Washington State Form 17 With Sale Agreement In Tarrant

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

Description

The Washington State Form 17 with Sale Agreement in Tarrant is a legally binding contract that facilitates the sale of real estate. It explicitly allows a realtor to show the property to potential buyers while outlining the seller's obligation to pay a professional fee upon the sale's conclusion. Key features include the identification of the property, disclosure of the agency relationship between the realtor and the parties involved, and clear stipulations about the payment structure—either a flat fee or a percentage of the sales price. The form also emphasizes the need for thorough understanding and encourages users to seek legal advice if necessary. For attorneys, paralegals, and legal assistants, this tool simplifies the sales process by providing a clear framework for property transactions. Owners and partners can efficiently manage their real estate sales, while associates benefit from a structured approach to client representation. Additionally, completing and editing this form requires users to ensure all names and terms are appropriately filled in, with particular attention to the seller and realtor information.

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FAQ

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? Washington state does not require disclosure of death on a property.

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.

It is a general rule that sellers must disclose any information that could negatively impact the value of the property.

Based on the premise that a specific non-disclosure could impact the value of and the decision to buy a property, mentioning all such relevant disclosures is mandatory. For example, failure to disclose real estate pest infestation in the past in the area where the property is located.

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).

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 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” Space to provide further explanation of the issue and if it was fixed.

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Washington State Form 17 With Sale Agreement In Tarrant