Understanding Oregon Real Estate Transaction Requirements
Oregon Transaction Success Tips
Oregon uses business days (not calendar days) for most deadlines, making precise calculation essential. The state's OREF forms are well-structured with clear contingency periods. Work with your brokerage to understand their specific processes and leverage Oregon's buyer-friendly disclosure requirements.
Oregon real estate transactions use standardized OREF (Oregon Real Estate Forms) with specific business day calculations. Understanding the difference between business days and calendar days is crucial for accurate deadline tracking.
Key considerations include the 5-day property disclosure revocation period, 10 business day default inspection period, and water permit disclosure requirements for rural properties.
Key Oregon Requirements
- •Business Days: Most deadlines use business days, not calendar days
- •Earnest Money: Due within 3 business days after acceptance
- •Disclosure Review: 5 business day revocation right
- •Inspection Period: 10 business days (default, negotiable)
- •Water Permits: ORS 537.330 disclosure requirements
Interactive Oregon Real Estate Transaction Timeline
Oregon Critical Dates: Business Day Calculations
Earnest Money
Business days from acceptance
Oregon requires earnest money within 3 business days, calculated by skipping weekends and holidays.
Disclosure Review
Business days to revoke
Buyers have 5 business days after receiving seller disclosures to revoke their offer.
Inspection Period
Business days (default)
Default inspection period is 10 business days, though this can be negotiated in the contract.
How ListedKit AI Simplifies Oregon Transactions
Ava understands Oregon's business day calculations and automatically manages your transaction deadlines with precision.
AI-Powered Features for Oregon Real Estate
AI-Powered Contract Intelligence
Ava reads OREF 001 and other Oregon Real Estate Forms in real time, extracting all key details automatically
Business Day Calculator
Oregon uses business days for many deadlines. Ava automatically calculates these correctly, skipping weekends and holidays
Property Disclosure Tracking
Track the 5-day revocation period after buyer receives seller's property disclosure statement
Inspection Period Management
Smart tracking of Oregon's 10 business day default inspection period with automatic deadline calculations
Water Permit Disclosure Tracking
Track water permit disclosures required by ORS 537.330 for properties with wells or water rights
Team Collaboration with Email
Send polished emails to all parties directly from your Gmail or Outlook with no AI branding
Calendar Integration
Add the entire Oregon transaction timeline to your calendar in one click
Document Intelligence
Ava reads, summarizes, and extracts key details from Oregon contracts, disclosures, and addenda
Frequently Asked Questions About Oregon Real Estate Transactions
Master Your Oregon Real Estate Transactions
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Legal Disclaimer: This guide is informational only and not legal advice. Real estate laws and practices vary by county within Oregon. Always consult a licensed attorney for specific legal guidance. ListedKit AI provides transaction management tools but does not provide legal advice.