Nwmls form 21 2025

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The NWMLS Form 21 is a Residential Purchase and Sale Agreement used in Washington State, detailing the terms and conditions for the sale of residential real estate. It includes sections on specific terms such as buyer and seller information, purchase price, earnest money, included items, title insurance, closing details, possession dates, and default remedies. The document outlines the responsibilities of both parties regarding closing costs, notices, agency disclosures, and potential legal actions related to the agreement.

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Click ‘Get Form’ to open the nwmls form 21 in the editor.
Begin by entering the date at the top of the form. This is crucial for establishing timelines.
Fill in the Buyer and Seller information, including names and contact details. Ensure accuracy to avoid future complications.
Specify the MLS number and property details, including tax parcel numbers and street address. This identifies the property involved in the transaction.
List included items such as appliances or fixtures that are part of the sale. Check each item that applies to ensure clarity.
Enter the purchase price and earnest money amount. Be sure to follow any specific instructions regarding payment methods.
Complete sections on title insurance, closing agent, and important dates like closing and possession dates. These are essential for a smooth transaction.
Review all entries for accuracy before signing. Utilize our platform's features to save your progress or make edits as needed.

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What is the basic purchase and sale agreement?

A purchase and sale agreement is used to document the parties intentions and the terms they have agreed will govern the transaction. You can include specific terms like the product or property, the price of the product or property, conditions for the delivery of the product, and the date of product delivery.

What is a SELM form in real estate?

Form Seller Instruction to Exclude from the Multiple Listing Service (SELM) has been discontinued. MLS. Posted on December 20, 2024. Sellers can now use C.A.R. Form Multiple Listing Service Addendum (MLSA) to instruct their broker to exclude the listing from MLS dissemination.

What is the general addendum to the contract of sale?

Addendums can override parts of the original contract and expand on others. Instead of scratching out and handwriting over certain parts of the contract, addendums are drafted and signed to prove both buyer and seller agree. This includes: Modifying the purchase price, closing date, and financing terms.

What does the general term f on the purchase and sale agreement require?

General Term f was revised to include a provision regarding systems and appliances that was previously in the Optional Clauses Addendum (Form 22D). The provision requires the seller to repair or replace any system or appliance that becomes inoperative or malfunctions prior to closing.

What are some of the key terms that should be in a purchase and sale agreement?

While there may be differences between real estate sales contracts, certain elements will be included in nearly every purchase agreement. An Agreed-upon Purchase Price. The Details of the Earnest Money Deposit (EMD) The Planned Closing Date. A Legal Description of the Property. Additional Riders. Home Inspection Contingency.

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Key Facts about NWMLS Form 21 - Residential Purchase & Sale Agreement

Earnest Money Requirements

Included Items in Sale

Title Insurance Provision

Possession Date

Default Remedies

Closing Costs Sharing

Cancellation Rights for Lead-Based Paint Disclosure

Earnest Money Requirements

The Buyer must deliver the Earnest Money within 2 days after mutual acceptance of the Agreement, and it will be held by the Selling Broker or Closing Agent.

Included Items in Sale

The sale includes various items such as built-in appliances, window treatments, and other fixtures unless specified otherwise.

Title Insurance Provision

The Seller authorizes the application for a Homeowner's Policy of Title Insurance at their expense, ensuring that title is marketable at closing.

Possession Date

The Buyer is entitled to possession of the property at 9:00 p.m. on the Possession Date specified in the Agreement.

Default Remedies

In case of default by the Buyer, the Seller may keep part of the Earnest Money as liquidated damages or pursue other legal remedies.

Closing Costs Sharing

Both Seller and Buyer are responsible for half of the escrow fee unless specific financing regulations apply (FHA or VA).

Cancellation Rights for Lead-Based Paint Disclosure

If a residential dwelling was built before 1978, the Buyer can rescind the Agreement within three days after receiving a Lead-Based Paint Disclosure.

Nwmls form 21 2025

Here's how it works

How to use or fill out nwmls form 21 with our platform

Complete this form in 5 minutes or less

Got questions?

What is the basic purchase and sale agreement?

What is a SELM form in real estate?

What is the general addendum to the contract of sale?

What does the general term f on the purchase and sale agreement require?

What are some of the key terms that should be in a purchase and sale agreement?

Key Facts about NWMLS Form 21 - Residential Purchase & Sale Agreement

Earnest Money Requirements

Included Items in Sale

Title Insurance Provision

Possession Date

Default Remedies

Closing Costs Sharing

Cancellation Rights for Lead-Based Paint Disclosure

Earnest Money Requirements

Included Items in Sale

Title Insurance Provision

Possession Date

Default Remedies

Closing Costs Sharing

Cancellation Rights for Lead-Based Paint Disclosure

Complete this form in 5 minutes or less

People also ask

What is the acronym for sale and purchase agreement?

nwmls form 21 2022

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Nwmls form 21 2025

Here's how it works

How to use or fill out nwmls form 21 with our platform

Complete this form in 5 minutes or less

Got questions?

What is the basic purchase and sale agreement?

What is a SELM form in real estate?

What is the general addendum to the contract of sale?

What does the general term f on the purchase and sale agreement require?

What are some of the key terms that should be in a purchase and sale agreement?

form 21 nwmls

Key Facts about NWMLS Form 21 - Residential Purchase & Sale Agreement

Earnest Money Requirements

Included Items in Sale

Title Insurance Provision

Possession Date

Default Remedies

Closing Costs Sharing

Cancellation Rights for Lead-Based Paint Disclosure

Earnest Money Requirements

Included Items in Sale

Title Insurance Provision

Possession Date

Default Remedies

Closing Costs Sharing

Cancellation Rights for Lead-Based Paint Disclosure

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Complete this form in 5 minutes or less

People also ask

What is the acronym for sale and purchase agreement?

nwmls form 21 2022

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