Washington State Form 17 Withholding In Middlesex

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

Description

The Washington state form 17 withholding in Middlesex is a crucial document for real estate transactions, specifically designed to facilitate the sale of property. This form outlines a legally binding agreement between the seller and the realtor, detailing the terms of property showings and the professional fee owed to the realtor upon the sale of the property. Key features include the identification of the parties involved, the legal description of the property, and the agreed-upon fee structure—either a fixed fee or a percentage of the sales price. Filling out the form requires clear identification of the seller(s), buyer(s), and realtor information, along with signatures to validate the agreement. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form essential in ensuring that all legal obligations are met, and necessary disclosures are made regarding agency relationships. It is particularly useful in safeguarding the interests of both the seller and realtor in property transactions, emphasizing the importance of understanding the agency roles involved. Users should take care to consult legal resources if they have questions about the form or its implications in their specific real estate scenario.

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FAQ

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”

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.

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.

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.

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).

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.

What You Need to Know about the Washington State Seller Property Disclosure – Form 17. 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).

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Washington State Form 17 Withholding In Middlesex