Imagine you receive notice that your firm is about to be audited by the Department of Licensing. They ask for transaction folders, material correspondence, delegation agreements, assumed name licenses, and more. Are you ready? Is your office prepared to present the requested materials to the DOL? Are they readily accessible? Do you have processes in place to ensure your bases are covered in case DOL receives a complaint? This video series is a must-watch for all Designated Brokers!

We're back again this month with Bill Dutra and Cathy McDonald from the Department of Licensing. They'll be discussing transaction folders with #WRLegalHotline Lawyer Annie Fitzsimmons to explain what the Department of Licensing needs to see in brokerage transaction folders during an audit. This is the second of three DBrief Episodes specifically for Designated Brokers dedicated to DOL audits. Additional episodes with best practices tailored for your firm’s brokers will be released as Friday Video Updates over the next several weeks.

Episode Moderator:

Annie Fitzsimmons

Legal Hotline Lawyer

Washington REALTORS®

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

Think you know what the DOL is looking for in an audit? You might be surprised! Tune in to be prepared.

View past DBrief episodes and more… https://warealtor.org/dbrief

For more information on Washington REALTORS®, visit warealtor.org

DBrief is a Washington REALTOR® Member-only benefit. These videos are intended for Washington REALTOR® members.

Copyright © 2024 Washington REALTORS®. Please contact Washington REALTORS® (1-800-562-6024) before using this video outside of YouTube.”