Extends the fee on real estate broker licenses to fund the Washington Center for Real Estate Research and adjusts the fee for inflation.
The bill extends the fee on real estate broker licenses to continue funding the Washington Center for Real Estate Research. The fee, which is assessed on each real estate broker and managing broker's original license and renewals, has been adjusted to account for inflation. The center provides research, education services, and project-oriented research to real estate licensees, consumers, and public agencies. It also supports the professional development of real estate licensees and studies affordable housing and economic growth. The fee and the center's funding expire on September 30, 2035.
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