This form is a Seller's Disclosure Statement. This disclosure statement concerns the condition of property described in the document. The seller acknowledges that the information contained in the form is true and accurate.
Washington Seller's Real Estate Disclosure Statement
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FAQ
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).
What statement must be included in all listing agreements? broker listing agreement should include a property description, state the relevant terms of sale, describe the scope of their authority, and state the compensation for their services.
A Seller's Disclosure is a legal document that requires sellers to provide previously undisclosed details about the property's condition that prospective buyers may find unfavorable. This document is also known as a property disclosure, and it's important for both those buying a house and for those selling a house.
Form 17- Commercial: Is the disclosure statement to be used for the sale of commercial property which is essentially all property that is neither improved nor unimproved residential property.
Here are eight common real estate seller disclosures to be aware of, whether you're on the buyer's side or the seller's side.Death in the Home.Neighborhood Nuisances.Hazards.Homeowners' Association Information.Repairs.Water Damage.Missing Items.Other Possible Disclosures.
California's Especially Stringent Disclosure Requirements In addition, California sellers must fill out a separate form that discloses potential hazards from floods, earthquakes, fires, environmental hazards, and other problems. (This is called a Natural Hazard Disclosure Statement.)
What provision does the Washington listing agreement make regarding the seller's property disclosure statement? It requires the seller to complete and submit the correct property disclosure in a timely manner.
The listing agreement also specifies the listing price, broker's duties, seller's duties, broker's compensation, terms for mediation, an automatic termination date, and any additional terms and conditions.
The State Transfer Disclosure is required for all home sales in California. The transfer disclosure statement (TDS) evaluates the condition of a property. Every residential seller must complete the TDS document. It will let the buyer know about major defects at the property.
In the state of Washington, you, as a residential home seller, are required by law to disclose certain details about a residential property you are trying to sell. These disclosures are important because buyers want to know as much as possible about a property before they make such an important purchase.
