Washington License Law
Under Washington's real estate license law, a broker who has been licensed for at least 3 years and completes additional education requirements may apply to the DOL for:
AA designated broker license
BA managing broker license✓ Correct
CAn appraiser certification
DA dual agency endorsement
Explanation
After being licensed as a broker for at least 3 years and completing the required 90-hour managing broker course, a Washington broker may apply to upgrade to managing broker status, which allows them to supervise other brokers and potentially operate their own firm.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
State-Specific Concepts
Broker SupervisionLicense Law
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