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WA HB1081
Bill
Status
Passed
4/21/2025
Primary Sponsor
Brandy Donaghy
Click for details
AI Summary
- Owners of off-market properties solicited by buyers have the right to a property appraisal paid for by the buyer, with the appraisal ordered within 3 business days of contract execution
- Property owners can cancel purchase contracts without penalty within 4 business days after receiving an appraisal, or within 10 business days if they decline an appraisal
- Purchase contracts must include these cancellation and appraisal rights in at least 10-point boldface type, with written acknowledgment from the seller
- Protections do not apply when either buyer or seller is represented by a licensed real estate broker
- Violations constitute unfair or deceptive trade practices under the Consumer Protection Act (chapter 19.86 RCW), effective for transactions on or after January 1, 2026
Legislative Description
Establishing consumer protections for owners of solicited real estate.
Last Action
Effective date 7/27/2025.
4/21/2025
Committee Referrals
Rules3/27/2025
Business, Financial Services & Trade3/6/2025
Rules2/21/2025
Consumer Protection & Business1/13/2025
Full Bill Text
No bill text available