61st Legislature
2010 Regular Session

Passed by the House February 18, 2010
  Yeas 91   Nays 0

Speaker of the House of Representatives

Passed by the Senate March 5, 2010
  Yeas 44   Nays 4

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

Governor of the State of Washington

Secretary of State
State of Washington



Passed Legislature - 2010 Regular Session
State of Washington61st Legislature2010 Regular Session

By Representatives Conway and Condotta

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.


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.

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