enters into an agreement to purchase seller’s property a disclosure statement in the statutory form. Licensees shall not list non-excluded property without the seller’s agreement to provide all buyers with the document. Licensees shall obtain seller’s acknowledgment that their duties under the property disclosure statute were explained and that they have agreed to provide buyer with either a disclosure statement. Licensees shall not advise or assist the seller in filling out the disclosure form. The Licensee, however, shall review the form and bring to the clients’ attention any discrepancies reasonably apparent to the Licensee after a non-invasive walk-through inspection of the property by the Licensee. Property Security The listing Licensee shall use reasonable care to assure that listed properties are as secure as practical under the circumstances. During the listing period, Licensees should check the property as required to ensure the proper use of lock boxes and that all real estate agents accessing the property are duly authorized, conducting themselves in a professional manner and are maintaining reasonable security. Licensee shall discuss the advantages and disadvantages of lock box use with sellers and abide by the seller’s decision regarding lockbox use. Closing and Escrow All real estate transactions conducted through Firm shall be closed in escrow unless the parties specifically agree otherwise in writing. It shall be the listing Licensee’s responsibility to assist the parties and the escrow company in successfully completing the closing. Upon acceptance of an offer to purchase, the listing Licensee shall open escrow with the escrow company designated in the earnest money agreement by transmitting to the escrow company a copy of the fully executed sale agreement. The listing Licensee shall thereafter assist the parties as required in fulfilling the escrow instructions. The listing Licensee shall keep the seller fully informed as the escrow progresses and plan to attend the closing with the seller’s approval. SPECIFIC PROCEDURES FOR REPRESENTING BUYERS Duties of Buyer’s Agent It is expected that most sellers represented by Firm and Licensee will ask that Firm and Licensee forgo the opportunity to represent buyers as limited dual agents. However, in the event Licensee does represent both parties, Licensee shall, in addition to the other duties provided for herein, have the additional duties: 1) to be loyal to the buyer by taking no action that is adverse or detrimental to the buyer’s interest in a transaction; 2) to timely disclose to the buyer any conflicts of interest; 3) to advise the buyer to seek expert advice on matters beyond the agent’s expertise; 4) not to disclose any confidential information from or about the buyer; and 5) to make a good faith and continuous effort to find a property for the buyer, subject to the limitations set forth in RCW 18.86.050.
22
122160001.2 0073499-00001
Made with FlippingBook - professional solution for displaying marketing and sales documents online