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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">Kary,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">I do not agree with her take on the meaning of striking out the “Info Verification Period” caluse. Her premise is that the 10 day info verification contingency
period insulates the seller from buyer misrepresentation claims based on a material inaccuracy. Sure, it might give the seller a basis to assert a defense that the buyer waived any such misrepresentation claim but this clause does not contain any waiver language
whatsoever and doesn’t even mention the word misrepresentation. That does not seem like enough to constitute a voluntary waiver of a known right.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">Moreover, what’s so magical about 10 days? If a buyer has the Info Verification clause in place but does not discover a material inaccuracy until after
the 10 day period has run are they just screwed? They don’t have a contractual right to terminate and per Annie’s analysis, they have given up their right to later bring a seller misrepresentation claim? Does that seem right?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">If a buyer strikes out the clause in its entirety, isn’t that effectively the buyer saying I understand I could have had an extra 10 days for due diligence
but I have done enough for my own satisfaction so I hereby reduce this time period to zero days. Why shouldn’t buyers be allowed to make that decision?<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">Marc Holmes<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">Holmes Law Group PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">2303 W. Commodore Way, # 306<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">Seattle WA 98199<o:p></o:p></span></p>
<p class="MsoNormal"><a href="http://holmeslawgroup.com/"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:blue">HolmesLawGroup.com</span></a><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><a href="mailto:marc@holmeslawgroup.com"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:blue">marc@holmeslawgroup.com</span></a><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">Ofc: 206-357-4224<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext">Cell: 206-849-0853<o:p></o:p></span></p>
</div>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:windowtext"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="color:windowtext">From:</span></b><span style="color:windowtext"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Kary Krismer<br>
<b>Sent:</b> Tuesday, April 3, 2018 1:10 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> Re: [WSBARP] Form 17 residential<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p>Marc raises a great point about agents striking the paragraph W information verification period language, erroneously thinking that it helps the seller. I recently had a multiple offer situation where 40% of the offers struck that language.<o:p></o:p></p>
<p>Here's a slightly stressed out/annoyed Annie bothered by the fact that agents don't seem to be listening to her! Paragraph w is covered at about the 2:25 mark--and stay for the surprise at the very end!<o:p></o:p></p>
<p><a href="https://www.youtube.com/watch?v=esd0eLwkBRo">https://www.youtube.com/watch?v=esd0eLwkBRo</a><o:p></o:p></p>
<pre>Kary L. Krismer<o:p></o:p></pre>
<pre>John L. Scott/KMS Renton <o:p></o:p></pre>
<pre>206 723-2148<o:p></o:p></pre>
<div>
<p class="MsoNormal">On 4/3/2018 12:57 PM, marc holmeslawgroup.com wrote:<o:p></o:p></p>
</div>
<blockquote style="margin-top:5.0pt;margin-bottom:5.0pt">
<p class="MsoNormal"><span style="font-size:12.0pt">If they used an MLS form purchase and sale agreement, look for the Information Verification clause on the last page of that form. It creates a 10 day contingency period “to verify all information provided
by the Seller or Listing Firm related to the Property.” More and more buyers are voluntarily striking this clause but if your client did not and you’re still within that time period, then that would seem like a good basis to terminate.
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">It’s not clear who discovered the septic bedroom issue but if it was your client rather than the seller, then you may be out of luck if the Form 17 rescission window has run out and your client either affirmatively
waived the info verification contingency or let it lapse </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Per RCW 64.06.0<u>40</u>(1), a seller has a duty to amend their Form 17 when they learn of a material inaccuracy in the form except when it was brought to their attention by the buyer or someone acting on
the buyer’s behalf. </span><o:p></o:p></p>
<div>
<p class="MsoNormal"><span style="font-size:12.0pt"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt"> </span><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:3.75pt;margin-right:0in;margin-bottom:3.75pt;margin-left:0in">
<b><span style="font-size:12.0pt;font-family:""",serif">RCW 64.06.040</span></b><o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:3.75pt;margin-right:0in;margin-bottom:3.75pt;margin-left:0in">
<b><span style="font-size:12.0pt;font-family:""",serif">After delivery of disclosure statement—Additional information—Seller's duty—Buyer's options—Closing the transaction.</span></b><o:p></o:p></p>
<p class="MsoNormal" style="text-indent:.25in"><span style="font-size:12.0pt;font-family:""",serif">(1) If, after the date that a seller of real property completes a real property transfer disclosure statement, the seller learns from a source other than
the buyer or others acting on the buyer's behalf such as an inspector of additional information or an adverse change which makes any of the disclosures made inaccurate, the seller shall amend the real property transfer disclosure statement, and deliver the
amendment to the buyer.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Marc Holmes</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Holmes Law Group PLLC</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">2303 W. Commodore Way, # 306</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Seattle WA 98199</span><o:p></o:p></p>
<p class="MsoNormal"><a href="http://holmeslawgroup.com/"><span style="font-size:12.0pt;color:blue">HolmesLawGroup.com</span></a><o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:marc@holmeslawgroup.com"><span style="font-size:12.0pt;color:blue">marc@holmeslawgroup.com</span></a><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Ofc: 206-357-4224</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt">Cell: 206-849-0853</span><o:p></o:p></p>
</div>
<p class="MsoNormal"><span style="font-size:12.0pt"> </span><o:p></o:p></p>
<div>
<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b><span style="color:windowtext">From:</span></b><span style="color:windowtext">
</span><a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a><span style="color:windowtext">
</span><a href="mailto:wsbarp-bounces@lists.wsbarppt.com"><wsbarp-bounces@lists.wsbarppt.com></a><span style="color:windowtext">
<b>On Behalf Of </b>Kary Krismer<br>
<b>Sent:</b> Tuesday, April 3, 2018 11:26 AM<br>
<b>To:</b> </span><a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a><span style="color:windowtext">;
</span><a href="mailto:nestor@pplsweb.com">nestor@pplsweb.com</a><span style="color:windowtext"><br>
<b>Subject:</b> Re: [WSBARP] Form 17 residential</span><o:p></o:p></p>
</div>
</div>
<p class="MsoNormal"> <o:p></o:p></p>
<p>Did they just waive the Form 35 inspection rights or also the Form 17 (the second place for the buyer to sign on Form 17)?<o:p></o:p></p>
<p>If just the former I'm not sure a buyer can still back out where the answer is wrong. I'd love to hear the answer of others. But chances are there's at least one answer on the Form 17, the answer to which is not N/A, which the seller failed to answer.
My question would be whether you could ask for the answer to that question at this point and then back out based on the new Form 17 coming in?<o:p></o:p></p>
<pre>Kary L. Krismer<o:p></o:p></pre>
<pre>John L. Scott/KMS Renton <o:p></o:p></pre>
<pre>206 723-2148<o:p></o:p></pre>
<div>
<p class="MsoNormal">On 4/3/2018 10:40 AM, <a href="mailto:nestor@pplsweb.com">nestor@pplsweb.com</a> wrote:<o:p></o:p></p>
</div>
<blockquote style="margin-top:5.0pt;margin-bottom:5.0pt">
<p class="MsoNormal">Client comes in and waived inspection under Form 35. Seller provided a Form 17 that mispresented the capacity of the septic system. The way I see, Buyer can back out due to the mis presentation in spite of the waiver. Any other recourse?<o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
<p class="MsoNormal"><b>Nestor Gorfinkel, Attorney at Law </b><o:p></o:p></p>
<p class="MsoNormal"><b>Admitted to practice law in Washington & Florida </b><o:p></o:p></p>
<p class="MsoNormal"><b>Florida Civil-Law (International) Notary</b><o:p></o:p></p>
<p class="MsoNormal"><b>Puget Property Legal Services, PC</b><o:p></o:p></p>
<p class="MsoNormal"><b>11900 NE First Street Suite 300</b><o:p></o:p></p>
<p class="MsoNormal"><b>Bellevue, WA 98005</b><o:p></o:p></p>
<p class="MsoNormal"><b>Tel. (425) 961-0519</b><o:p></o:p></p>
<p class="MsoNormal"><b>Fax. (888) 837-0616</b><o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:nestor@pplsweb.com"><b><span style="color:black;text-decoration:none">nestor@pplsweb.com</span></b></a><b>
</b><o:p></o:p></p>
<p class="MsoNormal"><b> </b><o:p></o:p></p>
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