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</o:shapelayout></xml><![endif]--></head><body bgcolor=white lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'>Dwight, I think you are over-thinking the problem. If the REPSA says the sale price is $100,000, that’s what I put in the REETA. No one has ever questioned it. Although I have never queried DOR’s excise tax people about it.<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></font></p><div><p class=MsoNormal><font size=4 color="#1f497d" face=Arial><span style='font-size:13.0pt;font-family:"Arial",sans-serif;color:#1F497D'>Rod Harmon</span></font><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal><b><font size=4 color="#1f497d" face=Arial><span style='font-size:13.0pt;font-family:"Arial",sans-serif;color:#1F497D;font-weight:bold'> </span></font></b><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal><b><font size=4 color="#1f497d" face=Arial><span style='font-size:13.0pt;font-family:"Arial",sans-serif;color:#1F497D;font-weight:bold'>RODNEY T. HARMON</span></font></b><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal><b><font size=2 color="#1f497d" face=Arial><span style='font-size:11.0pt;font-family:"Arial",sans-serif;color:#1F497D;font-weight:bold'> Attorney at Law</span></font></b><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Arial><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D'> P.O. Box 1066</span></font><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Arial><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D'> Bothell, WA 98041</span></font><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Arial><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D'> Tel: (425) 402-7800</span></font><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Arial><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D'> Fax: (425) 458-9096</span></font><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Arial><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D'> <a href="http://www.rodharmon.com"><font color="#0563c1"><span style='color:#0563C1'>www.rodharmon.com</span></font></a></span></font><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#1f497d" face=Arial><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D'> <a href="mailto:rodharmon@msn.com"><font color="#0563c1"><span style='color:#0563C1'>rodharmon@msn.com</span></font></a></span></font><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p></o:p></span></font></p><p class=MsoNormal style='margin-top:6.0pt'><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></font></p></div><p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'><o:p> </o:p></span></font></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><font size=2 color=black face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext;font-weight:bold'>From:</span></font></b><font size=2 color=black face=Calibri><span style='font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext'> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b><span style='font-weight:bold'>On Behalf Of </span></b>Bickel, Dwight<br><b><span style='font-weight:bold'>Sent:</span></b> Thursday, September 1, 2016 12:56 PM<br><b><span style='font-weight:bold'>To:</span></b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br><b><span style='font-weight:bold'>Subject:</span></b> Re: [WSBARP] May a PSA require buyer to pay REET?<o:p></o:p></span></font></p></div></div><p class=MsoNormal><font size=3 color=black face="Times New Roman"><span style='font-size:12.0pt'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#002060" face=Verdana><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:#002060'>The parties may agree for the buyer to pay the real estate sales tax. Your contract does that, because state excise law does not prohibit the payment of that tax by the buyer.<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#002060" face=Verdana><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:#002060'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#002060" face=Verdana><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:#002060'>It is a math challenge though, because the sales tax applies to the amount of the sales tax. You must compute the revised sales price upon which the tax is computed.<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#002060" face=Verdana><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:#002060'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#002060" face=Verdana><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:#002060'>Original Sales Price divided by<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#002060" face=Verdana><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:#002060'>(1-[Applicable Excise Tax Rate])<o:p></o:p></span></font></p><p class=MsoNormal><font size=2 color="#002060" face=Verdana><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:#002060'><o:p> </o:p></span></font></p><p class=MsoNormal><font size=2 color="#002060" face=Verdana><span style='font-size:11.0pt;font-family:"Verdana",sans-serif;color:#002060'>For example: 100,000 price becomes $101,812.26 adjusted sales tax where the rate is .0178%.<o:p></o:p></span></font></p><div class=MsoNormal align=center style='text-align:center'><font size=3 color=black face="Times New Roman"><span style='font-size:12.0pt;color:windowtext'><hr size=1 width="100%" noshade style='color:black' align=center></span></font></div><p class=MsoNormal><font size=3 color=black face="Times New Roman"><span style='font-size:12.0pt;color:windowtext'>NOTICE: The information contained in this message is proprietary and/or confidential and may be privileged. If you are not the intended recipient of this communication, you are hereby notified to: (i) delete the message and all copies; (ii) do not disclose, distribute or use the message in any manner; and (iii) notify the sender immediately. <o:p></o:p></span></font></p></div></body></html>