Section 208-620-400 - Can I share an office with another business?(1) You may conduct your business in a licensed location in which other persons are engaged in business.(2) If you originate residential mortgage loans, you must comply with RESPA , 12 C.F.R. Sec. 1024.14, including the required disclosures and prohibitions on referral fees if: (a) The licensee has effective control over the person sharing space; or(b)The person sharing space has effective control over the licensee; or(c)The licensee and the person sharing space are under common control by a third person; or(d)The licensee is a corporation related to another corporation as parent to subsidiary and one refers business incident to or a part of a real estate settlement service to the other.Wash. Admin. Code § 208-620-400
Amended by WSR 16-08-026, Filed 3/30/2016, effective 4/30/2016Statutory Authority: RCW 43.320.040 and 31.04.165. 12-18-047, § 208-620-400, filed 8/29/12, effective 11/1/12. Statutory Authority: RCW 43.320.040. 08-15-125, § 208-620-400, filed 7/22/08, effective 8/22/08. Statutory Authority: RCW 31.04.165, 31.04.015, 31.04.045, 31.04.075, 31.04.085, 31.04.093, 31.04.102, 31.04.115, 31.04.145, 31.04.155, and 31.04.175. 06-04-053, § 208-620-400, filed 1/27/06, effective 2/27/06.