(1) Persons with licenses deemed equivalent to
licenses held by Washington licensees, as determined by the
director, for a fee, commission, or other valuable consideration,
or in the expectation, or upon the promise of receiving or
collecting a fee, commission, or other valuable consideration,
may perform those acts that require a license under this chapter,
with respect to commercial real estate, provided that the
out-of-state licensee, as approved by the director, does all of
the following:
(a) Works in cooperation with a Washington real estate
designated broker who holds a valid, active managing broker
license issued under this chapter;
(b) Enters into a written agreement with the Washington
firm, through its designated broker, that includes the terms of
cooperation, oversight by the Washington designated broker,
compensation, and a statement that the approved out-of-state
licensee and its agents will agree to adhere to the laws of
Washington;
(c) Furnishes the Washington designated broker with a copy
of the out-of-state approved licensee's current license in good
standing from any jurisdiction where the out-of-state approved
licensee maintains an active real estate license;
(d) Consents to jurisdiction that legal actions arising out
of the conduct of the approved out-of-state licensee or its
agents may be commenced against the approved licensee in the
court of proper jurisdiction of any county in Washington where
the cause of action arises or where the plaintiff resides;
(e) Includes the name of the Washington broker, managing
broker, or firm on all advertising in accordance with RCW 18.85.361(8); and
(f) Deposits all documentation required by this section and
records and documents related to the transaction with the
Washington broker, managing broker, or firm for a period of three
years after the date the documentation is provided, or the
transaction occurred, as appropriate.
(2) A person licensed in a jurisdiction where there is no
legal distinction between a real estate broker license and a real
estate salesperson license must meet the requirements of
subsection (1) of this section before engaging in any activity
described in this section that requires a real estate broker
license in this state.
[2008 c 23 § 47; 2003 c 201 § 2. Formerly RCW 18.85.560.]