Revised Law of Agency Pamphlet
NWMLS, September 2013
Amendments to state laws affecting real estate brokerage relationships became effective on July 28. A revised Law of Agency Pamphlet is available on Xpress Forms found on the Northwest MLS website. Brokers are required to give the revised pamphlet to all new clients who are engaged on or after July 28.
The revisions, officially known as the Agency Reform Act (RCW 18.86), include two primary provisions:
- Clarify that brokers do not owe fiduciary duties to their clients; and
- Update the terminology in the statute and pamphlet to make it consistent with the license law.
Brokers are not required to provide a copy of the revised pamphlet to existing clients if they already provided a copy prior to the July 28 implementation date.
For more details and to review the revisions, click here.