PERMANENT RULES
Date of Adoption: January 8, 2002.
Purpose: Remove reference to a Spokane Department of Licensing office which no longer exists.
Citation of Existing Rules Affected by this Order: Amending WAC 308-124B-150.
Statutory Authority for Adoption: RCW 18.85.040(1).
Adopted under notice filed as WSR 01-23-003 on November 7, 2001.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 1, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making:
New 0,
Amended 1,
Repealed 0;
Pilot Rule Making:
New 0,
Amended 0,
Repealed 0;
or Other Alternative Rule Making:
New 0,
Amended 0,
Repealed 0.
Effective Date of Rule:
Thirty-one days after filing.
January 8, 2002
Alan E. Rathbun, Assistant Director
Business and Professions Division
OTS-5329.1
AMENDATORY SECTION(Amending WSR 99-03-042, filed 1/14/99,
effective 2/14/99)
WAC 308-124B-150
Office requirement for brokers actively
licensed in another jurisdiction.
The term "office" in RCW 18.85.180 for a broker actively licensed in another jurisdiction
in which the broker's headquarter office is located shall mean
the Washington location where trust account and transaction
records are maintained. Such records are required to be
maintained for three years. The trust account and transaction
records shall be open and accessible to representatives of the
department of licensing. The parties to the transaction shall
have access to the transaction records prepared or retained for
the requesting party.
A broker actively licensed in another jurisdiction seeking licensure in Washington, whose headquarter office is located in that other jurisdiction, shall notify the department of the location address where the records are maintained in the state of Washington and shall include this address with the headquarter's address on the license application.
The Washington license shall be posted at the location where the records are being maintained.
Within thirty days after mailing of the notice of audit, the
broker shall come to the department's office, after making an
appointment, in the geographic location (((Spokane,))
Seattle((,)) or Olympia) nearest to the location of the records
to sign the audit report.
[Statutory Authority: RCW 18.85.040 and the Governor's Executive Order on Regulatory Improvement 97-02. 99-03-042, § 308-124B-150, filed 1/14/99, effective 2/14/99. Statutory Authority: RCW 18.85.040. 88-06-039 (Order PM 711), § 308-124B-150, filed 3/1/88.]