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Is it true that Washington State real estate laws require brokers to provide written disclosure of their commission rate?
True
False
Only for exclusive listings
Only for residential properties
The correct answer is: True
In Washington State, real estate laws mandate that brokers provide written disclosure of their commission rates. This requirement ensures transparency in real estate transactions, allowing clients to understand and agree upon the financial aspects of the services being provided. By disclosing the commission rate in writing, brokers protect both themselves and their clients from potential misunderstandings regarding compensation. This obligation applies broadly, ensuring that all parties involved are clear about the terms before any agreements are made, rather than limiting the requirement to specific types of listings or property categories. This practice fosters trust and accountability within the real estate market.