Washington State Form 17 For Sale In Middlesex

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

Description

The Washington State Form 17 for sale in Middlesex is a One Time Listing and Showing Agreement that legally binds the seller and realtor. It allows the designated realtor to show the seller's property to potential buyers. If the buyer purchases the property, the seller agrees to compensate the realtor with a professional fee, which can be a flat dollar amount or a percentage of the sales price, payable at closing. The form also outlines the agency relationship, specifying whether the realtor represents the buyer, the seller, or serves as a transactional agent. It is crucial for attorneys, paralegals, and legal assistants to ensure that all parties understand this agreement and have received the required disclosures. The form is straightforward and uses simple language, making it accessible to users with varying levels of legal experience. Filling out the form requires both seller and realtor signatures and printed names, ensuring clarity in identity and obligations. This form is particularly useful for real estate transactions, providing a clear framework for cooperation between sellers and agents.

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FAQ

Almost every U.S. state has passed laws mandating that sellers give buyers specific information about what structural and other features the house contains, and their condition. In some cases, the brokers must speak up about hidden conditions, too.

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”

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?

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.

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.

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.

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.

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Washington State Form 17 For Sale In Middlesex