Seller`s Disclosure Statement (§ 64.06.030 & § 64.06.020) – A statement that describes the condition of the property. Seller must make the declaration available to Buyer for purchase within five (5) business days of entering into a mutual agreement. You must keep transactional documents and brokerage contracts for at least 3 years. In addition to mutually accepted contracts, records must contain receipts, final declarations and physical correspondence. All recordings must be made available to the auditor upon request at your license site. Within five (5) business days of entering into the agreement, seller must provide buyer with a seller`s disclosure statement detailing the condition of the property. Upon acceptance of the disclosure, Buyer has three (3) business days to proceed with the purchase or cancel the Offer. If the buyer cancels the purchase, he must inform the seller in writing within three (3) working days. The buyer`s failure to inform the seller within the specified period constitutes the buyer`s acceptance of the contract. If you have an agreement with a customer to pay a prepayment fee (for example. B to cover advertising costs), all pre-royalty cheques must be paid to the company you are licensed to. You may not personally withhold funds directly from a client or client for brokerage services. The Real Estate Licensing Act does not prohibit agreements with customers for the direct reimbursement of fees required by a purchase and sale contract.
However, you should follow your company`s guidelines and seek advice from your designated broker before entering into this type of agreement. Also, make sure that your company`s transactional file contains documents explaining payment and reimbursement for audit purposes. The Washington Residential Purchase and Sale Agreement is used when an offer to purchase real estate is made. The agreement initiates the negotiation process by indicating the buyer`s proposal to acquire the property. The offer includes the purchase price requested and other conditions set by the buyer. The seller has a set period of time during which he can respond to the offer before it expires. During this period, the seller may modify the conditions by submitting a counter-offer to the buyer. If both parties reach an agreement on the terms of purchase, they can sign the document in order to create a legally binding obligation to transfer ownership of the property. State of washington public disclosure commission 711 capitol way rm.
206, po box 40908 olympia, washington 98504-0908 (360) 753-1 fax (360) 753-2 gebührenfrei 1-877-601-2828 e-mail: pdc: pdc.wa.gov website: .pdc.wa.gov year: from: date: subject:. . . .