Washington License Law
A Washington real estate managing broker wants to open their own independent brokerage. What designation do they need to apply for?
AA second managing broker license
BDesignated broker status with the DOL✓ Correct
CA firm license only, without individual status change
DApproval from the Washington Association of REALTORS®
Explanation
To open an independent brokerage and be the responsible broker of record, a managing broker must apply for and receive designated broker status from the DOL, in addition to obtaining a firm license for the brokerage entity.
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