Real Estate License Law and Regulations II Flashcards
Names [RCW 18.85.221; WAC 308-124A-815]
A license authorizes only the person named on it to perform licensed activity, and the licensed person can only perform licensed activities under the name that appears on the license.
A real estate firm, however, does have the option to use one or more assumed names in the conduct and operation of its real estate business, provided it obtains a separate license for each additional assumed name.
All real estate brokerage services must be conducted in the firm’s name or in one of its licensed assumed names.
Offices [RCW 18.85.231; WAC 308-124B-200, -205, -207; WAC 308-124D-225]
Every firm must have an office or records depository in Washington accessible to the Director’s representatives. Firms must maintain and produce required records.
Branch Offices [RCW 18.85.241]
A designated broker may establish one or more branch offices under the firm’s name after completing the following:
- paying a license fee
- obtaining a duplicate license for each branch office
The Washington Center for Real Estate Research (WCRER)
was created in 1989 by the Board of Regents at Washington State University to provide credible research, value- added information, education services, and project-oriented research to real estate licensees, real estate consumers, real estate service providers, institutional customers, public agencies, and communities in Washington and the Pacific Northwest.
