Washington State Form 17 For Sale In Cook

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

Description

The Washington state form 17 for sale in Cook is a legally binding One Time Listing and Showing Agreement that facilitates the sale of property by outlining the responsibilities of the seller and real estate agent. This form includes essential details such as the legal description of the property, the names of the seller(s) and buyer(s), and specifies the agent responsible for showing the property. It also sets forth the fee structure for the agent, either as a fixed amount or a percentage of the sale price, to be paid at closing. Users must ensure they understand the agency relationships defined in the agreement, including options for single agent representation and transactional agency. This form is particularly useful for attorneys, paralegals, and legal assistants involved in real estate transactions who require clear documentation to protect their clients’ interests. It aids in streamlining the process of property sales while ensuring compliance with relevant state laws. Legal professionals should guide clients through the filling process, ensuring that all provided information is accurate and complete to avoid disputes. Clarity in this agreement helps all parties understand their rights and obligations in a sale transaction.

Form popularity

FAQ

Sellers must fill out either an unimproved or improved residential real estate disclosure form, which covers various topics about the property's condition. This comprehensive form asks about the state of the home's electrical, plumbing, heating and other systems.

You can get the form from a buyer's or seller's agent or real estate attorney. While the disclosure form will vary in format, it may contain the following: List of specific issues the homeowner must check off if the home has them. Questions about the property the seller must answer with “Yes,” “No” or “Unknown”

Sellers must complete a Transfer Disclosure Statement (TDS), in which they disclose known defects and other pertinent information about the property. Failure to disclose these material facts can lead to legal liability.

You can get the form from a buyer's or seller's agent or real estate attorney. While the disclosure form will vary in format, it may contain the following: List of specific issues the homeowner must check off if the home has them. Questions about the property the seller must answer with “Yes,” “No” or “Unknown”

While sellers have always been required to disclose material facts, the Form 17 has been required by law (RCW 64.06. 020) since January 1, 1995. It has undergone ten revisions since its inception, the last of which went into effect in 2021.

In most states, by law, you have to disclose any issues with the property. By not disclosing, you open yourself up to lawsuit.

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

If a seller intentionally provides false information in a disclosure filing, they could face legal repercussions, including lawsuits or financial penalties, depending on the situation. Buyers who find out that a seller lied on the disclosure form may be entitled to cancel the sale or pursue compensation.

90-383 requires that a written supplement be provided to the buyer if the seller is aware of any errors in the original disclosure form. A seller who "knowingly" violates the Act or discloses untruthful information is liable for actual damages, court costs, and reasonable attorney's fees.

If you discover material defects after the real estate transaction has closed, you may have an action for breach of contract. A qualified, local real estate attorney with experience in housing and construction defects can help you understand your rights and draft an appropriate demand letter.

Trusted and secure by over 3 million people of the world’s leading companies

Washington State Form 17 For Sale In Cook