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Form or 18, Tax Payments on Real Property Conveyances 2023-2024

Oregon or Wc 2023-2024 Form

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Instructions and help about what is or wc

Sale of Real Property (a.k.a. Land Conveyances or Sale of Real Estate) Normally, the sale of personal property is a quick and simple transaction. However, real property (a.k.a. real estate or land) presents a slightly more complicated transaction. There are two steps in the sale of real property: the contract and the deed. The contract is the controlling document until the closing of the sale when the buyer makes payment in exchange for the seller’s deed which becomes the controlling document. These two steps change the way we refer to the parties involved. When the contract is the controlling document we refer to the parties as the seller and buyer because contract law is involved. When the deed becomes the controlling document, the seller becomes the grantor and the buyer becomes the grantee because property law is involved. Thus, this is why we interchangeable use seller/buyer and grantor/grantee depending on where we are in the transaction. The Contract. The contract is temporar

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OR Form OR-18-WC 2023
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