Final answer:
The Oregon property condition disclosure and disclaimer law applies to residential properties, requiring sellers to disclose information about the property's condition to protect buyers. So, the correct answer is option a.
Step-by-step explanation:
The Oregon property condition disclosure and disclaimer law primarily applies to residential properties. This law requires sellers of residential property to disclose certain information about the property's condition, which provides transparency and protection for buyers. While this law is focused on residential transactions, it's important for buyers and sellers to understand that different types of property, such as commercial properties, may be subject to different disclosure requirements.
Businesses and individuals who own property have the right to enter into contracts regarding their property but must adhere to government regulations, including those related to property disclosures. Regulations can include zoning laws, which have been in place since early in the 20th century to manage land use in urban areas. So, the correct answer is option a.