Washington State Form 17 Withholding In Los Angeles

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

Description

This form grants to a realtor or broker the sole and exclusive right to list and show the property described in the agreement on one occasion. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.


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FAQ

You must collect retail sales tax from all of your nonresident customers, unless the customer or sale qualifies for another exemption. See our list of common nonresident exemptions for more information and related documentation requirements.

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.

Telephone Information Center Mon through Fri, 8 a.m. - 5 p.m. (PT) ... 360-705-6741 Business licensing. 360-705-6705 Tax assistance. 360-705-6706 Espaol (impuestos y licencias) 360-704-5900 Remote sales and consumer use tax. 360-534-1324 Forest tax. 360-534-1502 Claims and holder reporting.

Some real estate property transfers are exempt from REET under chapter 458-61A WAC. For instance, gifts of real property are generally exempt from REET (WAC 458-61A-201), as are transfers of property through wills or inheritance (WAC 458-61A-202) and transfers due to divorce settlement agreements (WAC 458-61A-203).

See WAC 458-61A-102(18) for further information. All sales of real property in Washington state are subject to REET, unless a specific exemption applies. Usually, the seller pays this tax, but if they don't, the buyer is responsible.

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.

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.

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?

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.

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Washington State Form 17 Withholding In Los Angeles