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Which law governs real estate agency relationships in Washington State?

Washington State Real Estate License Act

Washington State Real Estate Brokerage Relationships Act

The Washington State Real Estate Brokerage Relationships Act is the governing law that specifically addresses the nature of agency relationships in real estate transactions within the state. This act outlines the duties and responsibilities of real estate brokers and agents, including how they must disclose their relationships with buyers and sellers, ensure the fiduciary duties they owe to their clients, and establish the different types of brokerage relationships that can exist.

This law is designed to protect consumers by ensuring that they understand the roles and obligations of their real estate agents, helping them make informed decisions in a property transaction. By clarifying these relationship dynamics, the act promotes transparency and professionalism within the industry.

While the Washington State Real Estate License Act establishes guidelines for the licensing of real estate professionals, and Washington State Contract Law governs agreements, it is the Brokerage Relationships Act that specifically details how agency relationships function, clarifying the interactions between agents and their clients. The Washington State Property Management Act pertains solely to property management, which does not encompass the broader scope of agency relationships in real estate transactions.

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Washington State Contract Law

Washington State Property Management Act

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