Section 1: Broker rules - Forming a RE Firm rules
Applying
- In order to create a firm, one must:
- Fill out a form by the director
- Be honest, truthful and good reputation
- Fingerprints and background check
- If the firm is a legally recognized business entity:
- Register with Secretary of State
Exemptions from Licensing
These are occupations and individuals who DO NOT need a Washington Real Estate license to do business:
- Individuals buying/selling property for personal or group use
- Authorized attorneys-in-fact
- Attorneys practicing law
- Court-appointed representatives (receivers, trustees, executors, etc.)
- Office personnel (secretaries, bookkeepers, accountants) not engaged in real estate activities
- Government employees involved in property acquisition
- Self-storage facility owners/managers (for rental/lease of individual storage space)
- Referral services not involved in negotiations or brokerage services
- Certified public accountants not promoting specific real property interests
- Title/escrow companies, attorneys, and financial institutions not promoting specific real property interests
- Investment counselors not promoting specific real property interests
- Common interest community managers not promoting specific real property interests
- Individuals employed by/retained by property owners or managing brokers for limited property management activities (e.g., showing units, receiving applications, assisting with administrative tasks)