Escrow & Title
When Washington real property is sold, who is responsible for paying the Real Estate Excise Tax (REET)?
AThe buyer
BThe seller✓ Correct
CBoth parties equally
DThe title company
Explanation
Under RCW 82.45, the Real Estate Excise Tax (REET) is the responsibility of the seller. The seller pays REET on the sale price before the deed can be recorded.
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