The bill amends existing laws regarding the fees associated with real estate broker licenses in Washington State. Specifically, it increases the fee from ten dollars to twenty dollars for both original licenses and renewals, effective for licenses expiring after October 1, 1999. Additionally, the expiration date for the fee and related provisions has been extended from September 30, 2025, to September 30, 2035.

Furthermore, the bill modifies the Washington real estate research account, which receives the fees collected from real estate licenses. It removes the provision that allowed the legislature to transfer excess funds from this account to the state general fund during the 2015-2017 fiscal biennium. The purpose of the real estate research center is also outlined, emphasizing its role in providing research, education, and support for real estate professionals and consumers in Washington State and the Pacific Northwest. The expiration date for this section has also been extended to September 30, 2035.

Statutes affected:
Original Bill: 18.85.451, 18.85.461, 18.85.471
Bill as Passed Legislature: 18.85.451, 18.85.461, 18.85.471
Session Law: 18.85.451, 18.85.461, 18.85.471