Understand the legal and regulatory environment affecting real estate licensees in the State of Washington
2022 Real estate Law includes new Fair Housing content as required by the state of Washington.
When looking to understand the legal and regulatory environment affecting real estate licensees in the State of Washington, Washington Real Estate Law is perfect for you! Covering topics like contracts, discrimination, agency law, and more.
Plus, you'll learn how to navigate mandatory disclosures and closing issues. With this course under your belt, you'll be able to confidently and comfortably practice real estate in Washington. Enroll today and gain the confidence that comes with knowing you're always acting within the bounds of the law.
Upon completion of this section the student should be able to:
Describe the obligations to the client and other parties involved.
Demonstrate an understanding of what is meant by "unauthorized practice of law" by a licensee
Demonstrate an awareness of when a licensee should suggest that their client seek legal counsel.
This course follows the required Washington department of licensing curriculum and is meant to cover the laws and rules which govern real estate. In Washington, that means a complete knowledge of our Revised Codes of Washington (RCW's) and Washington Administrative Codes (WAC's). While the state requires all brokers who get their license for the first time to learn these same laws and rules, it is intended that brokers reacquaint themselves with the law after having the experience as a broker. Your perspective on many of the laws will certainly be different from when you first learned this prior to taking the state exam.
Washington state department of licensing rules and the laws the legislature puts in place are meant primarily to protect the public. This is an overriding theme you will see throughout the course and all of the state laws. It's important as a broker that you understand this goal since it will provide you with a good rule of thumb when you are in the field and may not remember a specific law or rule. You should always confirm your actions are lawful with your supervising managing broker, but acting in the public good is a great start.
A broker has a duty to his/her client and other parties involved. The distinction between a client and a customer has to do with responsibility and agency.
A licensee in relationship with a client must:
Be loyal
Demonstrate lawful obedience
Uphold confidentiality
Act in the client's best interest
Disclose all pertinent information
Provide a Law of Real Estate Agency Pamphlet
A licensee in a relationship with a customer and a client must:
Deal honestly and in good faith
Not be negligent and exercise reasonable skill and care
Account for all monies handled for others
Disclose all material facts
Present all offers
Don Sr. has been in the real estate business for over 40 years, working as a broker, running real estate offices, and developing property. He's the founder of Realestateschool.org and it's principal instructor. Don Sr. has a teaching degree from the University of Washington and has been teaching real estate for over 35 years.
