Welcome to our website.  We are part of the Prudential Seaboard Properties family located here in Coos Bay Oregon.  We are excited to announce that we have opened the Empire District Branch office here at 1544 Newmark Avenue - Coos Bay.  Our beautiful area is home to many attractions.  The world renown Bandon Dunes Golf Resort is just a 1/2 an hour south, the beautiful gardens at Shore Acres, Golden & Silver Falls, National Dunes Park, along with active theater groups, nature trails and fabulous beaches.

When thinking about relocating here let us know, We are available for all of your real estate needs.  We cover Oregon's Bay Area - Coos Bay/North Bend, Bandon, Langlois,  Coquille, Myrtle Point, Reedsport, Winchester Bay, and Florence.  Our area boosts exquisite ocean front property, quiet river frontage, recreational areas such as "The Dunes", Lakeside and Ten Mile Lake properties.  

Real Estate is one of the most exciting investments one can make and it should be a fun and rewarding experience.  Here you will find everything you'll need to buy or sell a home, as well as learn about the market value of homes you may own in the area,  It is our goal to provide you with superior service at all times, so please tell us about you!  

OREGON REAL ESTATE AGENCY

DISCLOSURE PAMPHLET

OAR 863-015-215 (4)

This pamphlet describes agency relationships and the duties and responsibilities of real estate licensees in Oregon.  This pamphlet is informational only and neither the pamphlet nor it delivery to you may be const5rued to be evidence of intent to create an agency relationship.

Real Estate Agency Relationships

An "agency" relationship is a voluntary legal relationship in which a real estate licensee (the "agent") agrees to act on behalf of a buyer or a seller (the "client") in a real estate transaction.

Oregon law provides for three types of agency relationships between real estate agents and their clients:

     Seller's Agent - Represents the seller only;

     Buyer's Agent -Represents the buyer only;

     Disclosed Limited Agent - Represents both the buyer and seller, or multiple buyers who want to purchase the same property.  This can be done only with the written permission of both clients.

The actual agency relationships between the seller, buyer and their agents in a real estate transaction must be acknowledged at the time an offer to purchase is made.  Please read this pamphlet carefully before entering into an agency relationship with a real estate agent.

Duties and Responsibilities of an Agent

Who Represents Only the Seller or Only the Buyer

Under a written listing agreement to sell property, an agent represents only the seller unless the sell agrees in writing to allow the agent to also represent the buyer.  An agent who agrees to represent a buyer acts only as the buyer's agent unless the buyer agrees in writing to allow the agent to also represent the seller.  An agent who represents only the seller or only the buyer owes the following affirmative duties to their client, as well as other parties and their agents involved in a real estate transaction:

1.  To deal honestly and in good faith;

2.  To present all written offers, notices and other communications in a timely manner whether ir no the seller's property is subject toa  contract for sale or the buyer is already a party to a contract to purchase.

3.  To disclose material facts known by the agent and not apparent or readily ascertainable to a party;

In addition to Nos. 1,2, and 3 above, an agent who represents only the seller or only the buyer owes the following affirmative duties only to their client:

4.  Exercise reasonable care and diligence;

5.  To account in a timely manner for money and property received from or on behalf of the client;

6.  To be loyal by not taking action that is adverse or detrimental to the client's interest in a transaction;

7.  To disclose in a timely manner any conflict of interest, existing or contemplated;

8.  To advise the client to seek expert advice on matters related to the transaction that are beyond the agent's    expertise;

9.  To maintain confidential information from or about the client except under subpoena or court order, even after the termination of the agency relationship; and

10.  When representing a seller, to make a continuous, good faith effort to find a buyer for the property, except that a seller's agent in not required to seek additional offers to purchase the property while the property is subject to a contract for sale.  When representing a buyer, to make a continuous, good faith effort to find property for the buyer, except that buyer's agent is not required to seek additional properties for the buyer while th buyer is subject to a contract for purchase or to show properties for which there is no written agreement to pay compensation to the buyers agent.

None of the above affirmative duties of an agent may be waived, except #10, which can only be waived by written agreement between the client and agent.

Under Oregon law, a seller's agent may show properties owned by another seller to a prospective buyer and may list competing properties for sale without breaching any affirmative duty to the seller. Similarly, a buyer's agent may show properties in which the buyer is interested to other prospective buyers without breaching any affirmative duty to the buyer.

Unless agreed to in writing, an agent has no duty to investigate matters that are outside the scope of the agent's expertise.

For further details, Buyer is encourage to review the Oregon Property Buyer Advisory at http://www.rea.state.or.us/ or at http://www.oregonrealtors.org.

Duties and Responsibilities of an Agent

Who Represents More than One Client in a Transaction

One agent may represent both the seller and the buyer in the same transaction, or multiple buyers who want to purchase the same property only under a written" Disclosed Limited Agency" agreement, signed by the seller, buyer(s) and their agent.

When different agents associated with the same real estate firm establish agency relationships with different parties to the same transaction, only the principal broker (the broker who supervises the other agents) will act as a Disclosed Limited Agent for both the buyer and seller.  The other agent continue to represent only the party with whom the agent already has an established agency relationship unless all parties agree otherwise in writing.  The supervising principal broker and the agents representing either the seller or the buyer have the following duties to the buyer and seller;

   1.  To disclose a conflict of interest in writing to all parties;

   2.  To take no action that is adverse or detrimental to either party's interest in the transaction; and

   3. To obey the lawful instruction of both parties.

An agent acting under the Disclosed Limited Agency agreement has the same duties to the client as when representing only a seller or only a buyer, except that the agent may not, without written permission, disclose any of the following:

   1.  That the seller will accept a lower price or less favorable terms than the listing price or term;

   2.  That the buyer will pay a greater price or more favorable terms that the offering price or terms; or

   3.  In transaction involving one-to-four residential units only, information regarding the real property transaction including, but not limited to, price, terms, financial qualifications or motivation to buy or sell.

No matter who they represent, an agent must disclose information the agent know or should know that failure to disclose would constitute fraudulent misrepresentation.  Unless agreed to in writing, an agent acting under a Disclosed Limited Agency agreement has no duty to investigate matters that are outside the scope of the agent's expertise.

You are encouraged to discuss the above information with the agent delivering this pamplet to you.  If you intend for that agent, or any other Oregon real estate agent , or any other Oregon real estate agent, to represent you as a Seller's agent, Buyer's Agent, or Disclosed Limited Agent, you should have a specific discussion with him/her about the nature and scope of the agency relationship.  Whether you are a buyer or seller, you cannot make a licensee your agent without their knowledge and consent, and an agent cannot make you their client without your knowledge and consent.

Provided by Oregon Real Estate Forms, LLC 07/02

OREF 042  02/05