The Oregon Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legal document used in Oregon for the sale and purchase of residential lots or land without the involvement of a real estate broker or agent. This contract outlines the terms and conditions of the transaction, ensuring that both the buyer and seller are protected throughout the process. This contract is specifically tailored for residential lots or land, which means it may differ from contracts used for other types of real estate transactions. It is designed to cover all important aspects of the sale, including the identification and description of the property, purchase price, payment terms, financing arrangements, contingencies, and any additional terms or conditions that both parties agree upon. It serves as a legally binding agreement between the buyer and seller, providing clarity and protection to both parties involved. The contract typically consists of several sections, such as the agreement and acceptance section, property description section, purchase price and financing section, closing and possession section, and additional provisions section. Each section is important and provides specific details related to the transaction. It is important to note that there may be different versions or variations of the Oregon Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land, depending on the specific circumstances or requirements of the sale. For example, there may be separate contracts for cash sales versus financed sales, or for sales with different types of contingencies or addendums. It is crucial to use the correct version of the contract that corresponds to the specific sale being conducted. In summary, the Oregon Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a comprehensive legal document that facilitates the sale and purchase of residential lots or land in Oregon without the involvement of a real estate broker or agent. It ensures that all parties are protected and provides a clear framework for the transaction. Different variations or versions of the contract may exist to accommodate different types of sales or requirements.