PDFWAC 308-66-175
Buyer's agent—Standard disclosures.
Must a buyer's agent disclose their activities? The written agreement between a buyer's agent and its customer shall contain precisely the following disclosure language in a single paragraph on the first page of the agreement, in a type size sufficiently large to be read with reasonable ease:
NOTICE to customers concerning the nature and scope of BUYER'S AGENT activity. A licensed bonded vehicle dealer may act as a buyer's agent to arrange for you to purchase a new vehicle.
1. Your agreement with the buyer's agent must:
• | Be in writing. |
• | Set forth the terms of the agreement. |
• | Disclose total fees or other compensation to be received from you. |
• | State whether or not any portion of the fee is refundable. |
2. While arranging for you to purchase your new vehicle the buyer's agent must not:
• | Receive or pay any vehicle purchase moneys. |
• | Sign any vehicle purchase order, contract, odometer statement or title document. |
• | Have the name of the buyer's agent appear on the purchase order, sales contract or title. |
• | Sign any other document relating to the purchase, sale or transfer of the new vehicle. |
• | Use a power of attorney (POA) to do any of the above prohibited acts. However, the buyer's agent may use a POA to deliver the license plates to the customer. |
3. The buyer's agent must not:
• | Pay to or receive from a dealer any purchase moneys, fees, gratuities or rewards. |
• | Claim or state that the buyer's agent offers, obtains or guarantees the lowest price. |
• | Arrange for a new vehicle through an out-of-state dealer without disclosing to the customer in writing that the vehicle will not have Washington state lemon law coverage. |