Broker Sam is licensed in Washington and wants to also practice real estate in Oregon. He completes Oregon's licensing requirements and passes Oregon's exam. Sam plans to conduct Washington transactions from his Oregon office without maintaining a Washington office. Under Washington law, which of the following is most accurate?
Correct Answer
B) Sam may hold an active Washington license affiliated with a Washington firm without maintaining a personal office in Washington
Under RCW 18.85 and Washington DOL rules, a broker is not required to maintain a personal physical office in Washington. The broker must be affiliated with a Washington-licensed real estate firm under a designated broker who does maintain a Washington office. Washington does not distinguish between 'resident' and 'non-resident' licenses in the way some other states do — the requirement is firm affiliation, not a personal office location.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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