Washington State Form 17 Withholding

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

Description

The Washington State Form 17 withholding is a vital document used during real estate transactions, particularly when property sales are involved. This form enables sellers to inform buyers about the potential withholding of funds from the property sale to cover tax obligations. Key features of this form include the seller's agreement to provide a specified fee or percentage of the sale price to the brokerage upon sale completion. Users must fill in essential information such as property address, legal description, and names of the seller and buyer. The form can be printed and signed, making it straightforward to complete. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful in ensuring compliance with Washington tax regulations. It's essential for these legal professionals to guide both sellers and buyers through the form's requirements to facilitate smooth transactions. Additionally, understanding the agency relationships outlined in the form is crucial for maintaining transparency and trust between parties involved. This document serves as a foundation for establishing legal obligations and expectations in real estate dealings.

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FAQ

Washington law says that when you sell your home, you must fill out a Seller Disclosure Statement (also known as Form 17). You must tell the buyer any problems with the property that you know about. Download a Seller Disclosure Statement.

Navigate to File > Send > Email if you need to send the form as part of a TransactionDesk email. Navigate to File > Send > Fax if you need to send the form as part of a TransactionDesk fax. Navigate to File > Send > Documents if you need to save the form to a Documents folder.

In most real-estate transactions in Washington, the seller of the property must complete a ?Form 17? disclosure statement and give it to the buyer. Form 17 has a couple dozen questions on topics ranging from title matters to environmental issues.

Washington's Residential Seller Disclosure Requirement Almost all real estate sales in Washington State require a seller disclosure statement to be given to the buyer. Home sales, including condominium units, are included in the types of sales requiring a seller disclosure statement. The statute (RCW 64.06.

What information should be included in the Washington State Seller's Disclosure Statement? The Washington State Seller's Disclosure Statement should include a detailed description of the property, including its age, condition, and any known defects or hazards.

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Washington State Form 17 Withholding