[Legislativecommittee1] HB1081 and HB1075
George Peters
execdirector at washingtonlandtitle.com
Thu Dec 19 13:05:21 PST 2024
Robin, you are indeed on the committee, and your thoughts on any bill that
we are reviewing are welcome - thank you!
Again, all members are encouraged to look at what's been put out by Maureen
as we approach the beginning of the upcoming session. Please feel free to
ask questions, make suggestions and recommendations. The more eyes the
better!
FYI, here is the list of the current Legislative Committee members:
Legislative
Michelle Taylor, WTP (Co-Chair)
JP Kissling, WTP (Co-chair)
Maureen Pfaff, WTP (Vice-Chair)
George Peters, WTP
Carrie Tellefson
Sam Miller
Sean Holland, WTP
Megan Powell, WTP
Dwight Bickel, WTP
Stephan Routh
Jim Blair
Erin Sheckler
Allison Davis
Erin Stines
Lindsy Doucette
Kirk Strandjord
David Fennell
Shawn Toor
Gerry Guerin, WTP
Craig Trummel, WTP
Gale Hickok
Chris Rollins, WTP
Gary Kissling
Robin Aberasturi
Erika Rawnsley
Lori Bullard, WTP
Ben Case
Scott Meyer
Shawn Toor
Bob Rice
George
George Peters, WTP
Executive Director
Washington Land Title Association
<https://washingtonlandtitle.com> https://washingtonlandtitle.com
Mail: PO Box 328, Lynnwood, WA 98046
Delivery: 6817 208th St SW, #328, Lynnwood, WA 98036
206-437-5869 (Mobile)
206-260-4731 (Fax)
<mailto:execdirector at wltaonline.org> execdirector at washingtonlandtitle.com
This is a confidential communication intended solely for the named
recipient. If you are not the intended recipient, please destroy it and call
George Peters at 206-437-5869 immediately. Thank you.
From: Robin Aberasturi <robin.aberasturi at futuratitle.com>
Sent: Thursday, December 19, 2024 11:26 AM
To: 'George Peters' <execdirector at washingtonlandtitle.com>
Subject: RE: [Legislativecommittee1] HB1081 and HB1075
I didn't reply all since I am not technically on the committee,
But from an escrow standpoint, I am not a party to the PSA nor do I believe
that escrow should be responsible to seek to confirm that there is no
realtor if not listed on the PSA and I specifically don't think it escrows
responsibility to ensure that the Seller has complied with terms of an
agreement that ESCROW is not a party to. We pack enough "beyond escrow"
requirements on to our Escrow Officers now, I don't like the idea of putting
them in the middle of terms of the PSA that go beyond our closing
instructions.
Robin Aberasturi
VP/Corporate Escrow Manager
Futura Title & Escrow, LLC
Phone 208-955-9684 | Cell 208-250-3816
From: Legislativecommittee1
<legislativecommittee1-bounces at washingtonlandtitle.com
<mailto:legislativecommittee1-bounces at washingtonlandtitle.com> > On Behalf
Of George Peters
Sent: Thursday, December 19, 2024 12:00 PM
To: '1 WLTA Legislative Committee'
<legislativecommittee1 at washingtonlandtitle.com
<mailto:legislativecommittee1 at washingtonlandtitle.com> >
Subject: Re: [Legislativecommittee1] HB1081 and HB1075
I would assume that escrow should confirm that there is no RealtorR involved
as the transaction progresses, beyond what the signed PSA says (for example,
might it be possible that either party could retain, or even just speak to,
a RealtorR
I would assume that escrow should confirm that there is no RealtorR involved
as the transaction progresses, beyond what the signed PSA says (for example,
might it be possible that either party could retain, or even just speak to,
a RealtorR after the PSA is executed?), and could always ask for
confirmation from the seller that it has complied with the terms of the PSA.
Someone with more escrow experience than I have can speak to that.
I agree with JP that escrow should still be able to interplead funds if
there is a dispute between buyer and seller.
George
George Peters, WTP
Executive Director
Washington Land Title Association
<https://urldefense.com/v3/__https:/washingtonlandtitle.com__;!!DEULSLR5O6ir
Ng!WJp09mc8sXCHp98ieSiTrfkbAfPcMdt13CoCq8gHonAI5WBEeT89dGxYMist3Ml8wcMEgkPWH
W-IHi4HKgg59L3v9tvQDP2TLYqxmpeo6A$> https://washingtonlandtitle.com
Mail: PO Box 328, Lynnwood, WA 98046
Delivery: 6817 208th St SW, #328, Lynnwood, WA 98036
206-437-5869 (Mobile)
206-260-4731 (Fax)
<mailto:execdirector at wltaonline.org> execdirector at washingtonlandtitle.com
This is a confidential communication intended solely for the named
recipient. If you are not the intended recipient, please destroy it and call
George Peters at 206-437-5869 immediately. Thank you.
From: Legislativecommittee1
<legislativecommittee1-bounces at washingtonlandtitle.com
<mailto:legislativecommittee1-bounces at washingtonlandtitle.com> > On Behalf
Of Jp Kissling
Sent: Thursday, December 19, 2024 10:01 AM
To: Maureen Pfaff <maureen at olypentitle.com <mailto:maureen at olypentitle.com>
>
Cc: '1 WLTA Legislative Committee'
<legislativecommittee1 at washingtonlandtitle.com
<mailto:legislativecommittee1 at washingtonlandtitle.com> >
Subject: Re: [Legislativecommittee1] HB1081 and HB1075
I feel we also need to have some clarification on the earnest money and how/
if, it will affect our ability to interplead funds RCW 64.04.220.
From: Legislativecommittee1
<legislativecommittee1-bounces at washingtonlandtitle.com
<mailto:legislativecommittee1-bounces at washingtonlandtitle.com> > On Behalf
Of Maureen Pfaff
Sent: Thursday, December 19, 2024 9:43 AM
To: legislativecommittee1 at washingtonlandtitle.com
<mailto:legislativecommittee1 at washingtonlandtitle.com>
Subject: [Legislativecommittee1] HB1081 and HB1075
We still need a review of HB 1075 if anyone has a few minutes to take a look
at it.
I reviewed HB 1081 but have a couple of questions for the committee. This
bill would provide additional protections to the seller in a transaction
where the buyer actively solicited the purchase of a property that is not
currently being offered for sale and where the Seller is not represented by
a licensed Realtor. It would require that the contract specifically notes
that the seller has a right to have an appraisal done by an appraiser of
their choosing and paid for by the buyer and that they have the right to
cancel the contract within 4 days of receiving the appraisal without penalty
or further obligation. For owners who do not choose to have an appraisal
done they have the right to cancel the contract without penalty or further
obligation within 10 business days after execution. It also adds specific
requirements for how these rights will be shown in the contract and that the
seller must affirmatively acknowledge them. Would it fall on us to confirm
that the contract in a transaction we close meets these requirements? If it
doesn't and we close and insure the transaction would we be open to a claim
down the road?
Maureen
Maureen Pfaff, President and CEO
Ph: (360) 457-4451 | Fax: (844) 513-2400
403 S Peabody St, Port Angeles, WA 98362
maureen at olypentitle.com <mailto:maureen at olypentitle.com>
www.olypentitle.com
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