PREPROPOSAL STATEMENT OF INQUIRY
Subject of Possible Rule Making: Chapters 308-124A through 308-124H WAC, real estate licensing, real estate consumer protection and real estate continuing education.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 18.85.041.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Clarify existing rules to assist education providers and licensees regarding education classes and scores, processes for transferring licenses, and use of company names. Clarify existing consumer protection rules regarding trust funds, maintenance of consumer transaction records, and notifications when closing a real estate firm. The language will also be updated to reflect language used in current practice. All proposed rule amendments are requested by industry or in response to legislation and meet exemption criteria outlined in Executive Order 10-06.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.
Process for Developing New Rule: The real estate commission uses a subcommittee to solicit stakeholder input, as the director must have the advice and approval of [the] real estate commission to create rules.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Jerry McDonald, Administrator, P.O. Box 2445, Olympia, WA 98507, (360) 664-6525, e-mail email@example.com.
March 28, 2013