Watershed changes in Washington State Real Estate Agency Law went into effect on January 1, 2024.  Evolution Real Estate responded to these changes with a bold initiative significantly reducing client fees. 

The Key Provision of the 2024 Washington Real Estate Law Revision

The revised statute essentially responds to each of the concerns outlined above. Previously,  real estate brokerage firms were required to enter into written agreements only with sellers. The Agency Law now requires firms to enter into a written “brokerage services agreement” with any party the firm represents, including buyers.

The service agreements must include 1.The term of the agreement; 2.The name of the broker appointed to be the buyer’s agent; 3. Whether the agency relationship is exclusive or non-exclusive; 4. Whether the buyer consents to the individual broker representing both the buyer and the seller in the same transaction (referred to as “limited dual agency”); 5. Whether the buyer consents to the broker’s designated broker/managing broker’s limited dual agency; 6. The amount the firm will be compensated and who will pay the compensation; 7. Any other agreements between the parties.

Other changes to the law provide additional consumer protections related to the duties owed by brokers to all parties in a transaction.

Timeless Principles guide Evolution Real Estate Company

At the 20-year mark in his Real Estate career, Rod Blackburn opened the Bremerton Real Estate Company. Responding to changes in the Real Estate Industry, he changed the name to Evolution Real Estate Company in 2024

We always put our clients' and customers' interests before our own. We acknowledge the limits of our expertise, and respect the skills and education of other professionals. We celebrate and work to promote fair housing laws. We strive to treat all with dignity and respect.

We'd love the opportunity to meet with you in order to help you achieve your real estate goals!