Washington's Seller Disclosure Act (RCW Chapter 64.06) applies broadly to residential real property sales, but certain transactions are exempt. Which of the following transactions is NOT exempt from the Form 17 requirement under RCW 64.06?
Correct Answer
B) A sale of a single-family home by a seller who has never occupied the property but purchased it as a rental investment
Under RCW 64.06.013, the sale of a single-family home by an investor-seller who has never occupied the property is NOT exempt from Form 17 requirements. The exemptions under RCW 64.06 do not include a general exemption for non-owner-occupied investment properties. The seller must still complete Form 17 to the best of their knowledge, even if that knowledge is limited. This is a common trap — candidates often assume non-occupying sellers are exempt, but they are not.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.
Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.
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.
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