Term
| Who is responsible for the administration of real estate license law? |
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Definition
| Washington state department of licensing. |
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Term
| Who is in charge of all divisions department of licensing? |
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Definition
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Term
| Who employees the director and all Real estate division staff? |
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Definition
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Term
| What are the staff of the department of licensing not allowed to have? |
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Definition
| Any interests in a real estate firm |
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Term
| Who appoints the Director? |
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Definition
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Term
| Who is charged with enforcing all laws, rules, and regulations relating to the licensing of real estate brokers and salespersons? |
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Definition
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Term
| Who has the Authority to grant or deny licenses, and to hold disciplinary hearings and impose penalties for violations of the license law? |
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Definition
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Term
| Who issues the rules and regulations to govern the activities and practices of licensees? |
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Definition
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Term
| The term "Real estate license law" is used to refer to what? |
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Definition
| The statutory provisions adopted by the state and legislature and the regulations issued by the Director. |
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Term
| What are all licensees required to have a copy of? |
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Definition
| The directors regulations and keep informed on changes. |
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Term
| Who makes up the real estate commission? Who appoints the commission? |
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Definition
| six commissioners who are appointed by the governor to advise the director on the real estate industry and profession. |
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Term
| How many years of experience do commissioners have to have? |
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Definition
| at least 5 years of real estate experience, generally Brokers |
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Term
| How long do commissioners serve? |
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Definition
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Term
| What is the pay for commissioners? |
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Definition
| paid a per diem stipend, plus travel expenses |
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Term
| Who prepares and conducts the real estate license examinations? |
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Definition
| The real estate commission |
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Term
| Who is held responsible for holding educational conferences for the benefit of the real estate industry? |
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Definition
| The real estate commssion |
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Term
| Who created the real estate research center? What does it study? |
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Definition
| the real estate commission. Studies real estate economics and concerns such as affordable housing. |
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Term
| Who funds the research center? |
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Definition
| Funded through surcharges imposed on real estate license renewals. |
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Term
| Who is the directors legal adviser on matters relating to license law? |
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Definition
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Term
| When is a license required? |
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Definition
It is unlawful to act as a real estate broker or salesperson without first obtaining the proper license. According to the license law a real estate broker is defined as:
1. One who sells or offers for sale, lists or offers to list, buys or offers to buy real estate or business opportunities, or any interest therein, for others;
2. One who negotiates or offers to negotiate, directly or indirectly, the purchase, sale, exchange, lease, or rental of real estate or business opportunities, or any interest therein.
3. One who negotiates or offers to negotiate, directly or indirectly, the purchase, sale, or exchange of a manufactured or mobile home in conjunction with the purchase, sale exchange, rental, or lease of the land on which the home is or will be located.
4. One who advertises or holds himself out to the public by any oral or printed solicitation or representation that he or she is so engaged; or any transaction which results in or is calculated to result in any of these acts.
5. One who directs, assists, or engages in procuring prospects or in negotiating or closing any transaction which results in or is calculated to result in any of these acts. A real estate salesperson is someone who is employed by a real estate broker in the performance of any of the activities listed in the definition of a broker listed above. Business Opportunity: The sale or acquisition of a business |
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Term
| Who is not required to have a license? |
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Definition
The following are not required to have a real estate license, even when their activities fall within the definition of broker or salesperson
1. Anyone buying or leasing property for himself, or on behalf of a group to which she belong, or disposing of property she owns or co-owns.
2. Authorized attorney in fact acting without compensation
An attorney in fact is not necessarily a lawyer. It is anyone a principal appoints to act as her agent in a power of attorney
3. Attorney at law, in the performance of his/her duties.
4. A trustee in bankruptcy, executor, administrator, or guardian, when acting in that capacity, or any person acting under court order, or a trustee selling under a deed of trust.
5. Secretary, assistant, bookkeeper, accountant, or other office personnel performing purely clerical duties.
6. The owner of a rental property, or a member of the owner’s family, engaged in transactions relating to that property.
7. Anyone who manages residential property on an incidental basis and not as his/her principal source of income, as long as he/she doesn’t advertise or hold himself out as a property manager.
8. The resident manager of an apartment complex, in the performance of his/her duties related to that property
9. The owner manager of a self-storage facility renting units.
10. Someone acting on behalf of another but without compensation |
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