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:
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Be in writing.
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Set forth the terms of the agreement.
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Disclose total fees or other compensation to be received from you.
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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:
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Receive or pay any vehicle purchase moneys.
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Sign any vehicle purchase order, contract, odometer statement or title document.
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Have the name of the buyer's agent appear on the purchase order, sales contract or title.
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Sign any other document relating to the purchase, sale or transfer of the new vehicle.
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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:
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Pay to or receive from a dealer any purchase moneys, fees, gratuities or rewards.
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Claim or state that the buyer's agent offers, obtains or guarantees the lowest price.
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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.
[Statutory Authority: RCW 46.70.160. WSR 04-16-090, § 308-66-175, filed 8/3/04, effective 9/3/04. Statutory Authority: RCW 46.70.180(13) as amended in 1995 by SHB 2179. WSR 96-24-041, § 308-66-175, filed 11/27/96, effective 12/28/96.]