Washington State Real Estate Practice Exam 2025 – Complete Preparation Guide

Question: 1 / 400

When must a seller notify a buyer of a pending foreclosure on their property?

After the purchase and sale agreement is executed

Before execution of the purchase and sale agreement

The correct choice emphasizes the importance of transparency in real estate transactions, specifically regarding the seller's obligations concerning material facts that could affect the buyer's decision-making process. Washington State law requires that sellers disclose pending foreclosures before the execution of the purchase and sale agreement. This early notification is crucial as it gives potential buyers the necessary information to make informed decisions about proceeding with a property that may be facing significant legal and financial complications.

By mandating this disclosure prior to any formal agreement, the law seeks to protect buyers from entering into potentially risky situations unknowingly. Understanding this concept is vital for real estate professionals to ensure compliance with legal standards and promote ethical practices in the industry.

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At the time of closing

Once the buyer expresses interest

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