Real Estate Law & Practice

What We'll Cover

• Overview of Significant Legal Differences
• Community Property, HOAs, & LL/T Distinctions
• Statutory Disclosures
• Differences in Standard Forms
• Dispute Resolution

Unique to Washington

Community Property

Excise Tax

• Tax imposed on all real estate sales
• Some exemptions
• State = 1.28%, City/County up to 1.5%

Limited Practice Officers

• Select and prepare certain legal documents
• May only use select documents
• Must be licensed LPO

Broker Liens

Unauthorized Practice of Law

Key Distinctions

Legal Descriptions

Record Notice

Condominiums & HOAs

• Statutory Frame Work
• Lien Priority
• Association Operations

Landlord Tenant

• FED v. UD
• Timeframes
• Procedural Differences

Vicarious Liability

Title Companies

Purchase & Sale Agreements

Disclosure Statements

Dispute Resolution

• Mediation
• Arbitration (Binding)
• Civil Court
• Small Claims