Washington License Law
Under Washington law, a designated broker is personally responsible for:
AOnly their own real estate transactions
BThe supervision and actions of all affiliated licensees in their firm✓ Correct
CTransaction paperwork only
DFinancial disclosures to the DOL only
Explanation
The designated broker of a Washington real estate firm bears personal responsibility for supervising all affiliated brokers and managing brokers and for ensuring the firm's compliance with RCW 18.85 and the real estate brokerage practices rules.
Related Washington Washington License Law Questions
- A Washington real estate broker receives a complaint from a former client about the broker's conduct during a sale. The DOL's investigation process may include which of the following?
- Under Washington law, an unlicensed person may assist a licensed broker in completing a transaction by performing which task?
- Under Washington's RCW 18.85, a real estate broker's license may be denied if the applicant:
- In Washington, a 'pocket listing' (selling a property without MLS exposure) is:
- A Washington broker who moves their license from one firm to another must:
- A Washington real estate firm that wants to advertise as 'ABC Realty' but operate under 'XYZ Properties' in another city must:
- Under RCW 18.85, a Washington real estate broker found to have committed fraud may have their license:
- Under Washington law, a broker who negotiates their own purchase of a listed property must disclose to all parties that they are:
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