As you may recall, in 2019 the Department of Licensing (DOL) proposed a general real estate fee increase to take effect in the fall of 2020. Those increases were delayed in consideration of the COVID-19 pandemic. However, the DOL is resuming the effort to increase these fees in order to bring the Real Estate Account into good standing. In accordance with RCW 43.24.086, DOL is required to set real estate fees “at a sufficient level to defray the costs of administering that program.”
These fees have not been changed since 2010 and are insufficient to sustain the real estate program. The DOL has determined the proposed fee increases below are necessary to continue to provide the information technology systems, staffing levels, and other critical services needed to support licensees and maintain public safety. Below is a table that outlines the complete list of proposed fee increases for the real estate program and the amount these fees will be raised.
The DOL intends to have the new fees in place by late summer 2021.
If you have questions or would like to share any concerns, please email Ellis Starrett, Rules and Policy Manager, at firstname.lastname@example.org.