Early Session Wins for REALTORS® in Olympia
Real Estate Agency Law Reforms
Washington State’s real estate agency law, Chapter 18.86 RCW, has not been updated since its adoption in the 1990s. Existing law does not require certain basic consumer protections, and does not reflect modern industry best practices. This legislation will both protect consumers and avoid litigation seen in other states. Read the backround on these reforms here.
SB 5191 was unanimously passed off of the floor of the Senate yesterday, and is headed to the House. HB 1284 (the exact same bill, just in the State House) passed unanimously out of committee and is sitting in House Rules. WR wants to keep that version moving along as well.
Exempting Leasebacks from the LLTA
This bill, which 1) exempts leasebacks that have a written agreement, 2) are no longer than three months and 3) where the seller is represented by a real estate broker or an attorney, is also moving quickly.
HB 1070 was the second bill voted off of the House Floor this session and passed unanimously. It has already had a hearing in the Senate and we are optimistic about its passage. Shout out to Rep. April Connors (R-8), a REALTOR® and Legislator who is the Prime Sponsor of this bill.
Housing Inventory Bills
Housing Inventory BillsWashington REALTORS® has asked the Legislature to step up and pass large reforms to help create more housing inventory in Washington. To date we have seen good progress on permit reform and streamlining, lot splitting, the option to build duplexes and triplexes in single family neighborhoods, and allowing/making it easier to build Detached Accessory Dwelling Units in both Urban and Rural Areas.
We are optimistic that the 2023 Legislative Session will be one where Housing Policy is the number one issue that Legislators tackle BUT we have to keep the pressure on. Fill out the petition and show your support at WelcomeHomeWAHousing.com.
Watch the Housing Supply Issues Press Conference