Revisions to the Real Estate Agency Law (RCW 18.86)
take effect on January 1, 2024.
Join Lindsey as she reviews agency law changes, form changes related to agency law changes, and existing agency relationships and pending transactions as of January 1, 2024.
The revisions include requiring firms to enter into a brokerage services agreement with their buyer clients, changing the term “dual agent” to “limited dual agent,” requiring buyers and sellers to separately initial consent to an individual broker acting as a limited dual agent, requiring firms to disclose any compensation offered to the firm by another party or firm, and updating the Agency Law pamphlet for consumers.