Or. Rev. Stat. § 696.294 (2026)

      696.294 Letter opinion; rules. (1) As used in this section, “letter opinion” means:

      (a) A document that expresses a real estate broker’s, principal real estate broker’s, managing principal broker’s or licensed real estate property manager’s conclusion regarding a recommended listing, selling or purchase price or a rental or lease consideration of certain real estate and that results from the licensee’s competitive market analysis; or

      (b) A document that expresses a timeshare sales agent’s conclusion regarding a recommended listing, selling or purchase price of a timeshare and that results from the licensee’s 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; 2025 c.39 §13; 2025 c.389 §17b]

      Note: 696.294 was added to and made a part of 696.010 to 696.495 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.

      696.300 [Amended by 1959 c.585 §1; 1961 c.670 §3; 1969 c.674 §17; 1971 c.743 §409; 1973 c.421 §50; 1974 c.1 §25; repealed by 1975 c.746 §22 (696.301 enacted in lieu of 696.300)]