Current through the 2024 Regular Session
Section 18.85.091 - Firm license-Requirements(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: (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.