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  • Oklahoma Residential Sales Contract Information Pamphlet

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Oklahoma Residential Sales Contract Information Pamphlet Oklahoma Real Estate Commission 1915 N. Stiles Ave. The Committee consists of a total of 11 members three 3 from the Oklahoma Real Estate Commission three 3 from the Oklahoma Bar Association and five 5 members from the Oklahoma Association of REALTORS. The information in this pamphlet is dedicated to the residential sales contract and related addenda however the information in the pamphlet .

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Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.

Information on property boundaries, including boundary features. Shared areas with neighbours (both informal and formal agreements) Changes made to the property, including extensions and other alterations. This includes planning permission details and building control completion certificates.

Disclaimer / Disclosure Statement A Disclosure Statement shall include an identification of items and improvements which are included in the sale of the property and whether such items or improvements are in normal working order.

the seller shall not be liable for a defect or other condition in the property if the existence of the defect or other condition in the property was disclosed in the disclosure statement or any amend- ment delivered to the purchaser before acceptance of the offer to purchase.

So, how much earnest money (EM) is required? Ask 100 realtors, and you will probably get 100 answers, but a good rule of thumb is 1% of the purchase price. Don't expect to write an offer on a $500K home and put down $500 in EM.

Breaches of Real Estate Contracts in Oklahoma A breach of contract occurs when a party to a contract does not fulfill its obligations under its terms. The potential for breaches is as many as there are damages. Making sure you satisfy the elements of the breach is a key first step to obtaining a proper remedy.

In Oklahoma, the Residential Property Disclosure Act has been in place since 1995. This essentially means that sellers need to inform buyers of any defects in the home that they are aware of.

this act applies to, regulates and determines rights, duties, obligations and remedies at common law or otherwise of the seller, the real estate licens- ee and the purchaser with respect to disclosure of defects in property and supplants and abrogates all common law liability, rights, duties, obligations and remedies ...

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232