ORS 105.462 to 105.490, 696.301 and 696.870 do not apply to:

1. (1) The first sale of a dwelling never occupied, provided that the seller provides the buyer with the following statement on or before the date the buyer is legally obligated to purchase the subject real property: “THIS HOME WAS CONSTRUCTED OR INSTALLED UNDER BUILDING OR INSTALLATION PERMIT(S) #___, ISSUED BY _____.”
2. (2) Sales by financial institutions that acquired the property as custodian, agent or trustee, or by foreclosure or deed in lieu of foreclosure.

3. (3) The following sellers, if appointed by a court:

   1. (a) Receivers;
   2. (b) Personal representatives;
   3. (c) Trustees;
   4. (d) Conservators; or
   5. (e) Guardians.
4. (4) Sales or transfers by governmental agencies.

[1993 c.547 §7; 1995 c.198 §1; 2003 c.328 §5]