Statutes, codes, and regulations
Washington Administrative Code
Title 308 - Licensing, Department of (See also Titles 36, 98 and 196)Chapter 308-124E - Real estate-Trust account procedures
CLIENT FUNDS
Section 308-124E-100 - Delivery of client funds and negotiable instruments

Wash. Admin. Code § 308-124E-100

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Current through Register Vol. 24-23, December 1, 2024
Section 308-124E-100 - Delivery of client funds and negotiable instruments

All brokers and managing brokers will physically deliver all funds, moneys, negotiable instruments or items of value to the appropriate managing broker, branch manager or their designated broker within the shorter of the following:

(1) Two business days of the client's/customer's signature (business days are not Saturday, Sunday or other legal holidays as defined in RCW 1.16.050 ); or
(2) Sooner if the terms of the client/customer contract necessitate quicker delivery than two business days.

Wash. Admin. Code § 308-124E-100

Statutory Authority: RCW 18.85.041(1), (7), (12)(a), and 18.85.275. 10-20-100, § 308-124E-100, filed 9/30/10, effective 10/31/10. Statutory Authority: RCW 18.85.040 and 18.85.041. 10-06-078, § 308-124E-100, filed 3/1/10, effective 7/1/10.