, aimed at promoting transparency in real estate transactions.

The Property Disclosure Form must be completed honestly by the seller and covers a range of topics, such as plumbing, electrical systems, foundation integrity, and other critical aspects that could influence a buyer's decision. By using this form, sellers protect themselves legally, while buyers gain crucial insights about the property they are considering.

In the context of real estate transactions in Oregon, providing this form is a legal obligation and is part of the due diligence process. The use of this specific form fosters trust between parties and supports informed decision-making during the real estate buying process.