This chapter does not apply to the following transfers of residential real property:

     (1) A foreclosure or deed-in-lieu of foreclosure;

     (2) A gift or other transfer to a parent, spouse, or child of a transferor or child of any parent or spouse of a transferor;

     (3) A transfer between spouses in connection with a marital dissolution;

     (4) A transfer where a buyer had an ownership interest in the property within two years of the date of the transfer including, but not limited to, an ownership interest as a partner in a partnership, a limited partner in a limited partnership, a shareholder in a corporation, a leasehold interest, or transfers to and from a facilitator pursuant to a tax deferred exchange;

     (5) A transfer of an interest that is less than fee simple, except that the transfer of a vendee's interest under a real estate contract is subject to the requirements of this chapter;

     (6) A transfer made by the personal representative of the estate of the decedent or by a trustee in bankruptcy; and

     (7) A transfer in which the buyer has expressly waived the receipt of the seller disclosure statement. However, if the answer to any of the questions in the section entitled "Environmental" would be "yes," the buyer may not waive the receipt of the "Environmental" section of the seller disclosure statement.

[2007 c 107 § 3; 1994 c 200 § 2.]

NOTES:

     Findings -- Intent -- 2007 c 107: See note following RCW 64.06.015.