Oregon Real Estate Practice Test 2026 - Free Real Estate Practice Questions and Study Guide

A buyer can indeed back out of a real estate contract if they are not provided a disclosure statement. In Oregon, sellers are legally required to provide buyers with a property disclosure statement, which outlines material facts about the property, including its condition and any issues that may affect its value. If the seller fails to provide this required disclosure, it creates a basis for the buyer to rescind the contract. This is crucial for protecting the buyer’s interests and ensuring they have all the necessary information to make an informed decision about the purchase.

The other options present conditions that either do not reflect Oregon law or do not establish a legally valid reason for a buyer to back out of a contract. Unlike the premise that suggests a specific waiting period can negate a buyer's obligation, contractual rescission is generally contingent upon disclosure or mutual agreement. Thus, the requirement for a disclosure statement is a key legal provision for contract cancellation in real estate transactions in Oregon.