United States Real Estate Investor

What Does the Washington Private Listings Bill Do? How the proposed Washington private listings bill changes marketing rules is by prohibiting brokers from promoting residential properties only to an exclusive group of buyers or other brokers. It would require concurrent marketing to the public and to all real estate brokers. The proposal includes a health or safety exception for situations where public marketing would threaten an owner or occupant. Private listing networks would be barred unless the same property is publicly advertised. The debate also arrives as regulators and consumers scrutinize alleged RESPA kickbacks and incentive structures that may steer referrals and limit comparison shopping. The bill amends RCW 18.86.031 and RCW 18.86.120 to harden disclosure and marketing duties. Violations would be treated as a breach under RCW 18.85.361, triggering Department of Licensing investigation and discipline. Buyer and seller pamphlets would be updated to explain the public ma...