<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">
<html xmlns="http://www.w3.org/1999/xhtml"><head>
<meta http-equiv="Content-Type" content="text/html; charset=UTF-8"/>
</head><body><p>My clients keep the records without charge. Here is an article, although dated, that addresses the issue from a national perspective (i.e., not Washington). Still useful.<br></p><p><br></p><p><a href="http://realtormag.realtor.org/news-and-commentary/feature/article/2004/02/know-when-retire-your-records">http://realtormag.realtor.org/news-and-commentary/feature/article/2004/02/know-when-retire-your-records</a><br></p><blockquote type="cite"><!-- [if gte mso 9]> --><!-- <![endif] --><!-- [if gte mso 9]> --><!-- <![endif] --> On March 15, 2016 at 2:11 PM Bryce Dille <BryceD@cdb-law.com> wrote:<br><br><div class="WordSection1"><p class="MsoNormal"><span style="color: #1f497d;">By law the DOL requires they keep it 3 years at no cost. The brokers I represent have publications from IRS requiring they keep the records 7 years. It’s not clear from the post if this is a service they will provide or is it mandatory and does it apply to both buyer and seller?</span></p><p class="MsoNormal"><span style="color: #1f497d;"> </span></p><div><p class="MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial','sans-serif'; color: #1f497d;">This transmission contains confidential attorney-client communications and may not be disclosed to any person but the intended recipient(s). If this matter is transmitted to you in error, please notify the sender immediately.</span></p><p class="MsoNormal"><span style="font-size: 12.0pt; font-family: 'Times New Roman','serif'; color: #1f497d;"> </span></p><p class="MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial','sans-serif'; color: #1f497d;">Bryce H. Dille </span></p><p class="MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial','sans-serif'; color: #1f497d;">Campbell, Dille, Barnett & Smith, PLLC</span></p><p class="MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial','sans-serif'; color: #1f497d;">P.O. Box 488</span></p><p class="MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial','sans-serif'; color: #1f497d;">Puyallup, WA 98371</span></p><p class="MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial','sans-serif'; color: #1f497d;">Voice: 253.848.3513</span></p><p class="MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial','sans-serif'; color: #1f497d;">Fax: 253.845.4941</span></p><p class="MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial','sans-serif'; color: #1f497d;"><a href="mailto:bryced@cdb-law.com"><span style="color: blue;">bryced@cdb-law.com</span></a></span><br></p><p class="MsoNormal"><span style="font-size: 10.0pt; font-family: 'Arial','sans-serif'; color: #1f497d;"> </span></p><p class="MsoNormal"><span style="color: #1f497d;">Business Entity Creation and Management</span></p><p class="MsoNormal"><span style="color: #1f497d;">Business, Government and Tax Law</span></p><p class="MsoNormal"><span style="color: #1f497d;">Real Estate and Land Use, Residential, Commercial and Condominium Development</span></p><p class="MsoNormal"><span style="color: #1f497d;">Real Estate and Commercial Transactions & Closings, Including Performing Services as IRS Section 1031 Exchange Facilitator</span></p><p class="MsoNormal"><span style="color: #1f497d;">Estate Planning, including Wills and Trusts, and Probate Administration</span></p><p class="MsoNormal"><span style="color: #1f497d;">Representation Homeowners/Condominium Association Real Estate Developments</span></p><p class="MsoNormal"><span style="color: #1f497d;">Real Property Foreclosures and Forfeitures</span></p></div><p class="MsoNormal"><span style="color: #1f497d;"> </span></p><div><div style="border: none; border-top: solid #B5C4DF 1.0pt; padding: 3.0pt 0in 0in 0in;"><p class="MsoNormal"><strong><span style="font-size: 10.0pt; font-family: 'Tahoma','sans-serif';">From:</span></strong><span style="font-size: 10.0pt; font-family: 'Tahoma','sans-serif';"> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <strong>On Behalf Of </strong>David Williams<br> <strong>Sent:</strong> Tuesday, March 15, 2016 12:57 PM<br> <strong>To:</strong> 'WSBA Real Property Listserv'<br> <strong>Subject:</strong> Re: [WSBARP] This is a new one</span></p></div></div><p class="MsoNormal"> </p><p class="MsoNormal"><span style="color: #1f497d;">My first thought is if that term in not in the listing agreement, it likely violates MLS rules.</span></p><p class="MsoNormal"><span style="color: #1f497d;"> </span></p><p class="MsoNormal"><span style="color: #1f497d;"> </span></p><div><div style="border: none; border-top: solid #B5C4DF 1.0pt; padding: 3.0pt 0in 0in 0in;"><p class="MsoNormal"><strong><span style="font-size: 10.0pt; font-family: 'Tahoma','sans-serif';">From:</span></strong><span style="font-size: 10.0pt; font-family: 'Tahoma','sans-serif';"> <a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> [<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>] <strong>On Behalf Of </strong>Richard Holland<br> <strong>Sent:</strong> Tuesday, March 15, 2016 12:38 PM<br> <strong>To:</strong> WSBA Real Property Listserv<br> <strong>Subject:</strong> [WSBARP] This is a new one</span></p></div></div><p class="MsoNormal"> </p><p class="MsoNormal">So I ran across this provision in a RESPA today in a rather ‘hidden’ spot somewhat buried amount the standard “Law of Agency/TRID” disclosures.</p><p class="MsoNormal"> </p><p class="MsoNormal" style="margin-bottom: 12.0pt;"><em><span style="color: black;">XYZ Real Estate agrees to prepare, process and electronically store the purchase and sale agreement and other forms that are part of the transaction for a minimum of five (5) years from the transaction date, and the document preparation and storage fee for this service shall not exceed $250.00, which shall be collected at escrow </span></em></p><p class="MsoNormal">I have never seen this done before as it is “in addition” to the commission. $250 <em>per side</em> to “electronically store” the documents for 5 years? Really?</p><p class="MsoNormal"> </p><p class="MsoNormal"> </p></div></blockquote><p><br> </p><blockquote type="cite">_______________________________________________<br>WSBARP mailing list<br>WSBARP@lists.wsbarppt.com<br>http://mailman.fsr.com/mailman/listinfo/wsbarp</blockquote><p><br> </p><p class="io-ox-signature">Scott G. Thomas<br>Law Office of Scott G. Thomas<br>1204 Cleveland Avenue<br>Mount Vernon, WA 98273<br>(360) 503-1042<br>www.scottgthomaslaw.com<br><br>Because this is a communication from a lawyer, it necessarily contains warnings such as this. I am a lawyer, but unless we have entered into an agreement for legal services, I am not your lawyer. And, if this message was intended for someone else but you have inadvertently received it, I ask that you delete the message and let me know you received it so that I can take steps to make sure you do not receive messages in the future. Thank you.</p></body></html>