Relating to prohibitions on payments required under instruments that condition a transfer of an interest in real property.
Catchline/Summary:
Exempts specified instruments that condition transfer of fee simple interest in real property from prohibition on fee, commission or other payment to declarant or other person upon transfer of interest in real property. Exempts specified instruments that condition transfer of fee simple interest in real property from prohibition on fee, commission or other payment to declarant or other person upon transfer of interest in real property. Requires for exemption that proceeds of fee, commission or payment directly benefit property subject to instrument or support activities that directly benefit residents of property subject to instrument and that certain entities execute instrument.
Oregon Legislative Assembly - Public Testimony Registration Form
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HB 3488
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