Washington State Form 17 With Sale Agreement In King

State:
Multi-State
County:
King
Control #:
US-00056DR
Format:
Word; 
Rich Text
Instant download

Description

The Washington state form 17 with sale agreement in King is a crucial document for real estate transactions, allowing sellers to authorize a real estate agent to show their property to potential buyers. This legally binding contract outlines the terms under which the seller agrees to pay the agent a professional fee, specified either as a fixed dollar amount or a percentage of the sales price, contingent upon a successful sale. The form also incorporates agency relationship disclosures, indicating whether the agent represents the buyer, seller, or acts as a transactional agent. It is essential for both attorneys and paralegals to understand the legal implications of this agreement, as it affects party responsibilities and fees. Filling out this form requires attention to detail, especially when inserting specific names and values, while ensuring both parties acknowledge and understand the relationship with the agent involved. This form is particularly useful for real estate partners and associates who facilitate property transactions, as it sets clear expectations from the outset. Legal assistants should be familiar with this form to assist clients in its preparation and ensure compliance with Washington state regulations. Overall, this form provides a structured approach to real estate agreements, helping prevent misunderstandings between buyers and sellers.

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FAQ

The seller disclosure statement, also known as a seller disclosure form or Form-17 is a crucial document that sellers must complete when selling their home. Its purpose is to provide potential buyers with information about the condition of the property and any known issues or defects.

Almost all real estate sales in Washington State require a seller disclosure statement to be given to the buyer. Home sales, including inium units, are included in the types of sales requiring a seller disclosure statement. The statute (RCW 64.06.

Washington State requires sellers of residential real property to thoroughly disclose material facts on a form called the Residential Real Property Disclosure Statement (often referred to as Form 17).

A seller is required to provide the TDS even when selling property without an agent, such as in a “for sale by owner” transaction. The TDS also must be provided for sales of a new residential property that is not part of a subdivision, such as a new home or a new four-unit building being built on a lot.

Almost all real estate sales in Washington State require a seller disclosure statement to be given to the buyer. Home sales, including inium units, are included in the types of sales requiring a seller disclosure statement. The statute (RCW 64.06.

What You Need to Know about the Washington State Seller Property Disclosure – Form 17. Washington State requires sellers of residential real property to thoroughly disclose material facts on a form called the Residential Real Property Disclosure Statement (often referred to as Form 17).

Homeowners are required to disclose any mold issues during a sale. § 339.730. 1. This states that an agent must disclose to any potential buyer all adverse material facts actually known or that should have been known by the agent.

The state does not require disclosure of any deaths, including s or suicide. Do you have to report a death in your home while selling real estate in Washington? Washington state does not require disclosure of death on a property.

In Chapter 64.06 RCW RESIDENTIAL REAL PROPERTY TRANSFERS SELLER'S DISCLOSURES it requires the seller to disclose whether there are any substances, materials, or products that may be an environmental hazard such as, but not limited to, asbestos, formaldehyde, radon gas, lead-based paint, fuel or chemical storage tanks, ...

5) Systems and Fixtures – This section requires you to disclose items that are being included as part of the sale, such as the electrical system, plumbing system, and hot water tank. You must also disclose any defects with any of these included items, and state whether your property has smoke alarms.

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Washington State Form 17 With Sale Agreement In King