{"data":{"id":"us-or/ors-696.294","jurisdiction":"us-or","citation":"ORS 696.294","heading":"Letter opinion; rules.","body":"(1) As used in this section, “letter opinion” means:\n      (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\n      (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.\n      (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.","path":["17 - Occupations","52. Occupations and Professions","Chapter 696 — Real Estate and Escrow Activities"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors696.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"b271e059a33fcb72e2f4eea8336cd8aba932dfe56ddd4dc2db8672b9e017caa5","source_id":"us-or","stale":false,"prev":"us-or/ors-696.292","next":"us-or/ors-696.300"},"notice":"GroundRules: Original legal text. Not legal advice."}