Question

Under the Oregon Real Estate License Law, which of the following documents must be provided to both the buyer and seller in a transaction?

a) A property survey if available.
b) A closing statement if the broker performed the closing.
c) An appraisal report if requested by either party.
d) All correspondence between the parties.

Answer 1

Under the Oregon Real Estate License Law, a property survey, closing statement, and all correspondence must be provided to both the buyer and seller in a transaction.

Step-by-step explanation:

Under the Oregon Real Estate License Law, a) a property survey if available, b) a closing statement if the broker performed the closing, and d) all correspondence between the parties must be provided to both the buyer and seller in a transaction.

A property survey is necessary to determine the dimensions and calculate the acreage of the land being sold. A closing statement is important for transparency and to show the financial details of the transaction. All correspondence between the parties ensures that there is a clear record of communication throughout the process.