Agency
A Washington buyer's agent helps a buyer purchase a home. After closing, the buyer asks the agent to return part of their commission as a rebate. Under Washington law:
ACommission rebates to clients are prohibited
BCommission rebates from a licensee to their client are permissible with disclosure✓ Correct
COnly the brokerage firm may rebate commissions
DRebates are only permissible for commercial transactions
Explanation
Washington permits real estate licensees to rebate a portion of their commission to their client (the buyer or seller). The rebate must be disclosed and may have tax implications for the client.
Related Washington Agency Questions
- A Washington buyer's broker learns the buyer has a maximum budget of $700,000 but is offering $625,000. The broker must:
- An agency relationship in Washington is typically terminated by all of the following EXCEPT:
- In Washington, when a buyer uses a broker from the same firm as the listing broker, the firm is likely in a situation called:
- A Washington listing broker receives an offer that is lower than the listing price but is the best offer received after 60 days on market. The broker's duty to the seller is to:
- Under Washington's agency law, a seller who gives their broker authority to sign documents on their behalf has granted the broker which type of authority?
- In Washington, a listing broker has a fiduciary duty to the seller to disclose:
- Under Washington's Law of Real Estate Agency (RCW 18.86), a real estate broker owes all clients the duty of:
- A Washington real estate firm has a buyer client looking for a rental investment property. The firm also manages properties for a property owner who is looking to sell. If the firm represents both buyer and seller, Washington law requires:
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