New Licensing Law Rules... Spent yesterday morning at the Master Builders Association in Bellevue for a invitation only, informational workgroup of 50 Designated Brokers and Managing Brokers hosted by the Realtor organization.  THE TOPIC:  How the recently enacted Washington State Licensing Law for the Real Estate industry affects Designated Brokers, Managing Brokers, and Branch Managers for firms in Washington State.  Guest speakers were Chris Osborn, Atty. - Foster/Pepper, Moderator; Jeff Coop, Atty. with Stokes/Lawrence; Annie Fitzsimmons, the Legal Hotline Attorney for the Washington REALTORS®; and last but not least, the ubiquitous Cindy White, acclaimed Washington REALTORS® educator.  It was a great session and I'm confident that the steps we are taking with our firm are at the leading edge of full compliance with licensing laws here in Washington.  Lots of discussion regarding "Teams", "Baby Brokers" (Brokers licensed for the first time post July 1, 2010), and receipt of Real Estate Services agreements / documents as to liability and legal requirements.  I think the biggest "shocker" for some of the brokers in attendance was their understanding of the definition of what comprises a "Team" and the new requirements that a delegated Managing Broker leads the team, how the Team uses their "assumed name/dba" in conjunction with the firm�s legal name and firm�s dba, and whether the current situations they enjoy are actually in compliance with the new law!  Ah well... the beauty of education.  I'm sure the learning curve won't be too steep!

   "I got a brand new set of rules
   It's just like I was back in school
   I got a brand new set of rules
   I got to learn"