Under Washington's Law of Real Estate Agency (RCW 18.86), which term describes the entry-level licensee who works under the supervision of a designated broker?
Correct Answer
B) Broker
Under RCW 18.85 and RCW 18.86, Washington uses the term 'broker' for its entry-level licensees — not 'salesperson' as used in most other states. A broker in Washington works under the supervision of a designated broker and may represent clients in real estate transactions.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
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