What is the procedure for an exempt transferor?
If the seller is an exempt transferor, such as a partnership or Oregon resident individual, withholding is not required under this law. You are not required to use our forms for withholding on real property and they are not required to complete Form WC. You may choose to have them to sign a statement certifying that they are an exempt transferor. That is your choice and not required by Oregon law. Because Oregon law does not require a statement from an exempt transferor, we are not requesting that the transferor sign one. If you choose to have the exempt transferor sign a statement, you may keep that statement with your records. You are not required to send that statement to us.
