Bill > HB2624

This bill clarifies consumer protections related to unsolicited real estate offers, specifically by exempting government agencies and nonprofit land conservancies from certain requirements. Previously, homeowners receiving unsolicited offers to buy their property had the right to an appraisal by a licensed appraiser and the ability to cancel the purchase contract without penalty within a specified timeframe. This bill amends existing law (RCW 61.40.010) to state that these protections are not necessary when the offer comes from a public entity, such as the Department of Transportation, cities, or counties acquiring property for transportation purposes, or from a nonprofit nature conservancy corporation or association acquiring property for a public benefit, provided an appraisal is obtained before the transaction closes. The legislature's intent is to acknowledge that these entities operate under different legal and appraisal standards that are not compatible with the previously established consumer protections.

Business and Industry

https://app.leg.wa.gov/billsummary?BillNumber=2624&Year=2025&Initiative=false