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Oregon Real Estate CE is changing. Here’s what you need to know.
New continuing education requirements took effect on January 1st, 2026 for all Oregon real estate licensees. These updated requirements included changes to the Law and Rule Required Course (LARRC), the introduction of a new required Fair Housing Course, and revisions...
Shadow Pricing
Lurking behind almost every home sale price is a shadow sale price that the market will never...
Dual Agency is Not What You Think
Do you think that dual agency has a clear and consistent definition, and do you believe the myth...
Stranger to the Deed
Stranger to the Deed is a person who is not named as a grantor or grantee in a deed but is nevertheless referred to in the document. Under the traditional common law rule, a deed generally cannot create or transfer a property interest to a person who is a stranger to...
Wild Deed
Wild Deed is a deed that has been recorded but cannot be connected to the property's chain of title. This usually occurs when a deed is recorded before the grantor's own deed has been recorded, or when a prior conveyance was never recorded at all. Because the deed...
Doctrine of Worthier Title
Doctrine of Worthier Title is a common law rule that historically presumed a grantor did not intend to transfer future ownership of real property to the grantor's own heirs through a deed or will. Instead, if a conveyance attempted to create a future interest in the...
Sovereign Submerged Lands
Sovereign Submerged Lands are lands that lie beneath navigable waters and are owned by a government rather than by private individuals. These lands typically include the bottoms of oceans, bays, rivers, lakes, and other navigable waterways extending to the ordinary...
Silent Second Loan
A silent second loan is a second mortgage or subordinate loan that is not disclosed to a lender when disclosure is required. In its illegal form, a silent second loan occurs when a homebuyer obtains additional financing for a down payment or closing costs and...
Egress Window
An egress window is a window designed to provide a safe emergency exit from a room and a means of entry for emergency responders. Building codes commonly require egress windows in bedrooms and habitable basement spaces to ensure occupants can escape in the event of a...
Mello-Roos
Mello-Roos is a special tax assessment levied on property owners within designated community facilities districts (CFDs) in California. Established under the Mello-Roos Community Facilities Act of 1982, the tax was created to help local governments finance public...
Interim Occupancy
Interim occupancy is a period during which a purchaser is permitted to occupy a property before legal title is formally transferred. Most commonly associated with newly constructed condominiums, interim occupancy begins when the unit is ready for possession but the...
Bumpable Buyer
A bumpable buyer is a prospective purchaser whose offer on a property is accepted subject to the removal of certain contingencies, most commonly a home-sale contingency. Under a bump clause, the seller retains the right to continue marketing the property and accepting...
Pur Autre Vie
Pur autre vie is a legal term derived from French meaning “for the life of another.” In real property law, it describes an estate or interest in land that lasts for the lifetime of a person other than the holder of the interest. A tenant holding an estate pur autre...
HUD
HOUSING & URBAN DEVELOPMENT
HUD
(Department of Housing and Urban Development)
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