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Kaitlin, you are most welcome.  Yours truly, Doug Owens<br class="">
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<div class="">On Dec 19, 2019, at 11:41 AM, Kaitlyn Jackson <<a href="mailto:kaitlyn@dimensionlaw.com" class="">kaitlyn@dimensionlaw.com</a>> wrote:</div>
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<div dir="ltr" class="">Interesting information. Thanks for that! 
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<div class="">Kaitlyn</div>
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<div dir="ltr" class="gmail_attr">On Thu, Dec 19, 2019 at 11:36 AM Doug Owens <<a href="mailto:dougowens@seattlerelawyer.com" class="">dougowens@seattlerelawyer.com</a>> wrote:<br class="">
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<div style="overflow-wrap: break-word;" class="">Dear Rob, about nine years ago the DOL put out “guidance” on this point and it has been of concern to real estate investors since then.  I disagree with the department because a licensed broker is not a party
 to the underlying transaction but the buyer who assigns his or her contract to someone else is.  This is the guidance that the DOL put out which I understand will not go to the listserv.  Yours truly, Doug Owens<br class="">
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<div class="">On Dec 19, 2019, at 10:46 AM, Rowley, Rob <<a href="mailto:rob@rowleylegal.com" target="_blank" class="">rob@rowleylegal.com</a>> wrote:</div>
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<div style="font-family:tahoma,sans-serif;font-size:small" class="">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.</div>
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<div style="font-family:tahoma,sans-serif;font-size:small" class="">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.</div>
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<div style="font-family:tahoma,sans-serif;font-size:small" class="">Wanting to know what is going on statewide (if any) on these issues.<br class="">
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<div style="font-family:tahoma,sans-serif;font-size:small" class="">Thank you and Merry Christmas.</div>
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Robert R. Rowley</td>
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<i class="">Attorney & Counselor At Law</i></td>
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p:</td>
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509.252.5074  <span style="color:rgb(247,117,31)" class="">m: </span>509.994.1143</td>
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f:</td>
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509.928.3084</td>
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a:</td>
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7 S Howard St, Ste 218, Spokane, WA 99201</td>
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w:</td>
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<a href="http://rowleylegal.com/" style="color:rgb(29,161,219);text-decoration:none;font-size:16px" target="_blank" class="">rowleylegal.com</a>  <span style="color:rgb(247,117,31)" class="">e: </span><a href="mailto:rob@rowleylegal.com" style="color:rgb(29,161,219);text-decoration:none;font-size:16px" target="_blank" class="">rob@rowleylegal.com</a></td>
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<font size="4" class="">R. J</font><font size="2" class="">ackson</font></font></font></span></font><span class="">
</span>|<font color="#888888" class=""><span class=""> </span></font><span style="font-family:tahoma,sans-serif" class=""><font size="1" class=""><font size="4" class="">A</font><font size="2" class="">ttorney</font></font></span><font size="1" class=""><span class=""></span></font>|<font size="4" class=""><span class=""> </span><span style="font-family:tahoma,sans-serif" class="">D</span></font><font size="1" class="">IMENSION</font><span class=""> </span><span style="font-family:tahoma,sans-serif" class=""><font size="4" class="">L</font></span><font size="1" color="#888888" class="">AW</font><font size="4" class=""><span class=""> </span><span style="font-family:tahoma,sans-serif" class="">G</span></font><font size="1" color="#888888" class="">ROUP</font><span style="font-family:tahoma,sans-serif" class=""><font size="4" class=""><span class=""> </span><font size="4" color="#888888" class="">P</font></font></span><font size="1" class="">LLC </font></span></span><span style="color:rgb(31,73,125);font-size:13px" class=""></span></font><br style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px;font-style:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;background-color:rgb(255,255,255)" class="">
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