Washington Contract & Transaction Specifics

Washington residential sales typically use the Form 17 Seller Disclosure Statement, giving the buyer a right to rescind within 3 business days of receipt unless that right is waived. Because Washington is a community property state, property acquired by spouses during marriage is generally owned jointly, which affects who must sign to convey or encumber title. Client and earnest-money funds must be deposited promptly into a designated trust account and never commingled with the broker's own funds. Brokers must disclose known material facts affecting the transaction to the parties.