S-785                 _______________________________________________

                                                   SENATE BILL NO. 5486

                        _______________________________________________

State of Washington                               51st Legislature                              1989 Regular Session

By Senators McCaslin, DeJarnatt, Thorsness and Johnson

Read first time 1/26/89 and referred to Committee on   Economic Development & Labor.

AN ACT Relating to licenses for real estate brokers and salespersons; amending RCW 18.85.140; and providing an effective date.

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

        Sec. 1.  Section 2, chapter 25, Laws of 1979 as amended by section 5, chapter 332, Laws of 1987 and RCW 18.85.140 are each amended to read as follows:

          Before receiving his or her license every real estate broker, every associate real estate broker, and every real estate salesperson must pay a license fee as prescribed by the director by rule.  Every license issued under the provisions of this chapter expires on the applicant's second birthday following issuance of the license ((which date will henceforth be the renewal date)).  Licenses issued to partnerships expire on a date prescribed by the director by rule((, which date will henceforth be their renewal date)).  Licenses issued to corporations expire on a date prescribed by the director by rule, ((which date will henceforth be their renewal date,)) except that if the corporation registration or certificate of authority filed with the secretary of state expires, the real estate broker's license issued to the corporation shall expire on that date.  Licenses must be renewed every two years on or before the ((renewal)) date ((an annual)) established under this section and a biennial renewal license fee as prescribed by the director by rule must be paid.

          If the application for a renewal license is not received by the director on or before the renewal date, a penalty fee as prescribed by the director by rule shall be paid.  Acceptance by the director of an application for renewal after the renewal date shall not be a waiver of the delinquency.

          The license of any person whose license renewal fee is not received within one year from the date of expiration shall be canceled.  This person may obtain a new license by satisfying the procedures and qualifications for initial licensing, including the successful completion of any applicable examinations.

          The director shall issue to each active licensee a license and a pocket identification card in such form and size as he or she shall prescribe.

NEW SECTION. Sec. 2.     This act shall take effect January 1, 1991.