Disclosure Obligations

This course is designed to give the licensee a comprehensive understanding of the many issues regarding disclosure in the practice of real estate in Oregon. The common law fiduciary duty of disclosure is explored along with the trend towards more expansive disclosure standards. Discussed in detail are the Seller's Property Disclosure Statement, the Lead-based Paint Disclosure Statement, RESPA disclosures, Ballot Measure 37 disclosures and the numerous other disclosures that are required when real property is sold or transfers.

Oregon Agency disclosure requirements and procedures are also examined in detail.

Upon completion of this course, the licensee will have a comprehensive knowledge and checklist of potential disclosures that should be made in an Oregon real estate transaction.

Course Content

The course is divided into four chapters of reading material. A review quiz follows each chapter.

At the end of the course is an optional 20-question final exam in multiple-choice question format. After completing the Oregon Real Estate Agency mandated seat time, an Oregon real estate continuing education certificate will be available for printing.