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Code · Washington · Title 18 — Businesses and Professions · Chapter 18.85

RCW 18.85.091

262 words·~1 min read·/wa/title-18/chapter-18-85/18-85-091·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The minimum requirements for a firm to receive a license are that the firm:
(a)Designates a managing broker as the "designated broker" who has authority to act for the firm, and provides the director with the name of the owner or owners or any others with a controlling interest in the firm;
(b)Assures that no person with controlling interest in the firm is the subject of a final departmental order, as provided in chapter 34.05 RCW, suspending or revoking any type of real estate license; and
(c)Does not adopt a name that is the same or similar to currently issued licenses or that implies the real estate firm is a nonprofit or research organization, or is a public bureau or group.
(2)An applicant for a real estate firm's license shall provide the director with:
(a)The firm name and unified business identifier number;
(b)Washington business mailing and street address, contact telephone number, if any, and a mailing and physical address for either the firm's trust account or business records location, or both;
(c)Internet home page site and business email address, if any;
(d)Application fee prescribed by the director; and
(e)Any other information the director may require.
(3)The firm must provide the following to the department for renewal of the firm's license:
(a)Renewal fee;
(b)Notice of any change in controlling interest for the firm; and
(c)Notice of any change in the firm's registration or certificate of authority filed with the secretary of state.
[ 2008 c 23 s 10 .]
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