Bill > HB1552

This bill extends and modifies the existing fee on real estate broker licenses to support the Washington Center for Real Estate Research. Specifically, the bill increases the current fee from $10 to $20 for both original and renewed real estate broker and managing broker licenses. The fee will continue to be deposited into the Washington real estate research account, which funds a research center designed to provide valuable research, information, and educational services to real estate professionals, consumers, public agencies, and communities in Washington state and the Pacific Northwest. The research center's broad objectives include conducting studies on affordable housing, real estate economics, urban and rural economic trends, supporting professional development for real estate licensees, encouraging economic growth, and recommending potential changes to real estate statutes. The bill extends the expiration date of these provisions from September 30, 2025, to September 30, 2035, ensuring continued funding and operation of the research center for an additional decade. The fee increase and extension aim to maintain the center's ability to provide valuable research and support to the real estate industry and broader community.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=1552&Year=2025&Initiative=false