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.
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!
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!
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!
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.
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!
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!
There's a Form for That! Part 4, Form 11-The Referral Agreement
In today's Legal Hotline video/podcast episode, WR Legal Hotline Lawyer Annie Fitzsimmons and Camden Schutte (DB for Coldwell Banker 360 and 360 Property Management, Whidbey & Fidalgo Islands) continue the series called, There's a Form For That! This episode features Form 11-The Referral Agreement, be sure to make all referral agreements clear and in writing. Be sure to like, share and subscribe!
There's a Form for That! Part 3, Form 22ZZ
In today's Legal Hotline video/podcast episode, WR Legal Hotline Lawyer Annie Fitzsimmons and Camden Schutte (DB for Coldwell Banker 360 and 360 Property Management, Whidbey & Fidalgo Islands) continue the series called, There's A Form For That! This episode features Form 22ZZ-The Tax Classification Addendum, when a seller places a property into a special tax classification, how does it get removed from that classification in a sale? Be sure to like, share and subscribe!
There's a Form for That! Part 2, Form 35C
In today's Legal Hotline video/podcast episode, WR Legal Hotline Lawyer Annie Fitzsimmons and Camden Schutte (DB for Coldwell Banker 360 and 360 Property Management, Whidbey & Fidalgo Islands) continue the series called, There's A Form For That! This episode features Form 35C-Notice of Seller Consent Inspection Report, which allows seller to receive all or some of the inspection report at the time of mutual acceptance. Be sure to like, share and subscribe!
There's a Form for That! Part 1: Form 22S
n today's Legal Hotline episode, WR Legal Hotline Lawyer Annie Fitzsimmons and Camden Schutte (DB for Coldwell Banker 360 and 360 Property Management, Whidbey & Fidalgo Islands) kick off a new series called, There's A Form For That! This episode features the pros and cons of Formorm 22S – Septic System Addendum. Be sure to like, share and subscribe!
Black Home Initiative Partnership Webinar
The Washington REALTORS® DEI Committee has partnered with the Black Home Initiative, a local effort to increase the number of BIPOC (Black, Indigenous, and People of Color) households who successfully secure homeownership. BHI is centered around a shared priority of making homeownership possible for 1,500 low to moderate income Black households in South Seattle, South King County and North King County in the next five years. To accomplish this, BHI is focused on building an interconnected network of stakeholders to help address the systems that led to the inequitable outcomes we have today.
Discriminatory housing practices such as redlining and restrictive covenants have a long history in Greater Seattle — creating a staggering wealth gap that persists today. Black Home Initiative (BHI) targets the racial inequities at the core of the housing ecosystem in an effort to increase homeownership among Black households.
More information on the Black Home Initiative website here. https://www.civic-commons.org/bhi
Which is Better, A Note & Deed of Trust or a Real Estate Contract?
In today's Legal Hotline video/podcast episode, WR Legal Hotline Lawyer Annie Fitzsimmons addresses seller financing agreements, and whether a note in deed of trust or a Real Estate Contract is best when dealing with seller financing. Find out what is best for buyers, sellers and which is right for your clients here. Be sure to like, share and subscribe!
Who Can Offer Seller Financing?
In today's Legal Hotline video/podcast episode, WR Legal Hotline Lawyer Annie Fitzsimmons talks about who can offer a seller financing. The top section of form 22C is the seller financing addendum, and lists the qualifications of who is able under Washington law to offer seller financing. Annie also explains what to do if unable to secure seller financing. Be sure to like, share and subscribe!
Lt. Governor Denny Heck - HB 1474Testimony
Lt. Governor Denny Heck - HB 1474 Testimony on Covenant Homeownership Account legislation on February 6th, 2023. See more coverage of this bill on TVW here https://tvw.org/video/legislative-media-availability-on-covenant-homeownership-account-2023021250/
For more information on this bill, visit: https://app.leg.wa.gov/billsummary?BillNumber=1474&Initiative=false&Year=2023
WR Staff & Members on the Hill - SB 5609 Testimony
WR Government Affairs Director testifies in support of SB 5609: Establishing housing approval requirements that will eliminate Washingtons housing shortage. Link to the full TVW episode here https://tvw.org/video/senate-housing-2023021076/.
For more information on SB 5609, visit: https://app.leg.wa.gov/billsummary?BillNumber=5609&Year=2023&Initiative=false
WR Staff & Members on the Hill - HB 5466 Testimony
Washington REALTORS® Government Affairs Director Nathan Gorton testify on February 6, 2023 in support of HB 5466: For full information on this bill, https://app.leg.wa.gov/billsummary?BillNumber=5446&Chamber=Senate&Year=2023
What's Going On? Black Home Ownership Crisis
Even as we enter 2023, Black people continue to face significant challenges to homeownership. Despite diversity, equity and inclusion initiatives in every sphere of society, housing disparity remains a critical concern for Black people. In this recorded session, participants heard from Deborah Biddle with The People Company Consulting Group and explored current challenges facing Black residents, the progression of equitable housing practices and strategies to eliminate housing discrimination.
Legislative Briefing On Housing Supply Issues
TVW recording of legislators speaking on the problems and proposed solutions facing Washington's housing supply.
Who Can Engage in Short Sale Negotiations?
In today's Legal Hotline video/podcast episode, WR Legal Hotline Lawyer Annie Fitzsimmons asks the question, who can engage in short sale negotiations?. A person can engage in a short sale if the total lien against their property is greater than what they can generate from the sale of the property. Washington law dictates that only three types of people can engage in short sale negotiations with a lender, find out who they are on this week's video. Be sure to like, share and subscribe!