Washington
StatutesWashington
and
Statutes
Rules and
Governing
Statutes
Rules and
Governing
the Rules
Activities
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Licensees
theofActivities
Licensees
– RealofEstate
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– Real
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RCWReal
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RCWCompliance
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RCW
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Compliance
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Study Guide.pdf
Washington Statutes and Rules
Governing the Activities of Licensees –
Real Estate Law, RCW & WAC
Compliance Study Guide
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Washington
Washington
StatutesWashington
and
Statutes
Rules and
Governing
Statutes
Rules and
Governing
the Rules
Activities
Governing
theofActivities
Licensees
theofActivities
Licensees
– RealofEstate
Licensees
– Real
Law,
Estate
–
RCWReal
Law,
& WAC
Estate
RCWCompliance
Law,
& WAC
RCW
Compliance
Study
& WAC Guide
Compliance
Study Guide.pdf
Study Guide.pdf
, Washington Statutes and Rules Governing the Activities of Licensees.pdf Washington Statutes and Rules Governing the Activities of Licensees.pdf Washington Statutes and Rules Governing the Activities of Licensees.pdf
The Washington Administrative Code (WAC) compiles the Holding a proper license
broker's responsibilities and duties.Specific broker duties Maintaining licensure requirements
include: Delivering transaction-related contracts and documents to the designated or
managing broker no later than two
business days after all parties accept
Managing consumer funds or property safely and according to license laws
Adhering to advertising regulations
Following license laws regarding altering or terminating the firm's service contracts
Following the firm's policy on referring home inspectors
Cooperating with audits or inquiries
Reporting mailing address changes
Managing broker responsibilities include: Supervising their licensed brokers
Delivering and collecting client trust funds and brokerage records from the brokers
they supervise
Providing heightened supervision of licensees in their first two years of licensure
Ensuring brokerage services are in accordance with the law
Cooperating with DOL investigations
Staying knowledgeable about real estate-related laws
Keeping the state informed of their current mailing address
Following the designated broker's policy on referring home inspectors
Maintaining licensure
Delivering contracts and other documents within two days of mutual acceptance
Following laws and rules regarding the handling of funds, proper advertising, and
brokerage service contracts
Washington Statutes and Rules Governing the Activities of Licensees Washington Statutes and Rules Governing the Activities of Licensees.pdf Washington Statutes and Rules Governing the Activities of Licensees.pdf