2005 Washington Revised Code RCW 18.86.020: Agency relationship.
(1) A licensee who performs real estate brokerage services for a buyer is a buyer's agent unless the:
(a) Licensee has entered into a written agency agreement with the seller, in which case the licensee is a seller's agent;
(b) Licensee has entered into a subagency agreement with the seller's agent, in which case the licensee is a seller's agent;
(c) Licensee has entered into a written agency agreement with both parties, in which case the licensee is a dual agent;
(d) Licensee is the seller or one of the sellers; or
(e) Parties agree otherwise in writing after the licensee has complied with RCW
18.86.030(1)(f).
(2) In a transaction in which different licensees affiliated with the same broker represent different parties, the broker is a dual agent, and must obtain the written consent of both parties as required under RCW
18.86.060. In such a case, each licensee shall solely represent the party with whom the licensee has an agency relationship, unless all parties agree in writing that both licensees are dual agents.
(3) A licensee may work with a party in separate transactions pursuant to different relationships, including, but not limited to, representing a party in one transaction and at the same time not representing that party in a different transaction involving that party, if the licensee complies with this chapter in establishing the relationships for each transaction.
[1997 c 217 § 1; 1996 c 179 § 2.]
| Effective date -- 1997 c 217 §§ 1-6 and 8: "Sections 1 through 6 and 8 of this act are necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and take effect immediately [April 25, 1997]." [1997 c 217 § 9.]
Real estate agency pamphlet -- 1997 c 217 §§ 1-6: See note following RCW 18.86.120.
|
Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.