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OREF Townhome, Planned Community, and Homeowners Association Addendum

A FREE online course that explains OREF Form 024

NO CHARGE

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Includes Video
Printable Certificate
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At A Glance:

Price: NO CHARGE
Purpose: A FREE online course that explains OREF Form 024
Features: online video, printable certificate
Hours: 1 Hour
Category: Real Estate > Continuing Education > Oregon > Real Estate Contracts
Sponsor /
Delivery:
OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Course ID: 1038-1114

View Course Syllabus

The Townhome / Planned Community / Homeowners Association Addendum, OREF Form 024, is used when a property is located within a community subject to a homeowners association. HOAs can have limitations on property use that buyers must be aware of before proceeding with the sale transaction. This addendum to the OREF Residential Purchase and Sale Agreement requests that the seller give to the buyer the proper documents that cover the HOA rules. These documents can include CC&Rs, HOA articles and bylaws, meeting minutes, rules and regulations, HOA reserve funds, and so on.

This 1-hour video course explains the homeowners association addendum as well as issues that might arise when utilizing the addendum in your purchase offer paperwork. The course is presented by Jeffry Wiren of Premier Property Group, LLC, and Steve Russell of Windermere Stellar (and current chairperson of the OREF Forms Committee), with section introductions by Jeff Sorg of OnlineEd. This is course if offered free of charge to all Oregon brokers as a public service made possible by arrangement between Oregon Real Estate Forms LLC and OnlineEd®, Inc.

At the conclusion of this course, you will be able to:

  • Identify transactions requiring use of the this addendum,
  • Explain and understand the issues raised in the form, and
  • Recognize the issues surrounding contingency removal if the Addendum is used.

Course Completion

This 1-hour course is made of a series of video segments. Each video must be watched from beginning to end to unlock the next video. There is no final exam at the end of the course. An Oregon real estate continuing education certificate of completion will be downloadable after all of the videos have been watched and the required time is spent in the course. All Oregon continuing education courses must be time-monitored.

Instructors

Although this course is largely self-guided, you may contact your instructor if you have questions or concerns about the course content.

Our Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.