Under Washington's Seller Disclosure Act, what is the common name for the mandatory disclosure form that residential property sellers must provide to buyers?
Correct Answer
A) Form 17 — Seller Disclosure Statement
Under RCW Chapter 64.06, sellers of most residential real property in Washington are required to complete and deliver the Seller Disclosure Statement, commonly known as Form 17. This form discloses known material defects and conditions including structural issues, environmental hazards, and title matters.
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Related Topics & Key Terms
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Related Concepts
Environmental hazards disclosure involves informing buyers about environmental contamination or hazards affecting or potentially affecting a property, including underground storage tanks, contaminated soil, hazardous waste, and proximity to Superfund sites.
Flood zone disclosure requires informing buyers whether a property is located in a designated flood zone as mapped by FEMA. Properties in high-risk flood zones may require mandatory flood insurance.
HOA disclosure requires informing buyers about the existence, rules, fees, financial health, and restrictions of a homeowners association governing the property. This information helps buyers understand their obligations before purchase.
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