Washington State Form 17 With Sale Agreement In Alameda

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

Description

The Washington State Form 17 with Sale Agreement in Alameda is a legally binding contract that facilitates the sale of real estate property. It allows sellers to authorize a realtor, acting as an agent, to show their home to potential buyers. The form includes essential details such as the legal description of the property, names of seller(s) and buyer(s), and the professional fee arrangement for the agent, which can be a set amount or a percentage of the sales price. It is crucial for the parties involved to understand their agency relationships, which are clearly defined within the form, including options for single agency and transactional roles. For attorneys, this form serves as a foundational document in real estate transactions, while partners and owners can use it to streamline property sales. Paralegals and legal assistants benefit from having a structured format for tracking agent representations and payment obligations, ensuring compliance with state regulations. Clear instructions for filling and editing the form help users navigate the process effectively, making it manageable even for those with limited legal experience.

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FAQ

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.

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.

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

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.

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.

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).

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”

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.

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Washington State Form 17 With Sale Agreement In Alameda