CERTIFICATION OF ENROLLMENT

HOUSE BILL 1141

Chapter 185, Laws of 2005

59th Legislature
2005 Regular Session



REAL ESTATE RESEARCH ACCOUNT--EXTENSION



EFFECTIVE DATE: 7/24/05

Passed by the House March 4, 2005
  Yeas 96   Nays 0

FRANK CHOPP
________________________________________    
Speaker of the House of Representatives


Passed by the Senate April 12, 2005
  Yeas 44   Nays 0


BRAD OWEN
________________________________________    
President of the Senate
 
CERTIFICATE

I, Richard Nafziger, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1141 as passed by the House of Representatives and the Senate on the dates hereon set forth.


RICHARD NAFZIGER
________________________________________    
Chief Clerk
Approved April 26, 2005.








CHRISTINE GREGOIRE
________________________________________    
Governor of the State of Washington
 
FILED
April 26, 2005 - 2:13 p.m.







Secretary of State
State of Washington


_____________________________________________ 

HOUSE BILL 1141
_____________________________________________

Passed Legislature - 2005 Regular Session
State of Washington59th Legislature2005 Regular Session

By Representatives Conway, Tom, Wood, Buri, Miloscia, Condotta, Armstrong and Kenney

Read first time 01/17/2005.   Referred to Committee on Commerce & Labor.



     AN ACT Relating to the Washington real estate research account; amending RCW 18.85.520, 18.85.530, and 18.85.540; and providing expiration dates.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

Sec. 1   RCW 18.85.520 and 1999 c 192 s 1 are each amended to read as follows:
     (1) A fee of ten dollars is created and shall be assessed on each real estate broker, associate broker, and salesperson originally licensed after October 1, 1999, and upon each renewal of a license with an expiration date after October 1, 1999, including renewals of inactive licenses.
     (2) This section expires September 30, ((2005)) 2010.

Sec. 2   RCW 18.85.530 and 1999 c 192 s 2 are each amended to read as follows:
     (1) The Washington real estate research account is created in the state treasury. All receipts from the fee under RCW 18.85.520 shall be deposited into the account. Moneys in the account may be spent only after appropriation. Expenditures from the account may be used only for the purposes of RCW 18.85.540.
     (2) This section expires September 30, ((2005)) 2010.

Sec. 3   RCW 18.85.540 and 2002 c 294 s 5 are each amended to read as follows:
     (1) The purpose of a real estate research center in Washington state is to provide credible research, value-added information, education services, and project-oriented research to real estate licensees, real estate consumers, real estate service providers, institutional customers, public agencies, and communities in Washington state and the Pacific Northwest region. The center may:
     (a) Conduct studies and research on affordable housing and strategies to meet the affordable housing needs of the state;
     (b) Conduct studies in all areas directly or indirectly related to real estate and urban or rural economics and economically isolated communities;
     (c) Disseminate findings and results of real estate research conducted at or by the center or elsewhere, using a variety of dissemination media;
     (d) Supply research results and educational expertise to the Washington state real estate commission to support its regulatory functions, as requested;
     (e) Prepare information of interest to real estate consumers and make the information available to the general public, universities, or colleges, and appropriate state agencies;
     (f) Encourage economic growth and development within the state of Washington;
     (g) Support the professional development and continuing education of real estate licensees in Washington;
     (h) Study and recommend changes in state statutes relating to real estate; and
     (i) Develop a vacancy rate standard for low-income housing in the state.
     (2) The director shall establish a memorandum of understanding with an institution of higher learning that establishes a real estate research center for the purposes under subsection (1) of this section.
     (3) This section expires September 30, ((2005)) 2010.


         Passed by the House March 4, 2005.
         Passed by the Senate April 12, 2005.
         Approved by the Governor April 26, 2005.
         Filed in Office of Secretary of State April 26, 2005.