Agency
In Washington State, the law governing agency relationships in real estate is found in:
AWashington Administrative Code (WAC) only
BRCW 18.86 — the Law of Real Estate Agency✓ Correct
CThe Restatement of Agency
DThe Washington Consumer Protection Act
Explanation
Washington's real estate agency relationships are governed by RCW 18.86, the Law of Real Estate Agency, which specifies duties owed to clients and customers.
Related Washington Agency Questions
- In Washington, a selling broker who has no written buyer representation agreement with the buyer is most likely acting as:
- In Washington, a real estate agent who provides services to a buyer without a written representation agreement owes the buyer:
- A Washington buyer's broker shows the buyer a property listed by the same brokerage. If the brokerage represents both parties, this is:
- In a Washington in-company transaction, the designated broker must:
- Under Washington's Law of Real Estate Agency (RCW 18.86), a real estate broker owes all clients the duty of:
- A Washington seller's listing agreement expires without a sale. The seller then sells the property directly to a buyer the broker introduced during the listing period. Under the listing's 'safety clause' (extender clause), the broker may:
- A Washington buyer's agent presents an offer far below the list price. The listing agent must:
- A Washington real estate licensee represented the buyer in a transaction last year. The same client returns with a new property in mind. The licensee must:
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