SSB 5191 — Reforming the real estate agency law.
Signed into law — Chapter 318, Laws of 2023
- Sponsor
- Stanford
- Introduced
- January 26, 2023
- Status
- C 318 L 23
- Last action
- Effective date 1/1/2024. (May 4, 2023)
What this bill does
Requires a written services agreement between a real estate firm and a buyer or seller. Requires disclosure of certain information relating to real estate brokerages, such as compensation terms. Provides that certain legal duties of real estate brokers apply to all parties to the transaction. Modifies the Washington State Real Estate Brokerage pamphlet to include changes to the law and improvements in readability.
From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗
Floor votes
- House — Final Passage as Amended by the House · April 11, 202397 yea · 0 nay · 1 not voting
- Senate — Final Passage as Amended by the House · April 14, 202346 yea · 0 nay · 3 not voting
- Senate — 3rd Reading & Final Passage · February 8, 202348 yea · 0 nay · 1 not voting
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- SSB 5210 — Concerning the best interest standard for annuity transactions.
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All 2023-24 Washington State bills →
Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗