Washington HB1081 establishes consumer protections for owners of real property solicited by potential buyers.

HB1081 mandates that owners of real property solicited by potential buyers through public advertising or direct contact have the right to an appraisal at the buyer's expense. The owner can select the appraiser and must be notified of this right. Owners can cancel the purchase contract without penalty within four business days of receiving the appraisal or within 10 business days if they choose not to receive an appraisal. The seller must acknowledge these rights in the purchase contract.

Washington HB1081 establishes consumer protections for owners of real property solicited by potential buyers.

HB1081 mandates that owners of real property solicited by potential buyers through public advertising or direct contact have the right to an appraisal at the buyer's expense. The owner can select the appraiser and must be notified of this right. Owners can cancel the purchase contract without penalty within four business days of receiving the appraisal or within 10 business days if they choose not to receive an appraisal. The seller must acknowledge these rights in the purchase contract.