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AGO Opinions with Topic: TRUSTEE ACCOUNT
AGO 1954 No. 326 >  September 30, 1954
REAL ESTATE BROKERS - TRUSTEE ACCOUNT - COLLECTIONS
REAL ESTATE BROKERS ‑- TRUSTEE ACCOUNT ‑- COLLECTIONS All moneys received or collected by a real estate broker for a client are required to be kept in a special trust account.  Where a person acts only as a collection agency it is not necessary that he be licensed under the real estate laws of Washington.  Employees of real estate management firms and other individuals who engage in or who negotiate for rentals, leases, contracts, mortgages or any other interest described in RCW 18.85.010 (1) must be licensed in accordance with the real estate laws of the State of Washington.
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