The bill aims to prohibit real estate brokers from marketing residential properties exclusively to a limited group of prospective buyers or brokers unless the property is also marketed to the general public and all other brokers. This requirement is intended to ensure broader access to residential real estate listings, promoting fairness in the market. The bill includes a new section in chapter 18.86 RCW that explicitly states that brokers must market properties publicly, with exceptions only for health or safety reasons.

Additionally, the bill amends existing laws, specifically RCW 18.86.031 and RCW 18.86.120, to incorporate these new marketing requirements. It clarifies that violations of these provisions will be treated as violations of existing regulations concerning real estate practices. The amendments also emphasize the importance of providing clear and accessible information to buyers and sellers regarding their rights and the duties of brokers in real estate transactions.

Statutes affected:
Original bill: 18.86.031, 18.85.361, 49.60.222
Substitute bill: 18.86.031, 18.85.361
Bill as passed Legislature: 18.86.031, 18.85.361
Session law: 18.86.031, 18.85.361