Shown verbatim: the complete text as captured from the official page posted by the Washington Legislature, fetched 2026-08-29. This is the chaptered version. The official bill page.
CERTIFICATION OF ENROLLMENT HOUSE BILL 1552 Chapter 362, Laws of 2025 69TH LEGISLATURE 2025 REGULAR SESSION REAL ESTATE—BROKER LICENSE FEE EFFECTIVE DATE: July 27, 2025 Passed by the House April 19, 2025 Yeas 82 Nays 13 LAURIE JINKINS Speaker of the House of Representatives Passed by the Senate April 26, 2025 Yeas 28 Nays 18 DENNY HECK President of the Senate CERTIFICATE I, Bernard Dean, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1552 as passed by the House of Representatives and the Senate on the dates hereon set forth. BERNARD DEAN Chief Clerk Chief Clerk Approved May 19, 2025 3:02 PM FILED May 20, 2025 BOB FERGUSON Governor of the State of Washington Secretary of State State of Washington HOUSE BILL 1552 Passed Legislature - 2025 Regular Session State of Washington 69th Legislature 2025 Regular Session By Representatives Peterson, Low, Reed, Ormsby, and Hill Read first time 01/23/25. Referred to Committee on Appropriations. AN ACT Relating to extending the fee on real estate broker licenses to fund the Washington center for real estate research and adjusting the fee to account for inflation; amending RCW 18.85.451, 18.85.461, and 18.85.471; and providing expiration dates. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON: Sec. 1. RCW 18.85.451 and 2015 c 175 s 1 are each amended to read as follows: (1) A fee of ((ten ))20 dollars is created and shall be assessed on each real estate broker and managing broker's original license and upon each renewal of a license with an expiration date after October 1, 1999, including renewals of inactive licenses. (2) This section expires September 30, ((2025 ))2035 . Sec. 2. RCW 18.85.461 and 2016 sp.s. c 36 s 915 are each amended to read as follows: (1) The Washington real estate research account is created in the state treasury. All receipts from the fee under RCW 18.85.451 shall be deposited into the account. Moneys in the account may be spent only after appropriation. Expenditures from the account may be used only for the purposes of RCW 18.85.471. (2) ((During the 2015-2017 fiscal biennium, the legislature may transfer moneys from the real estate research account to the state general fund such amounts as reflect the excess fund balance of the account. (3) )) This section expires September 30, ((2025 ))2035 . Sec. 3. RCW 18.85.471 and 2015 c 175 s 3 are each amended to read as follows: (1) The purpose of a real estate research center in Washington state is to provide credible research, value-added information, education services, and project-oriented research to real estate licensees, real estate consumers, real estate service providers, institutional customers, public agencies, and communities in Washington state and the Pacific Northwest region. The center may: (a) Conduct studies and research on affordable housing and strategies to meet the affordable housing needs of the state; (b) Conduct studies in all areas directly or indirectly related to real estate and urban or rural economics and economically isolated communities; (c) Disseminate findings and results of real estate research conducted at or by the center or elsewhere, using a variety of dissemination media; (d) Supply research results and educational expertise to the Washington state real estate commission to support its regulatory functions, as requested; (e) Prepare information of interest to real estate consumers and make the information available to the general public, universities, or colleges, and appropriate state agencies; (f) Encourage economic growth and development within the state of Washington; (g) Support the professional development and continuing education of real estate licensees in Washington; (h) Study and recommend changes in state statutes relating to real estate; and (i) Develop a vacancy rate standard for low-income housing in the state. (2) The director shall establish a memorandum of understanding with an institution of higher learning that establishes a real estate research center for the purposes under subsection (1) of this section. (3) This section expires September 30, ((2025 ))2035 . Passed by the House April 19, 2025. Passed by the Senate April 26, 2025. Approved by the Governor May 19, 2025. Filed in Office of Secretary of State May 20, 2025.
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