[WSBARP] New Statewide Residential Forms Out Effective Today

Wed Mar 3 12:20:20 PST 2021

Here's two and a half hours of Annie Fitzsimmons explaining the forms to 
agents.

https://www.youtube.com/watch?v=iGcK_ArECuU&ab_channel=WashingtonREALTORS

Now CLE credits, but the price is right!

Kary L. Krismer
206 723-2148

On 3/3/2021 12:16 PM, Kailei Feeney wrote:
>
> Has anyone heard of any CLEs on the subject?
>
> KCBA had one a few years ago with last big changes implemented in 
> 2019…haven’t seen a similar offering yet this time around.
>
> Kailei
>
> Kailei B. Feeney*
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> *From:*wsbarp-bounces at lists.wsbarppt.com 
> <wsbarp-bounces at lists.wsbarppt.com> *On Behalf Of *Bryce Dille
> *Sent:* Wednesday, March 3, 2021 11:02 AM
> *To:* 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com>
> *Subject:* Re: [WSBARP] New Statewide Residential Forms Out Effective 
> Today
>
> How can we get a copy of the new forms
>
> Bryce H. Dille
>
> Dille Law, PLLC
>
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> *From:*wsbarp-bounces at lists.wsbarppt.com 
> <mailto:wsbarp-bounces at lists.wsbarppt.com> 
> <wsbarp-bounces at lists.wsbarppt.com 
> <mailto:wsbarp-bounces at lists.wsbarppt.com>> *On Behalf Of *Kaitlyn Jackson
> *Sent:* Wednesday, March 3, 2021 10:56 AM
> *To:* WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com 
> <mailto:wsbarp at lists.wsbarppt.com>>
> *Subject:* Re: [WSBARP] New Statewide Residential Forms Out Effective 
> Today
>
> Thanks, Kary!!
>
> On Wed, Mar 3, 2021 at 9:48 AM Kary Krismer <Krismer at comcast.net 
> <mailto:Krismer at comcast.net>> wrote:
>
>     Just a heads up.  There are new statewide forms out that agents
>     will be
>     using starting today.  Mainly technical changes for the most part,
>     but
>     the most interesting substantive changes are:
>
>     1.  The financing addendum (22A) has a new option for a financing
>     contingency that automatically expires after X days.  The buyer
>     needs to
>     cancel the contract before the time expires to get their EM back. 
>     The
>     remaining system is also an option, but they got rid of the
>     unnecessary
>     step of requesting loan information 10 days after mutual acceptance.
>
>     2.  The escalation addendum (35E) has provisions if the escalated
>     price
>     is miscalculated by the seller or a competing offer is not a
>     competing
>     offer.  But if no offer is sent at the competing offer the price
>     remains
>     at the non-escalated price.
>
>     Most the other changes are technical, such as replacing the the
>     confusing term "Selling Broker," but there are other minor changes
>     such
>     as making clear that the septic inspection is subject to the buyers
>     subjective standard of approval.  So the listing agreements and basic
>     purchase sale agreements (e.g. 21) are amended.
>
>     -- 
>
>     Kary L. Krismer
>     206 723-2148
>
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> -- 
>
> Thank you,
>
>
> KaitlynR. Jackson|Attorney| DIMENSIONLAWGROUPPLLC
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