Oregon Statutes 59.720 – Application of ORS 59.710 to 59.830 to real estate contracts and brokers
Current as of: 2023 | Check for updates
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The provisions of ORS § 59.710 to 59.830 shall not apply to any contract, agreement, sale, purchase, lease, conveyance or mortgage pertaining to real estate situated in this state, nor to the business of real estate brokers or principal real estate brokers, as defined in ORS § 696.010, in so far as such business pertains to real estate located in this state. [Amended by 2001 c.300 § 53]
Terms Used In Oregon Statutes 59.720
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.