Under RCW Chapter 64.06, how many business days does a buyer have to rescind a purchase and sale agreement after receiving the completed Seller Disclosure Statement (Form 17)?
Correct Answer
A) Three business days
RCW 64.06.013 grants the buyer a statutory right to rescind the purchase and sale agreement within three business days of receiving the completed Seller Disclosure Statement (Form 17). This right of rescission is a key consumer protection under Washington's Seller Disclosure Act.
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Related Topics & Key Terms
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Related Concepts
Radon disclosure involves informing buyers about the presence or potential presence of radon gas in a property. Radon is a naturally occurring radioactive gas that can accumulate in buildings and is the second leading cause of lung cancer.
Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
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