<html>
<head>
<meta http-equiv="content-type" content="text/html; charset=utf-8">
</head>
<body bgcolor="#FFFFFF" text="#000000">
<font face="Times New Roman, Times, serif">I'm reviewing a PSA for a
client offering to purchase from a lender a foreclosed home. The
seller's PSA form states that the buyer will pay all excise taxes
on the transfer "unless explicitly imposed upon the Seller by
applicable state law and such law does not permit assignment or
payment by buyer."<br>
<br>
RCW 82.45.080 explicitly imposes the real estate excise tax on the
seller, but I'm not finding any provision the prohibits
"assignment or payment by buyer" so it appears to me that this PSA
provision will require the buyer to pay the REET.<br>
<br>
Am I missing something?<br>
<br>
Doug Schafer, in Tacoma. <br>
</font>
</body>
</html>