Broker Property Real Force In Washington
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WCRER aims 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.
Key Takeaways In Washington State, a real estate broker is a licensed professional who assists clients in buying, selling, and leasing properties. Unlike some states that use the term “agent,” Washington refers to these entry-level licensees as brokers.
In different states there are different names for Brokers. For example in Washington state, all real estate agents are Brokers, just like in Oregon, but the supervising Broker's license is called Managing Broker in Washington instead of Principal Broker in Oregon.
The average salary for a real estate salesperson or real estate agent is $87,390 per year . On average, a real estate broker makes $75,068 per year plus an additional $42,000 in commission. Both salaries can vary depending on geographic location, the housing market, experience and education level.
Key Takeaways Real estate agents are licensed to help people buy, sell, and rent real estate and must work for a sponsoring broker or brokerage firm. Brokers have additional training and licensing requirements and can work independently or hire other real estate agents to work for them.
A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal.
How to apply Be at least 18 years old. Have a high school diploma or equivalent. Complete 90 hours of approved real estate education including a 60-hour course in Real Estate Fundamentals and a 30-hour course in Real Estate Practices. Complete your education within 2 years before applying for the broker's exam.
How Hard Is the Washington Real Estate Exam? The exam can be challenging, but it is not something that should intimidate students. As of 2024, The Washington Real Estate Broker Exam pass rate is 71% on the national portion and 75% on the state portion. But don't be intimidated by those numbers.
File your complaint online at for faster processing. The Washington State Office of the Attorney General can only process complaints that involve either Washington state residents or businesses located in Washington state.
Washington State's Real Estate Commission is part of the State's Department of Licensing, which regulates the real estate licensing. Laws and Rules are found in Revised Code of Washington (RCW), Title 18, Chapter 18.85. The Washington Administrative Code (WAC).
