WSR 03-02-002



[ Filed December 19, 2002, 2:35 p.m. ]

Subject of Possible Rule Making: Will amend WAC 308-124C-020, 308-124C-030, and 308-124B-150.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 18.84.040 (1) and (3).

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: To allow for real estate licensees from other jurisdictions, who obtain their Washington real estate license through a license recognition agreement with Washington, to maintain Washington real estate transaction records in their out-of-state jurisdiction and with the out-of-state broker to whom they are licensed. That broker shall be responsible for those records and the records shall be subject to the record-keeping and inspection requirements as with any Washington real estate transaction records and the record-keeping requirements of that broker's jurisdiction.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.

Process for Developing New Rule: Negotiated rule making ; and agency study.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Jana L. Jones, Real Estate Program, Department of Licensing, P.O. Box 9015, Olympia, WA 98507-9015, phone (360) 664-6524, fax (360) 586-0998.

December 19, 2002

Jana L. Jones

Assistant Administrator

Washington State Code Reviser's Office