Oregon Buyers Advisory in "Risk Hotline"

In my book "Risk Hotline for Real Estate...Learn from actual agent experiences before they happen to you," one of the most important topics I cover is the buyers advisory. Why? Because it is a very important way to reduce risk when buying or selling a home, and for licensees, in reducing business risk.

This document is a detailed source of information about purchasing real property. Jenny Pakula, deputy CEO/staff attorney for the Oregon Association of Realtors says, "Everything a buyer could want to know, would want to know, needs to know about a real estate transaction is in this advisory."

This important document covers over 21 topics, including agent responsibilities to the buyer. If it is this important to the buyer, it is of equal importance to the seller, simply so the seller will know what the buyer will be looking for.

The advisory covers such topics as mold, dry rot, underground oil storage tanks, wells, remodeling, neighborhood crime, and much more. In short, says Pakula, it provides "a myriad of documents that could surface in a real estate transaction."

The Oregon Buyers Advisory can be found online at www.oregonrealtors.org. Be sure to click on the "legal" icon itself, not the sub-icons that will pop up. OAR updates the advisory periodically to keep it current.

(The Oregon Buyer Advisory can be found on pp. 149-160 in my book.) You can look up this topic and many others in my book online at Amazon.com.