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<DIV><FONT size=4>We have buyer’s paying all or sometimes 1/2 of REET
frequently. THe state law permits this.</FONT></DIV>
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<DIV style="font-color: black"><B>From:</B> <A title=schafer@pobox.com
href="mailto:schafer@pobox.com">Doug Schafer</A> </DIV>
<DIV><B>Sent:</B> Thursday, September 01, 2016 11:14 AM</DIV>
<DIV><B>To:</B> <A title=solo-and-small-practice-section@list.wsba.org
href="mailto:solo-and-small-practice-section@list.wsba.org">Solo & Small
Firm WSBA Listserv</A> ; <A title=wsbarp@lists.wsbarppt.com
href="mailto:wsbarp@lists.wsbarppt.com">WSBA RPPT Real Prop. Discussion
Forum</A> </DIV>
<DIV><B>Subject:</B> [WSBARP] May a PSA require buyer to pay
REET?</DIV></DIV></DIV>
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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>
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