ORS 105.465
Application of ORS 105.462 to 105.490, 696.301 and 696.870
  • disclosure statement

(1)

The provisions of ORS 105.462 (Definitions for ORS 105.462 to 105.490) to 105.490 (Effect of ORS 105.462 to 105.490, 696.301 and 696.870 on rights and remedies), 696.301 (Grounds for discipline) and 696.870 (Duties of real estate licensee under ORS 105.462 to 105.490, 696.301 and 696.870):

(a)

Apply to the real property described in subparagraphs (A) to (D) of this paragraph unless the buyer indicates to the seller, which indication shall be conclusive, that the buyer will use the real property for purposes other than a residence for the buyer or the buyer’s spouse, parent or child:

(A)

Real property consisting of or improved by one to four dwelling units;

(B)

A condominium unit as defined in ORS 100.005 (Definitions) and not subject to disclosure under ORS 100.705 (Sale prohibited prior to issuance of disclosure statement);

(C)

A timeshare property as defined in ORS 94.803 (Definitions for ORS 94.803 and 94.807 to 94.945) and not subject to disclosure under ORS 94.829 (Sale not allowed before issuance of public report); and

(D)

A manufactured dwelling, as defined in ORS 446.003 (Definitions for ORS 446.003 to 446.200 and 446.225 to 446.285 and ORS chapters 195, 196, 197, 215 and 227), that is owned by the same person who owns the land upon which the manufactured dwelling is situated.

(b)

Do not apply to a leasehold in real property.

(2)

Except as provided in ORS 105.475 (Buyer’s statement of revocation of offer) (4), a seller shall complete, sign and deliver a seller’s property disclosure statement as set forth in ORS 105.464 (Form of seller’s property disclosure statement) to each buyer who makes a written offer to purchase real property in this state. [1993 c.547 §1; 1997 c.816 §15; 1999 c.307 §24; 1999 c.677 §65; 2001 c.300 §74; 2003 c.328 §1]
Source
OR Legislature
Last accessed
May. 15, 2020
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