If you have agreed with a customer for an advance fee (z.B to cover advertising costs), all due checks must be carried out with the company for which you receive a license. You cannot personally withhold funds that come directly from a client or client for brokerage services. Lead-Based Paint Disclosure (42 U.S. Code ` 4852d) – It is mandatory that the agreement contain a language that expresses the possibility of colour exposure to lead in the context of buildings built before 1979. Language should refer to the potential for exposure to colour and the dangerous effects it can cause. Outside of a municipality perform your due diligence: These forms also require disclosures regarding water. For residential real estate, sellers must, among other things, disclose the source of water, the presence of easy access or maintenance of the water source and the need to repair the water system. For example, the buyer leaves. Although Washington requires sellers to provide essential information before selling real estate (as explained below), the buyer must nevertheless be careful in investigating any problems related to the property. If the buyer has an idea of a possible problem, but has not studied, the seller will probably win a subsequent lawsuit. Lead-based colouring – Used to inform buyers of the presence of lead paint on the site (only for apartments built before 1978). Northwest MLS Residential Real Estate Purchase and Sale Contract (Form 21) – Adobe PDF Survey.

Unless there has been a subdivision of a larger package and you can find the corners of the monument for your object package, a ground measurement or a drone mapping flyover is recommended as a contingency of a sales contract. A soil study determines the actual boundaries of the land instead of relying on so-called marks such as hedges or fences, which are often not accurate representations. A drone flyover can be used to analyze topographical and other functions. Water. Water rights in Washington are obtained by diverting water from a natural source to useful use, and if diversion of surface water or a well requires approval from the State Department of Ecology (DOE). If a well is on your potential package, you should contact doE to get information from the drill. The priority of the operation in Washington is “the first in time, the first in law.” In Washington, water shortages have been more visible in recent times, as drought conditions have affected the state. Empty parcels that are not served by an existing bypass probably do not have water rights, so do not look for them or wait for them. While the courts in Washington may consider evidence outside the treaty to determine the importance of language in the treaty, they will not use external evidence to infer an independent meaning from the language of the contract. You should therefore ensure that the language of the contract accurately reflects your understanding of the agreement. You do not want to have to explain to the courts what you think a provision of the contract means “really.” Be sure to check the licenses of real estate agents, brokers or property managers with whom you are dealing.

License information is available at the Washington State Department of Licensing at (360) 664-6505. To verify the license of a mortgage broker or lender, you can call the State Department of Washington Financial Institutions at 1-877-RING-DFI.