HB 2512 — Real estate/exclusive market

Summary

Prohibiting real estate brokers from marketing residential properties to an exclusive group of prospective buyers or real estate brokers.

Bill Text

Compared against the Revised Code of Washington as published AI-generated reading aid — verify against the official bill.

This bill amends 3 section(s) of the Revised Code of Washington: RCW 18.86.030; RCW 18.86.120; RCW 49.60.222.

• RCW 18.86.030

  .86.03 s 4 are each amended to either or section 1 of this act

  amended

• RCW 18.86.120

  Real Estate Brokerage in Washington Introduction Licensing and Supervision of Brokers Agency Relationship Written Services Agreement (1) The term (duration) of the (2) Name of the broker(s) ap principal; (3) Whether the agency relati allow the principal to enter into firm during the term) or nonexclu enter into an agency relationshi time); (4) Whether the principal cons (5) The terms of compensation; (6) In an agreement with a b show a property when there is no firm to pay compensation to the br (7) Any other agreements betwe A Broker's Duties to All Parties A broker owes the following duties (1) To exercise reasonable ski (2) To deal honestly and in go (3) To timely present all wr other written communications to an (4) To disclose all existing and not apparent or readily ascert includes information that substan of the property or a party's abil transaction, or operates to mater of the transaction. However, a investigate matters that the broke (5) To account in a timely received from or on behalf of eith (6) To provide this pamphlet renders real estate brokerage s party; (7) To disclose in writing who (8) To disclose in writing any party or a real estate firm to another party. Property Must Be Marketed Publicly Brokers who represent a seller must market residential property to all members of the public and all other brokers and may not market the property to an exclusive group of buyers or brokers only, unless the health or safety of the owner or occupant requires. A Broker's Duties to the Buyer or Seller Limited Dual Agent Duties Compensation Short Sales

  amended

• RCW 49.60.222

  (4) (5) (6) (7) → (3) It is an unfair practice for a real estate licensee to market the sale or lease of residential real estate to a limited or exclusive group of prospective buyers, prospective tenants, or real estate licensees, or any combination thereof, unless the real estate is concurrently marketed to the general public and all other real estate licensees, except as reasonably necessary to protect the health or safety of the owner or occupant. (4) N ith an fai iva edu enc o o t h ing of ital (5) ect sh cat s, d bili ect af rds nd ing e r fet or an 59.2 ist wi g i this l, te, nts rmit (6) all t ing r ent ues cti on s ion pr ces (7) l r )(1 hro 19 P. (8) --- END ---

  amended

Action History

1. January 15, 2026

   First reading, referred to Consumer Protection & Business.

Sponsors

• (Peterson) · Primary

Subjects