Washington State Form 17 With Sale Agreement In Mecklenburg

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

Description

The Washington state form 17 with sale agreement in Mecklenburg is a crucial document for real estate transactions involving a one-time listing and showing agreement. This legally binding contract allows the seller to authorize a designated realtor to show their property to potential buyers. Key features include specifying the legal description of the property, identifying the seller and buyer, and the terms of the professional fee payable to the realtor upon closing. It also outlines the agency relationship, ensuring all parties are informed of representation. To fill out the form, users must provide property details, the realtor's name, and the agreed-upon commission structure, either as a fixed fee or a percentage of the sale price. Specific use cases for this form are relevant to attorneys, partners, property owners, associates, paralegals, and legal assistants, who may use it to facilitate smooth real estate transactions, ensure compliance with legal requirements, and protect the interests of all parties involved. This form serves as an instrument for clarity in agency relationships, safeguarding professional obligations during property sales.

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FAQ

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 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.

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.

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.

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Washington State Form 17 With Sale Agreement In Mecklenburg