Imagine you receive notice that your firm is about to be audited by the Department of Licensing. You might ask, “What’s that got to do with me? That’s an administrative issue.” It has A LOT to do with you! The procedures and maintenance of your transaction folder is imperative in ensuring your firm thrives through an audit and that you stay out of hot water. We invited Bill Dutra and Cathy McDonald from the Department of Licensing to speak with #WRLegalHotline Lawyer Annie Fitzsimmons to explain what the Department of Licensing specifically looks for during an audit, especially as it pertains to a fully, signed PSA, earnest money, advertising, and more.
In this second episode, the panel discusses Purchase and Sale Agreements, and how they can affect a DOL audit of your firm.
Stay tuned each Friday throughout July for a new episode!
Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)
Episode Guests:
Bill Dutra
Administrator
Business and Professions Division
Department of Licensing
Cathy McDonald
Audit Supervisor
Centralized Investigations & Audits Unit
Business and Professions Division
Department of Licensing
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For more information on Washington REALTORS®, visit warealtor.org
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Legal Hotline Video featuring Annie Fitzsimmons, Washington REALTORS® Legal Hotline Lawyer - The Legal Hotline is a Washington REALTOR®Member-only benefit. These videos are intended for Washington REALTOR® members. If you have questions and are a primary member in good standing with Washington REALTORS®, visit www.warealtor.org to contact the Legal Hotline Lawyer. You will need your NRDS ID and password to inquire with the Legal Hotline or search the database.
Copyright © 2023 Washington REALTORS®.
Please contact Washington REALTORS® (1-800-562-6024)
before using this video outside of RU-vid.
21 авг 2024
