Washington's Seller Disclosure Act (RCW Chapter 64.06) requires sellers to disclose various categories of information on Form 17. Which of the following is NOT typically required to be disclosed on the Washington Seller Disclosure Statement?
Correct Answer
A) The seller's original purchase price and profit margin on the sale
The seller's original purchase price and profit margin are financial and personal matters that are not required disclosures under RCW 64.06. Form 17 is focused on the physical condition, environmental status, and title-related matters of the property — not the seller's financial history or investment returns. Financial terms of the transaction are addressed in the purchase and sale agreement, not the disclosure statement.
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Related Topics & Key Terms
Key Terms:
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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