| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | ORS 696.010 licensing; own-account activity is exempt (ORS 696.030). |
| Marketing rule the gate enforces | registration_required |
| What that means in practice | Market the contract. |
| What triggers a licence requirement | VERIFIED BY F5259. Oregon HB 4058 (2024 Regular Session, Chapter 3) creates a mandatory residential property wholesaler REGISTRATION, prohibits residential property wholesaling without it, and carries criminal and civil penalties (up to 364 days' imprisonment, fines up to $6,250, or both). The F5118 'UNVERIFIED RESTRICTION CLAIM' wording is withdrawn -- the restriction is real. |
| Written seller disclosure required? | yes |
| Basis for the disclosure | ORS 646.605 et seq. UTPA + contract term. |
| Statutory wording required? | no |
| F5259 bucket | EXCLUDE |
| Condition the gate enforces | EXCLUDED until an Oregon Real Estate Agency residential property wholesaler REGISTRATION is held (HB 4058, 2024 ch.3). Criminal penalties apply to unregistered wholesaling. |
| Verification status | OFFICIAL_BILL_RECORD |
| Attorney review required before first use? | yes |
| Lead class | Verdict |
|---|---|
| land | NO |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | NO |
| tax delinquent | NO |
the whole grid · probate in OR · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
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