Washington License Law
Under Washington law, a broker who has a financial interest in a property they are listing must:
ADisclose their interest to the buyer in writing✓ Correct
BObtain DOL approval before listing
CAvoid listing any property in which they have an interest
DOnly disclose the interest to the designated broker
Explanation
A Washington broker who has a personal financial interest in a property they list or negotiate must disclose that interest to all parties to the transaction. Failure to disclose a personal interest is a violation of RCW 18.86 and 18.85.
Related Washington Washington License Law Questions
- Under RCW 18.85, a Washington real estate broker found to have committed fraud may have their license:
- How many hours of pre-license education are required for a Washington real estate broker applicant?
- How many hours of continuing education must a Washington real estate broker complete per two-year renewal cycle?
- When a Washington real estate license is placed on inactive status, the licensee may:
- Which state agency regulates real estate licenses in Washington State?
- In Washington State, designated broker supervision duties include:
- A Washington broker who wishes to operate as a sole proprietor (their own firm) must hold which license in addition to the broker license?
- Washington prohibits a real estate licensee from receiving compensation from more than one party in a transaction unless:
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →