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Member Updates
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REGISTRATION IS LIVE!
Register to Attend Legislative Days 2025
Join us January 29-30, 2025, at the Little Creek Casino for Washington REALTORS® Legislative Days 2025—the advocacy event of the year! Here's what you can expect from this exciting two-day event:
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Day 1: Engage in a full day of WR committee meetings, networking, and preparation for Hill Day. The evening concludes with the 2025 Installation Banquet—tickets are limited!
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Day 2: Kick off the day with a General Session covering this year’s legislative priorities, followed by meetings with available legislators at the Capitol, and wrapping up with a Legislative Reception at the WR Building at 6PM.
Your voice matters, and this is your chance to be heard! Register today to join us.
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Register Here →
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Stay Compliant: Complete Your Code of Ethics Training to Maintain Membership
There are only two weeks left to complete your Code of Ethics training! Hurry to confirm your status, and if you still need to take the course, we have options! Register for a free or virtual class, explore our class calendar for last-minute webinars and more here.
Questions? Email us at educationservices@warealtor.org or contact your local association. Hurry, before it's too late!
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Remaining COE Options →
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2025 Washington State Legislature Session Preview
The 2025 Legislative Session will tackle critical issues, including housing supply reforms, statewide rent control proposals, and potential tax changes impacting real estate. With opportunities to address the housing crisis and challenges that could affect your business, this session is pivotal.
Learn more about what’s at stake and why REALTOR® advocacy is essential to protect your clients and business interests.
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Read More →
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LAST OPPORTUNITY IN 2025!
There are Just Days Left to Sign-up to Volunteer with Junior Achievement!
Time's running out to volunteer with Junior Achievement of Washington! This is your chance to volunteer & equip middle and high school students with essential financial literacy and business skills. As a volunteer, you’ll assist in programs like BizTown and Finance Park, guiding students through hands-on activities that teach real-world skills for future success. Commit five hours of your time (typically 9AM - 2PM) on a date that fits your schedule. Signing up is easy— click SIGN UP HERE next to the date of your preference at the link below, create an account if you’re new and you’re all set.
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Select a Date & Volunteer →
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Flood Insurance at a Crossroads
Floods are one of the most common and costly natural disasters, and the National Flood Insurance Program (NFIP) plays an important role in protecting homeowners, renters, and businesses in flood-prone areas. With the NFIP set to expire on December 20, this video from NAR and FEMA dives into the program’s importance, its potential reforms, and how REALTORS® are advocating for long-term reauthorization.
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Watch Video →
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Did You Know?
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The Answer to Last Week's Computation of Time Challenge Was Revealed in the Latest Friday Video!
In our latest Legal Hotline video, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons walks you through the fact patterns for this year’s Computation of Time challenge. You’re provided with all the facts to figure out when the buyer's inspection contingency will end if the parties had reached mutual acceptance on Wednesday, December 4, 2024.
Watch and follow along to see if your computation of time is spot on!
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Watch Here→
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Legal Hotline Q&A of the Week
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Question
We represent a buyer attempting to purchase a property with a financing contingency in place, as indicated by Paragraph 2.A of Form 22A. Despite the buyer’s good faith effort to obtain financing, the loan underwriter ultimately rejected the loan on the closing date due to a discrepancy in the calculation of variable income. On the evening of the closing date, the seller's agent delivered Form 90D, demanding the release of earnest money to the seller, and changed the listing back to active on the MLS. The following day, the lender provided the buyer with a loan denial letter, which was then submitted to the seller along with Form 90I, the loan application date, the initial loan estimate, and verification that the buyer had sufficient non-contingent funds, all in accordance with Paragraph 4 of Form 22A. While the loan denial was issued after the closing date and both parties are now out of contract, the buyer never waived the financing contingency—no Form 22AR was executed, nor was the contingency otherwise waived. Given these circumstances, does the buyer still retain the protections of the financing contingency, and are they entitled to a return of their earnest money despite the timing of the loan denial?
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Answer
Yes. Based on the facts presented, buyer is entitled to recovery of the EM. The language in paragraph 1 of the Form 22A Financing Addendum regarding "survival" means that the buyer is entitled to the protections of the contingency even if buyer does not provide the lender's letter and demand for recovery of the EM until after the sale has failed. It appears this buyer has done everything buyer could do, under the timing of events, to timely and properly demand recovery of the EM based on the financing contingency. If seller refuses to release the EM to buyer, broker should advise buyer to seek legal counsel.
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Printable PDF →
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The Legal Hotline Lawyer does not represent Washington REALTORS® or its members. The advice contained herein does not constitute legal counsel. To browse through our database of past Q & A’s, visit warealtor.org/legal-hotline. Attorney Annie Fitzsimmons writes the Legal Hotline Question and Answer of the Week. This is a WR members-only benefit so you will be prompted to log in with your M1 number and password. Your Designated Broker is cc’d on Legal Hotline inquiries.
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EDUCATION OPPORTUNITIES
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Complete Your Code of Ethics Education Before Dec. 31st!
Current Cycle: January 1, 2022 to December 31, 2024
As required for REALTOR® membership, all REALTORS® must complete at least 2.5 hours of ethics training that meets specific learning objectives and criteria. The current cycle deadline is Dec. 31, 2024. Why wait? Check your status and view training options today.
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Learn More→
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NAR Code of Ethics- 3.0
Thursday, December 19th, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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NAR Code of Ethics - 3.0
Friday, January 3rd, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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NAR Code of Ethics- 3.0
Wednesday, January 8th, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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NAR Code of Ethics - 3.0
Friday, January 10th, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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Current Issues in WA Residential RE - 3.0
Monday, January 27th, 2024 (9:00am-12:00pm) 3.0 CE Hours
Live Webinar
Learn More & Register
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View All Upcoming Classes...
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