2011 ORS § 696.294¹
- • rules
(1) As used in this section, letter opinion means a document that expresses a real estate licensees conclusion regarding a recommended listing, selling or purchase price or a rental or lease consideration of certain real estate and that results from the licensees competitive market analysis.
(2) The Real Estate Commissioner by rule shall specify the minimum contents of a letter opinion, including but not limited to the distinction between a letter opinion and a real estate appraisal. [2007 c.319 §3]
Note: 696.294 (Opinion letter) was added to and made a part of 696.010 (Definitions) to 696.495 (Revolving fund) by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.