[WSBARP] REETA - Gift WAC

[Chris B]

Hey Jennifer (and everyone else)…

Again, I am the WSBA delegate to the “Recording Standards Commission.”  So, send all your gripes and horror stories to me.


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Chris Benis
First Avenue Law Group, PLLC
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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Jennifer L White
Sent: Thursday, August 4, 2022 12:45 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] REETA - Gift WAC

Seems like it would make a lot of sense to have DOR, WAC and the Supplemental Statement all state the same thing 😊
Whichever member on here is on the committee for such things (sorry I don’t recall who that is off the top of my head, no disrespect intended) please put “alignment” on your list of things to discuss with that brain trust.

Jennifer L. White, Esq.
[cid:image001.jpg at 01D8A800.FE720020]

jen at appletreelaw.com<mailto:jen at appletreelaw.com>
PO Box 11037
Yakima, WA 98909
509.225.9813

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 Nick Pleasants
Sent: Thursday, August 4, 2022 12:12 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: Re: [WSBARP] REETA - Gift WAC

Jan,
There are a bunch of “secret” WAC codes for gift exemptions. You can see them if you have a Simplifile account because you basically input the REETA. But I will say that using Simplifile greatly reduces the chance of a rejection because it forces you to pick one of the acceptable WAC codes. For gifts, the secret codes are:
458-61-A-201(a)(1) – Gift – Grantor pays debt, other consideration given
458-61-A-201(a)(2) – Gift – Grantee pays no debt
458-61-A-201(b)(1) – Gift – no debt, no consideration given
458-61-A-201(b)(2) – Gift – grantor pays debt, no other consideration given
458-61-A-201(b)(3) – Gift – Grantee always make[sic] payments, no consideration given
458-61-A-201(b)(4) – Grantor/Grantee always share payments, no other consideration given

The codes sort of match the Supplemental Statement, but are also not actually in the WAC, and therefore I consider them the secret made up codes that DOR uses. Hope that helps.

Best,
Nick
Nicholas Pleasants | Shareholder

[OseranHahnAttyatLaw 8]

11225 SE 6th Street | Suite 100 | Bellevue, WA 98004
Main: (425) 455-3900 | Fax: (425) 455-9201 | E-mail: npleasants at ohswlaw.com<mailto:npleasants at ohswlaw.com>

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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 Jan Kelly
Sent: Thursday, August 4, 2022 11:55 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com<mailto:wsbarp at lists.wsbarppt.com>>
Subject: [WSBARP] REETA - Gift WAC

Good morning,

I think there was a discussion recently on this topic, but I can't find it.  I'm trying to file a deed to convey property by gift. I used the WAC 458-61A-201, which is also what is stated on the REETA supplemental statement. It was rejected for "incomplete WAC code."

Just my opinion ... King County. I think they high-five each other when they find a way to reject a filing.

Can anyone shed some light on this question for me?

--

Jan Kelly, JD/MBA
Attorney at Law

JK Law
PO Box 1964
Poulsbo, WA 98370
Direct Line (702) 338-6733

Licensed in Nevada and Washington.

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