Washington State Form 17 For Sale Cheap In New York

Category:

Real Estate - Listing Agreements

State:

Multi-State

Control #:

US-00056DR

Format:

Instant download

Description

The Washington State Form 17, commonly referred to as the One Time Listing and Showing Agreement, is a crucial document for facilitating real estate transactions, particularly when a seller allows a real estate agent to show their property to potential buyers. This form outlines the basic agreement between the seller and the real estate agent, detailing key information such as the property address and legal description, as well as the agent's professional fee, which can be a set dollar amount or a percentage of the sales price. For attorneys, partners, owners, associates, paralegals, and legal assistants, understanding this form is vital for ensuring compliance with real estate regulations and protecting the interests of their clients. Filling out this form requires clear identification of both parties and their roles in the transaction, and it emphasizes the disclosure of the agency relationship, ensuring transparency in agent-client relationships. Users can edit the form to specify terms of the agreement while remaining compliant with state laws. This document is particularly useful in situations involving one-time showings, simplifying the process for sellers who want to limit their commitments while still facilitating property viewings. Overall, the Washington State Form 17 serves as a reliable framework for real estate professionals navigating the complexities of property sales.

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FAQ

This disclosure will help you to make informed choices about your relationship with the real estate broker and its sales agents. Throughout the transaction you may receive more than one disclosure form. The law may require each agent assisting in the transaction to present you with this disclosure form.

This form, called the Risk Assessment Report for Broker-Dealers, consists of six pages relating to the broker's business activities and their risk profile. This SEC form requires broker-dealers to file the form as per Rules 17h-1T and Rule 17h-2T of the Securities and Exchange Act of 1934.

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.

The heart of the disclosure requirements in New York revolves around the physical condition of the property and any known defects. Sellers must disclose information regarding the structural integrity of the building, including the condition of the foundation, roof, walls and floors.

The Property Condition Disclosure Act requires the seller of residential real property to cause this disclosure statement or a copy of thereof to be delivered to a buyer or buyer's agent prior to the signing by the buyer of a binding contract of sale.

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.