A buyer's broker in Washington is working with clients who have just received Form 17 from the seller. The broker wants to explain the rescission right correctly. Which of the following statements accurately describes the buyer's right of rescission under RCW 64.06?
Correct Answer
B) The buyer may rescind for any reason within three business days of receiving the completed Form 17
Under RCW 64.06.013, the buyer's right of rescission after receiving Form 17 is unconditional — the buyer may rescind for any reason or no reason at all within three business days of receiving the completed disclosure. The buyer does not need to identify a specific defect or obtain anyone's approval to exercise this statutory right.
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