Washington Application For Franchise Broker License is the licensing process used by the Washington State Department of Financial Institutions (DFI) to regulate and ensure the safe and ethical operation of franchise brokers in the state. Franchise brokers facilitate the sale of franchises and assist buyers in selecting the right franchise for them. The two different types of Washington Application For Franchise Broker License are the Broker-Dealer License and the Business Opportunity Broker License. The Broker-Dealer License is needed for those who are engaged in the business of selling or offering for sale any franchise or business opportunity. The Business Opportunity Broker License is required for those who are involved in the sale or offering for sale of a business opportunity. To obtain a Washington Application For Franchise Broker License, applicants must submit an application, pay the applicable fees, and submit a surety bond. Applicants must also have a thorough knowledge of Washington's franchise and business opportunity laws, complete a pre-licensing course, and pass the state licensing exam. The license must be renewed each year and must be kept current to remain in good standing.