WA/OR

Published on Sep 10, 2020

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PRESENTATION OUTLINE

Real Estate Law & Practice

Oregon v. Washington
Photo by Dave Hoefler

What We'll Cover

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

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Community Property

Excise Tax

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

Limited Practice Officers

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

Unauthorized Practice of Law

Photo by Thomas Kelley

Key Distinctions

OREGON  ----  WASHINGTON
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Legal Descriptions

Listing Agreements
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Record Notice

Recording of Documents
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Condominiums & HOAs

  • Statutory Frame Work
  • Lien Priority
  • Association Operations
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Landlord Tenant

  • FED v. UD
  • Timeframes
  • Procedural Differences

Vicarious Liability

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Title Companies

Photo by Alan Cleaver

Purchase & Sale Agreements

Disclosure Statements

Photo by Trey Ratcliff

Dispute Resolution

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