Washington Commercial Real Estate Purchase and Sale Agreement

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The Washington commercial real estate purchase and sale agreement is a contract between a buyer and seller that sets forth conditions for the purchase of commercial real estate. These conditions cover all aspects of the buyer’s offer including the purchase amount, desired closing and completion dates, financing terms, contingencies, and earnest money deposit (usually 1% to 2%). After the offer is reviewed by the seller, they will have several options: accept the proposal, submit a counteroffer, or reject the offer altogether. Real estate offers typically include an expiration date, so time is of the essence when negotiating terms.

Disclosures

Agency Laws (§ 18.86.030(f)) – Brokers must provide a pamphlet to buyers and sellers that informs them of agency laws in the state.

Agency Disclosure (§ 18.86.030(g)) – An agency disclosure must be given to buyers and sellers that indicates which parties are represented by the broker during the real estate transaction.

Realtor Version

KR Business Brokers Adobe PDF

Residential Property

Washington Residential Purchase Agreement – A legal contract containing the terms and conditions of a residential property purchase and sale transaction.

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