Washington State Form 17 Withholding In Orange

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

Description

The Washington state form 17 withholding in Orange serves as a crucial document for transactions involving real estate, particularly in the context of a one-time listing and showing agreement. This form establishes a legally binding contract between sellers and real estate agents, detailing the terms under which the property will be shown to potential buyers. Key features include the identification of the property, the seller's agreement to compensate the agent upon the sale, and the acknowledgment of the agency relationship between the parties involved. Users must fill in the property address, legal description, seller and buyer names, and the agent's information. Additionally, the agent's compensation, either as a fixed fee or a percentage of the sales price, must be explicitly noted. The form is especially beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants by providing clarity in real estate transactions and ensuring compliance with legal requirements. Legal professionals may find it useful for managing transactions and protecting the interests of their clients, while real estate agents can utilize it to formalize their representation. Clearly outlining responsibilities and financial obligations, this form fosters transparency and trust between all parties involved.

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FAQ

In most states, by law, you have to disclose any issues with the property. By not disclosing, you open yourself up to lawsuit.

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?

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 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”

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”

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Washington State Form 17 Withholding In Orange