Friday Video Update

Every week, we produce a short video highlighting industry news, legal updates, or career resources. Many of our videos feature Washington REALTOR® Legal Hotline Lawyer Annie Fitzsimmons with important legal updates and information to help keep you out of hot water. These emails are automatically sent to members so if you're not receiving them, first check your spam folder, then email cara.mcneil@warealtor.org.

Busting Industry Myths: Part 4

This week we're back with another installment of our latest Legal Hotline Video Series: Busting Industry Myths! Join us as WR Legal Hotline Lawyer, Annie Fitzsimmons, discusses the myth that video doorbells are completely lawful in Washington State... Listen in as she clears up this common misconception & tune into the rest of this series to stay informed for the remainder of 2023!

Busting Industry Myths: Part 3

This week we're back with another installment of our latest Legal Hotline Video Series: Busting Industry Myths! Join us as WR Legal Hotline Lawyer, Annie Fitzsimmons, discusses the myth that a Form 22Q is necessary when entering a transaction with a Form 22B buyer. Listen in as she clears up this common misconception & tune into the rest of this series to stay informed for the remainder of 2023!

DBrief Episode #01: Communicating the Value of Membership to Your Brokers

This week we're kicking off our brand-new video series: DBrief. The purpose of this series is to ensure that our Designated Brokers and Owners stay well-informed and receive continuous support from the association. For our first installment, join in as WR CEO, Nathan Gorton, and 2023 President, Alisha Harrison discuss the value of being a REALTOR® office, and how to effectively communicate that value to your brokers.

Busting Industry Myths: Part 2

This week we're back with another installment of our latest Legal Hotline Video Series: Busting Industry Myths! Join us as WR Legal Hotline Lawyer, Annie Fitzsimmons, discusses the myth that no offers can be accepted from home sale contingent bumping buyers… Listen in as she clears up this common misconception and tune into the rest of this series to stay informed for the remainder of 2023!

Buyer Wants a New Broker

Annie discusses the implications for when buyers want to switch brokers. Why might a buyer wish to switch brokers? Can I represent a buyer who already has a broker? When should I refer them to legal counsel? And will I be compensated?

When is Mutual Acceptance?

This week, Annie discusses mutual acceptance. What is mutual acceptance? How is mutual acceptance affected by the Computation of Time Provision, and how do I know when buyer and seller have reached mutual acceptance?

Drafting Issues: 24 Hrs VS. 1 Day

Annie walks you through the issues of using 24 hours instead of one day when writing the Bump Clause in the Home Sale Contingency Addendum and reiterates the standard of care that all brokers are held to. Learn to take the guess work out of Drafting Agreements with this video from Washington REALTORS®.

Big Legislative Changes & The Covenant Homeownership Program

Many changes are coming to the current Washington state real estate forms, and we have many Law changes taking affect very soon including the new covenant program.

CC&Rs VS. Middle Housing Bill

How the New Middle Housing Law effects density limitations in CC&Rs In today's Friday Video Update, Annie Fitzsimmons, WR's Legal Hotline Lawyer, gives an overview on the new law regarding home density, and how current and future CC&Rs may be affected.
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Annie's Mailbag Form 22B

In this edition of our Mailbag series, Annie discusses Form 22B and its significance in relation to the Home Sale contingency, which refers to a situation where a buyer makes an offer on a new property while still needing to sell their current home. This contingency allows the buyer to proceed with the purchase of the new property only if they are able to successfully sell their existing home within a specified timeframe. Don't forget to share and subscribe to stay updated on our discussions!

HB1070 & Seller Leasebacks

In today's Friday Video Update, Annie Fitzsimmons, WR's Legal Hotline Lawyer, delves into House Bill 1070's impact on the practice of leaseback agreements in the purchase and sale of property. Learn about the criteria you'll need to meet in order to exempt a leaseback from the Landlord-Tenant Act. Don't forget to share with other brokers and subscribe!

Theres a Form for That Part 11 Form 40 & 40a

In this week's Legal Hotline episode, Annie Fitzsimmons (WR's Legal Hotline Lawyer) and guest Camden Schutte (DB for Coldwell Banker 360, Coldwell Banker Best Homes and 360 Property Management, on the Olympic Peninsula, Whidbey & Fidalgo Islands) continue the "There's a Form For That!" series. Today's discussion looks at Forms 40 and Form 40A- Compensation Disbursement forms. Please remember to share and subscribe!

Broker Beware: Fraud! Transaction Closes, But Property Not Owned By Seller.

Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons discusses a form of fraud that is becoming more common in our state. Scammers are claiming to be legitimate property owners living overseas or even in other parts of the U.S. While this form of real estate fraud isn't new, the tactics being used to commit this type of fraud are evolving. But with evolving fraud tactics come new methods for fighting back! Learn how catch this type of fraud early on in this week's video.

Theres a Form for That Part 10 Forms 36A, 34 and 21

In this week's Legal Hotline episode, Annie Fitzsimmons (WR's Legal Hotline Lawyer) and guest Camden Schutte (DB for Coldwell Banker 360, Coldwell Banker Best Homes and 360 Property Management, on the Olympic Peninsula, Whidbey & Fidalgo Islands) continue the "There's a Form For That!" series. Today's discussion looks at Forms 36- Counteroffer Addendum, Form 36A- Withdrawal of Offer or Counteroffer, Form 34- General Addendum to Purchase and Sale Agreement, and Form 21-Residential Real Estate Purchase and Sale Agreement. Please remember to share and subscribe!
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There's a Form for That! Part 9, Forms 22Z and 32

In this week's Legal Hotline episode, Annie Fitzsimmons (WR's Legal Hotline Lawyer) and guest Camden Schutte (DB for Coldwell Banker 360, Coldwell Banker Best Homes and 360 Property Management, on the Olympic Peninsula, Whidbey & Fidalgo Islands) continue the "There's a Form For That!" series. Today's discussion delves into adding buyers to the transaction using Form 22Z (Additional Signer Addendum) and Form 32 (Assignment of Buyer's Interest). Be sure to like, share and subscribe!
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There's a Form for That! Part 8, Forms 22Y and 22Y R

In today's Legal Hotline video/podcast episode, WR Legal Hotline Lawyer Annie Fitzsimmons and Camden Schutte (DB for Coldwell Banker 360, Coldwell Banker Best Homes and 360 Property Management, on the Olympic Peninsula, Whidbey & Fidalgo Islands) continue the series called, There's a Form For That! This episode features Forms 22Y (modification of closing date) and 22Y Recording (modification of closing date addendum, which changes the definition of closing). Be sure to like, share and subscribe!
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There's a Form for That! Part 7, Forms 22L, 20, and 69

In today's Legal Hotline video/podcast episode, WR Legal Hotline Lawyer Annie Fitzsimmons and Camden Schutte (DB for Coldwell Banker 360, Coldwell Banker Best Homes and 360 Property Management, on the Olympic Peninsula, Whidbey & Fidalgo Islands) continue the series called, There's A Form For That! This episode features Forms 22L (Lease Review, form for tenant occupied properties), Form 20 (Multi-Family Purchase and Sale Agreement), and Form 69 (Assignment of Lease, transferring lease to new property owner). Be sure to like, share and subscribe!

Champions Club Conference

This event is exclusively for our Washington RPAC Trustees, Washington REALTORS® Legislative Steering Committee members, and/or REALTOR® Champions Club Major Investors. Join us to experience a lineup of compelling speakers, elected officials and subject matter experts...as well as gain the opportunity to network with advocacy-minded REALTORS® from all over Washington State! PLUS...enjoy some world class cuisine and an inclusive stay at the beautiful Hyatt Regency Lake Washington.
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There's a Form for That! Part 6, Form 1S - Appointment of Subagent

Join WR Legal Hotline Lawyer Annie Fitzsimmons and Camden Schutte (DB for Coldwell Banker 360, Coldwell Banker Best Homes and 360 Property Management, on the Olympic Peninsula, Whidbey & Fidalgo Islands) in today's must-watch Legal Hotline episode! Get ready for an insightful continuation of the popular series, There's a Form For That! This episode showcases Form 1S-The Appointment of a Sub-Agent, an indispensable contract between two agents in a firm to guarantee the Seller's protection. Don't forget to show your support by liking, sharing, and subscribing!
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There's a Form for That! Part 5, Forms 18, 19, and 52

In today's Legal Hotline video/podcast episode, WR Legal Hotline Lawyer Annie Fitzsimmons and Camden Schutte (DB for Coldwell Banker 360, Coldwell Banker Best Homes and 360 Property Management, on the Olympic Peninsula, Whidbey & Fidalgo Islands) continue the series called, There's a Form For That! This episode features Forms 18 (Amendment to a Listing Agreement), 19 (Status Change Input Data Sheet), and 52 (Conditional Release of Listing). Be sure to like, share and subscribe!