Under Washington's Law of Real Estate Agency (RCW 18.86), which of the following is NOT a required element of the written agency disclosure pamphlet that must be provided at first substantive contact?
Correct Answer
A) The specific commission rate that the broker will charge for the transaction
The specific commission rate is NOT a required element of the agency disclosure pamphlet under RCW 18.86. The pamphlet is designed to explain the nature of agency relationships, the duties owed to clients versus customers, and the concept of dual agency — not to specify the financial terms of any particular transaction. Commission rates are negotiated separately and documented in listing or buyer-broker agreements.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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