Seller's Property Disclosure Statement (the statutory form text is codified verbatim in ORS 105.464; in practice the standard industry version is published as OREF Form 020 by the Oregon Real Estate Forms company) — Oregon Revised Statutes (ORS) 105.462 to 105.490, Chapter 105 - Property Rights. The mandatory form language itself is set out in ORS 105.464. Related sections: ORS 105.465 (scope of application and key exceptions), ORS 105.470 (exclusions/exemptions), ORS 105.475 (buyer's 5-business-day revocation right), ORS 105.480 (representations belong solely to seller; licensees/lenders not liable). Cross-referenced in ORS 696.301 and 696.870 (real estate licensee duties). A related non-physical-fact carve-out exists at ORS 93.275 (no duty to disclose deaths, crimes, or other stigmatizing facts). Last substantive amendment to this chapter: 2023 c.9 section 5 (a technical/reorganization update, not a content overhaul). No bill amending ORS 105.462-105.490 or the disclosure form was enacted in the 2024, 2025, or 2026 legislative sessions as of this research (July 2026).
Oregon is NOT a caveat emptor state for most residential resale transactions - it imposes a mandatory, statutorily-scripted seller disclosure regime. Subject to specific exemptions, every seller of covered residential property must complete and deliver the ORS 105.464 disclosure form (50+ yes/no/unknown questions) to any buyer who makes a written offer to purchase. That said, the regime is knowledge-based rather than warranty-based or inspection-based: sellers disclose only their actual knowledge at the time of the statement, the form expressly says the representations are not warranties, and ORS 105.480 confines liability for inaccuracies solely to the seller - real estate licensees and lending institutions are statutorily shielded from liability for a seller's disclosure errors or omissions. Buyers get a 5-business-day window after delivery to revoke their offer based on the disclosures, unless that right is waived. Separately, Oregon law does not require disclosure of non-physical stigmatizing facts such as deaths or crimes on the property (ORS 93.275). Notably, a 2025 legislative attempt to add new mandatory well-water testing/disclosure obligations (HB 3526) did not become law - it died in House committee before the 2025 session adjourned - so current sellers have no such added well-testing disclosure duty despite some outdated online claims to the contrary.
The most recent substantive change to the disclosure statute/form itself was in 2023 (2023 c.9 section 5, a technical reorganization, not a content overhaul); the online ORS is current through early 2026 and shows no further amendments to ORS 105.462-105.490. A notable 2025 legislative proposal, HB 3526, would have required sellers relying on exempt domestic wells to test for arsenic, nitrates, and coliform bacteria, report results to DEQ, and given buyers a new cause of action for non-disclosure - but this bill died in House committee and was never passed or signed, so it is not current law (this is flagged specifically because some secondary sources describe its provisions without noting it failed). Separately, HB 3137 and HB 2373, effective January 1, 2026, made the largest real estate licensing-law changes in seven years (new timeshare sales agent license category, formal recognition/regulation of real estate "teams"), but these are licensing reforms and do not alter the Chapter 105 seller disclosure statement or its required content.
Facts on this page reflect research current as of 2026-07-05. Programs, rates, and laws change — confirm current figures with the relevant state agency before relying on them.