Requires, by December 10, 2008, the department of community, trade, and economic development to conduct a study of improved dispute resolution processes for homeowners' association members and boards of directors. The study shall evaluate the feasibility of creating either state or local appeals boards or state or local ombudsman offices to provide dispute resolution services and information to homeowners' association members and boards of directors about their rights and duties under chapter 64.38 RCW.

Requires the department of community, trade, and economic development to appoint an advisory committee of up to twelve members to assist with the study.

Requires the department of community, trade, and economic development to create a task force of up to thirteen members to provide recommendations on model declarations and a method for distributing information on homeowners' associations to prospective buyers.