Washington State Real Estate Practice Exam

Is it true or false that in Washington State, the seller must provide a property disclosure statement unless exempt by law?

1. True

2. False

3. Only for commercial properties

4. Only if requested by the buyer

The correct answer is: True

In Washington State, it is indeed true that the seller is required to provide a property disclosure statement, with certain exemptions provided by law. This requirement is in place to ensure that buyers are fully informed about the condition of the property they are considering purchasing. The disclosure statement typically includes details about the property's physical condition, any known issues or defects, and information regarding the surrounding area, helping to protect the interests of the buyer and fostering transparency in real estate transactions. Exemptions from this requirement can occur in specific situations, such as when the property is being sold in certain types of transactions, like a foreclosure, or if the seller has not lived in the property. However, for most residential sales, providing a property disclosure statement is mandatory. This underscores the importance of consumer protection laws designed to create a fair and transparent buying process.