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ADD'L INFO RE 22e Form

ADD'L INFO RE 22e Form

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hi I'm Shawn Reynolds the owner and designated managing broker of Summit properties Northwest and this is a quick overview video on the FERPA form that is formed 22e within the Northwest Multiple Listing Service and this is kind of a complex legal form if you kind of get right down to it it's a short form in its own but it has a lot of legal implications and I'm just going to kind of basically gloss over how to put one together if you have questions legal questions regarding this form be sure to reach out to an attorney all right let's jump right into the firm form okay so FERPA what does that stand for that stands for the foreign investment in real property tax act and that provides that a buyer of a US real property interest must withhold sales tax if the seller is a foreign person unless one of the exemptions in the Act applies the following will inform buyer and closing agent whether tax withholding is required now that is basically the first paragra

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