| Passed by the House February 18, 2010 Yeas 91 ________________________________________ Speaker of the House of Representatives Passed by the Senate March 5, 2010 Yeas 44 ________________________________________ President of the Senate | I, Barbara Baker, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 2697 as passed by the House of Representatives and the Senate on the dates hereon set forth. ________________________________________ Chief Clerk | |
| Approved ________________________________________ Governor of the State of Washington | Secretary of State State of Washington |
| State of Washington | 61st Legislature | 2010 Regular Session |
Read first time 01/12/10. Referred to Committee on Commerce & Labor.
AN ACT Relating to real estate broker licensure fees; amending RCW 18.85.451, 18.85.461, and 18.85.471; providing an effective date; and providing expiration dates.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 18.85.451 and 2008 c 23 s 45 are each amended to read
as follows:
(1) A fee of ten dollars is created and shall be assessed on each
real estate broker and managing broker 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, ((2010)) 2015.
Sec. 2 RCW 18.85.461 and 2008 c 23 s 46 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 18.85.451 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 18.85.471.
(2) This section expires September 30, ((2010)) 2015.
Sec. 3 RCW 18.85.471 and 2005 c 185 s 3 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, ((2010)) 2015.
NEW SECTION. Sec. 4 This act takes effect July 1, 2010.