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<p class="MsoNormal"><span style="font-size:12.0pt">Its typically in the P&S Contract.
<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Cordially,<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:black">Nestor Gorfinkel, Attorney at Law<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none">From:</span></b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Drayna, Paul S.<br>
<b>Sent:</b> Thursday, September 19, 2024 6:14 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> Re: [WSBARP] Escrow Closing Question<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I don’t know if there’s a legal requirement for the escrow office to send it, but it is customary for them to do so. Each brokerage firm typically gets a copy of the HUD showing their client’s side of the transaction (generally not the
other side, unless the brokerage firm was a dual agent). <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">DOL rules require real estate brokerage firms to keep the closing statements in their transaction files. See
<a href="https://app.leg.wa.gov/WAC/default.aspx?cite=308-124C-105">WAC 308-124C-105:</a> which provides that required records include “(c) A transaction folder containing all agreements, receipts, contracts, documents, leases,
<b>closing statements</b>, broker price opinions, referral agreements, and material correspondence, for each real estate or business opportunity transaction, and for each rental, lease, contract or mortgage collection account.” Transaction files must be kept
for at least three years.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt">Paul S. Drayna</span></b><span style="font-size:10.0pt"> |
<b><span style="color:#4472C4">Helsell Fetterman LLP</span><span style="color:#2F5496"><o:p></o:p></span></b></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">Attorney | Of Counsel<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">800 Fifth Avenue, Suite 3200<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">Seattle, WA 98104<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt">Direct: 206.689.2177<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt"><a href="mailto:pdrayna@helsell.com"><span style="color:#0563C1">pdrayna@helsell.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt"><a href="http://www.helsell.com"><span style="color:#0563C1">www.helsell.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none">From:</span></b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none">
<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b><a href="mailto:justinm@monrolawfirm.com">justinm@monrolawfirm.com</a><br>
<b>Sent:</b> Thursday, September 19, 2024 2:49 PM<br>
<b>To:</b> 'WSBA Real Property Listserv' <<a href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBARP] Escrow Closing Question<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;color:red;mso-ligatures:none">[EXTERNAL MESSAGE]</span></b><span style="font-size:12.0pt;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal">Listmates:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Is the Escrow officer or escrow office required or required under law to send the HUD to the listing Designated Broker or their office upon closing of the transaction.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thank you,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Justin Monro<o:p></o:p></p>
<p class="MsoNormal">Attorney at Law <o:p></o:p></p>
<p class="MsoNormal">The Monro Law Firm PS Inc. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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