Real Estate License Law and Regulations III

Question 1

Advertising [RCW 18.85.361(2); WAC 308-124B-210;www.dol.wa.gov/business/realestate/advertising.html]

Answer 1

A licensee is required to disclose his/her license status in any form of advertising utilized. All advertising or solicitations for brokerage services (including internet-based advertising, web pages, e-mail, newspapers, and other visual media) must include the firm’s name or an assumed name as licensed, except for ads for personally owned property.

Question 2

Dual Agency [RCW 18.86.060]

Answer 2

Under the Brokerage Relationships Act, a licensee may act as a dual agent only under the following circumstances:

• with the written consent of both parties to the transaction, which must include a statement of the terms of compensation
• after the agent has provided both parties with a pamphlet explaining agency law