Resources and publications: Real estate brokers

Find resources for real estate brokers and managing brokers.

User guides

These guides include step-by-step instructions to help you get, renew, or update your license.

Professional license guides

Business license guides

Real estate school statistics

These documents show the pass rates for Washington real estate schools.

Candidate handbook

The Candidate Handbook includes general information on the exam and testing process.



Reports and studies

Law and policy changes

See relevant law and policy changes for brokers in Washington.

Responsibility to get signatures on purchase and sale agreements

Licensed real estate agents are the only people allowed to get signatures on a purchase and sale agreement. If a real estate agent asks an escrow agent to get signatures, they are encouraging unlicensed real estate practices unless the escrow agent is also a licensed broker.

An escrow officer must follow the instructions of the buyer and seller according to the negotiated purchase and sale agreement. When someone asks escrow officers to get documents signed for the purchase and sale agreement, they are engaging in unlicensed real estate activity and are no longer a neutral party.

Real estate licensees should provide escrow agents with signed documents. When changes are needed, it's a real estate licensee's responsibility to provide signed documents.

Policy on broker price opinions

Many licensees have asked us about giving broker price opinions and getting paid for them. A broker's price opinion or comparative market analysis (CMA) is any oral or written report of a property value.

According to RCW 18.140.010(4), you must be licensed under RCW 18.85 to give broker price opinions. It's a violation of RCW 18.85.230(19) for you to receive a commission, compensation, or any form of valuable consideration from anyone except the licensed real estate broker with whom you are licensed.

Earnest money delivery requirements

All earnest money funds must be deposited into the broker's trust bank account no later than the next banking day unless the purchase and sale agreement states the check will be held for a specific period of time or until a specific event happens. The broker is responsible for delivering the funds to escrow.

Audits of broker transactions still show that many firms don't comply with these requirements, and we continue to receive complaints from sellers when transactions fail because of this.

In addition to being a licensing problem, it may also be considered a failure to disclose if you don't tell the seller that you never collected or delivered the earnest money.

Related information

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