1	Department of Licensing RCW 18.85 – Rewrite Task Force
2	RCW 18.85 – Rewrite Task Force March 2003 the Real Estate Commission tasked Department staff to research the issues regarding RCW 18.85. Licensing Structure Broker Supervision Statute Organization Updating Advertising
3	RCW 18.85 Rewrite Task Force Task Force Mission Statement: By comparing current practices and trends with contemporary real estate licensing law, we will recommend, where necessary, changes in the law and practice for the benefit and protection of the public and the real estate industry.
4	RCW 18.85 – Rewrite Task Force Issues addressed by Task Force: Licensing Model Experience Requirements / Exams Education Requirements Licensee Accountabilities & Responsibilities Property Management & Exemptions Advertising Restrictions (pending) Minimum Service Requirements Implementation (pending)
5	RCW 18.85 – Rewrite Task Force I. Licensing Model Agreed Upon 3 Licensed Categories - Firm, Managing Broker & Broker Firms designate one Managing Broker as “Designated Broker” with DOL Managing Broker can be designated as a “Designated Broker” for more than one Firm Higher level of supervision required for entry level Brokers (first 2 years)
6	RCW 18.85 – Rewrite Task Force II. Model Continued - Experience 1^st Broker License Requirements: No experience 60 hours fundamentals 30 hours practices Pass a state exam 1^st Broker Renewal 30 hours real estate law 30 hours of advance practices in specialty area 30 hours of continuing education 2 years experience
7	RCW 18.85 – Rewrite Task Force II. Model Continued - Experience Managing Broker License Requirements: 30 hours brokerage management 30 hours business management 30 advanced real estate law Pass state examination 3 years actively licensed as a broker
8	RCW 18.85 – Rewrite Task Force III. Education
9	RCW 18.85 – Rewrite Task Force IV. Model Continued - Accountabilities “Reasonable Skill and Care Standard” for Supervision & Licensee Accountability Multiple Locations of a single firm can be supervised by a Designated Broker Designated Brokers can appoint Managing Brokers to supervise Brokers, Trust Accounts & Record keeping in one or more locations.
10	RCW 18.85 – Rewrite Task Force Model Continued - Responsibilities Designated Brokers retain responsibility for firm procedures and practices Brokers must deliver transactions to the supervising Managing or Designated Broker
11	RCW 18.85 – Rewrite Task Force V. Property Management Model Agreed Property Management includes the following activities on behalf of a third party: Marketing Leasing/renting Physical/Administrative/Financial Maintenance Homeowner/Condominium or Community Associations Supervising all of the above Providing information on a residential unit for the purpose of leasing or renting for more than one year
12	RCW 18.85 – Rewrite Task Force Property Management Model Agreed License exemptions for property management: A natural person retained by a broker or owner who: Delivers or Receives a lease application or rental payments Executes a residential rental or lease agreement not to exceed one year Shows of a residential unit
13	RCW 18.85 – Rewrite Task Force Remaining Issues VI. Advertising Restrictions (Pending)
14	RCW 18.85 – Rewrite Task Force Remaining Issues VII. Minimum Broker Service Requirements Already exists in RCW 18.86.030 Duties of a Licensee
15	RCW 18.85 – Rewrite Task Force Remaining Issues Implementation (Pending) Transitioning of existing licensees to new license categories.
16	RCW 18.85 – Rewrite Task Force www.cbe.wsu.edu/~wcrer/1885taskforce/
17	RCW 18.85 – Rewrite Task Force Questions or Concerns should be addressed at the Washington Center for Real Estate Research web site. Contact person for Rewrite Task Force: Jana Jones, Real Estate Administrator 360-664-6526 or jajones@dol.wa.gov