Listing Contract Details 
 
Understanding your Legal Rights and Obligations: 
 
You have the right to sell your home without the use of an agent or other third party. 

	You can price your home at any level.
	You can change your mind about selling it. You can also change the price at any time.

 
You can show your house to anyone you choose. 

	You can likewise refuse to show your house to anyone who doesn't meet your guidelines; e.g., someone who doesn't have the financial capacity to afford your home.
	Please note: you cannot however refuse to show your house based on race, color, religion, sex, national origin, or disability.
	In other words, you cannot discriminate. This also applies to those who are elderly and to those who have children.

  

You can sell your home to whomever you please.

	You can likewise refuse to sell your home to someone who for example, may disturb the peaceful setting of the neighborhood with a bunch of dogs.
	But note that you cannot discriminate based on race, color, religion, sex, national origin, or disability.
	For more information about fair housing laws: http://www.HUD.gov

  
 
 
Understanding Your Obligations: 
 
Once you enter into a sales contract, you are obligated to fulfill the terms of the contract.
 
Your home must be in working condition on settlement date. You must inform the buyer about the condition of your house.

	Personal items that belong to the Seller must be removed from the house and property prior to possession. The house should be thoroughly cleaned.
	Items that are "attached" to the home and other agreed upon items stated in the contract must be turned over upon closing.
	You will pay any related commission fees if other third-parties were involved in the sale of your home

Legal Disclosure Forms 
 
In Oregon, you will be required to complete and deliver three highly important disclosure forms:
 
1. Seller Disclosure of Property Condition:

	This form mandates the seller to state the condition of the house; and in agreement with the buyer, acknowledge that the conditions prevent the buyer from suing the seller later on for repair or replacement.
	You must state the overall condition of the house such as:

	Basement / foundation
	Plumbing / septic tanks / sewer systems / etc.
	Electrical systems
	Roof
	Heating and cooling
	Groundwater contamination
	and any dangerous substances in the home such as asbestos and radon gases

You must also state the overall condition of appliances and components that will remain in the house such as:

	Kitchen ranges/ovens/microwaves
	Dishwashers
	Refrigerators
	Alarm systems
	Pool heaters
	Sump pumps
	Fireplaces/chimneys

You will note the overall condition as being good, fair, or poor. If you don't know the overall condition of a certain item, mark it "unknown". This alerts the buyer to have the "unknown condition" inspected.

  
2. Lead-Based Paint Disclosure Form

If your home was built prior to 1978, you must furnish the buyer any information or reports related to lead-based paint in the home. The buyer can then make an inspection or assessment on how related paint can be removed. For more information about lead paint: http://www.nsc.org

3. Siding Disclosure

	In addition to natural wood siding, commercially-made siding products have been used on the exterior of homes and other structures. Commercially-made siding products (hereinafter referred to as "Siding') have been used in lap (board), panel (sheet), Stucco (including Exterior Insulated Finishing Systems "E.I.F.S.") and other applications in a variety of textures.
	Some of these products have been involved in class action lawsuits.
	The seller must disclose the type of siding they have. Whether it is natural wood or composite, stucco or ,

	Is all of the siding all-natural wood?
	Is the siding wood composite? i.e. LP, Omni board etc.
	Concrete board i.e. Hardy Lap, Hardy Board etc.
	Stucco or "E.I.F.S."
	Is the Siding covered by a warranty?
	Is the Siding involved in a class action lawsuit or court settlement?
	Are there any defects or problems with the Siding?
	Have there ever been any claims filed for this Siding by you or by previous owners?

  
FAILURE OF DISCLOSURE

If you fail to notify correctly or to falsify any of the reporting above, the buyer may return after the sale and recover damages. Be honest in all reporting. If you don't know the overall condition of the particular item, simply state "unknown". This will obligate the buyer to make a thorough inspection.