[WSBARP] Excise on Assignments (458-61A-104) & Assignment of Sale Agreements By Only Licensed Brokers (RCW 18.85)?

[Rowley, Rob]

Any experience with DOR or DOL taking the position that real estate
investors who assign purchase contracts must be licensed real estate
brokers (RCW 18.85)?  I have seen a recent inquiry by DOL of one of my real
estate investor clients. Clients who are in the business of getting
property under contract and then assigning the buyer's interest for
consideration that is typically only paid at the time of closing on the
settlement statement.  One of the complaints was by a disgruntled local
licensed real estate broker who is a competitor.

Also, it has always been my understanding that under WAC 458-61A-104 as to
the assignment consideration the seller does not pay excise but the
purchaser does pay.

Wanting to know what is going on statewide (if any) on these issues.

Thank you and Merry Christmas.

-- 
Robert R. Rowley
*Attorney & Counselor At Law*
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