Washington REALTORS®

Mistaken Identity: Forms is back with part 7 (the series finale episode!)... Annie Fitzsimmons, WR's Legal Hotline Lawyer, returns to further discuss forms 35R (Inspection Response) and 51 (Rescission Agreement) as they relate to a buyer or seller's "unilateral right" to terminate the transaction based on their specific contingencies. Having a "unilateral right" to terminate the agreement would mean that only the signature of the terminating party would be needed to effectively end this agreement. Watch now for Annie's breakdown of why it's important to utilize a proper "notice" form. Be sure to like, subscribe, and share!

Annie Fitzsimmons, WR's Legal Hotline Lawyer, is back for episode 6 of "Mistaken Identity: Forms" to talk about the mistaken use of Form 22Q (Sale Pending) when working with a home sale contingent buyer (a 22B buyer) ...after they've sold their home! Listen in as Annie breaks down this mistaken use of NWMLS forms.

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Our Legal Hotline Series, Mistaken Identity: Forms is back with episode 5. In this video Annie Fitzsimmons (Washington REALTORS® Legal Hotline Lawyer) talks about why the Form 38A (the backup addendum) is NOT the same thing as a Form 39 (the second buyer’s addendum). This mistaken identity runs into issues when the seller has sold their home to a ‘Form 22B buyer’ — a home sale contingent buyer — and the seller is still looking for another buyer (a ‘bumping buyer’) in case this initial buyer isn’t able to satisfy or waive their home sale contingency. Listen now for Annie’s explanation of which form is right for the job. Be sure to subscribe and share!

In part 4 of our Mistaken Identity: Forms Series, Annie Fitzsimmons (WR’s Legal Hotline Lawyer) discusses not a mistaken identity per se, but rather, a mistaken use of a provision called the ‘Information Verification Period’ (section W.) within Form 21 (Purchase and Sale Agreement)…

this provision allows a Buyer to terminate the Purchase and Sale Agreement within 10 days if Buyer discovers a material inaccuracy in any of the Seller’s representations made by Seller… some Buyer Brokers mistakenly believe this allows them access to the Seller’s home to test those representations via inspection, but it, in fact, does not in any way allow for that — with or without a home inspector, but without an Inspection Contingency (Form 34) Buyer won't have any basis to terminate -- watch as Annie explains -- be sure to subscribe and share!

Listing Broker wants to write a counteroffer to the buyer’s offer... what form do you use to get the job done? In the 3rd episode of Mistaken Identity: Forms, Annie Fitzsimmons (WR's Legal Hotline Lawyer) discusses whether a Form 36 (Counteroffer Addendum) or a Form 34 (Addendum to the Purchase and Sale Agreement) is the right form to use and what the outcome could be for using the wrong form. Watch now and be sure to subscribe and share.

In part 2 of Mistaken Identity: Forms, Annie Fitzsimmons, WR’s Legal Hotline Lawyer, talks about which form to use when the Buyer has finished their inspection and has decided to terminate the Purchase and Sale Agreement with the Seller. Form 35R is the Inspection Contingency Response form and Form 51 is a Rescission Agreement — do you know which one is the right one? Watch now to hear Annie’s answer.

Are you using the right form? Does it really matter if I use this form or another to get it done?

It can become a serious matter for Buyer Brokers and Listing Brokers alike if the wrong form is used, especially when you are held to the standard of care of a lawyer in your transaction dealings. Annie Fitzsimmons, WR’s Legal Hotline Lawyer, begins a new Hotline series called "Mistaken Identity: Forms" The first video addresses the difference between Form 35R and Form 34, and why they cannot be used interchangeably. Subscribe and share!

Should buyers allow seller to stay in the property after closing?

Annie Fitzsimmons, WR’s Legal Hotline Lawyer, is again joined by Camden Schutte, Designated Broker for Coldwell Banker 360 Team & 360 Property Management, to continue the series on professionalism… in today's episode they dive into Honesty & Good faith (especially in advertising and transactions).

Annie Fitzsimmons, WR’s Legal Hotline Lawyer, is again joined by Camden Schutte, Designated Broker for Coldwell Banker 360 Team & 360 Property Management, to continue the series on professionalism… in today's episode they dive into Honesty & Good faith (especially in advertising and transactions). Tune in now!