Washington State Forms 17 For Commercial In Cook

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

Description

The Washington State Forms 17 for Commercial in Cook is a One Time Listing and Showing Agreement designed for real estate transactions. This form is a legally binding document that allows sellers to grant a real estate agent the authority to show their property to potential buyers. Key features include the seller's agreement to pay a professional fee upon the sale of the property, which can be specified as a fixed dollar amount or a percentage of the sales price. The form also outlines the nature of the agency relationship, which can range from a single agent representing the buyer or seller to a transactional or non-representing agent. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as an essential tool in facilitating property sales, ensuring compliance with legal standards, and providing clear terms for all parties involved. Filling and editing the form requires careful attention to detail, particularly in the legal description and fee structure, to prevent disputes. Additionally, users should provide clear contact information and ensure all parties sign and date the agreement to validate the contract. Overall, this form plays a crucial role in real estate transactions, streamlining the showing process while protecting the interests of sellers and agents alike.

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FAQ

How to Form a Corporation in Washington Choose a Corporate Name. Choose Directors to serve on the Board of Directors. Prepare and file the Articles of Incorporation. Apply for a Federal Employer Identification Number (EIN) Write Corporate Bylaws. Create a Shareholder Agreement. Elect S Corporation status if desired.

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.

You need a license if you meet one or more of the following criteria: Your business requires city and state endorsements. You are doing business using a name other than your full name legal name. You plan to hire employees within the next 90 days.

Commercial Registered Agent (CRA) A person or a business may be listed as a commercial registered agent by filing a Commercial Listing Statement with the agent's name, physical address located in Washington State, and an email address.

For example, California doesn't use the term “commercial registered agent.” However, all domestic and foreign corporations that provide registered agent service must file a Registered Corporate Agent for Service Of Process Certificate ($30) with the California Secretary of State. Individuals are not required to file.

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.

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 Forms 17 For Commercial In Cook