Can I share an office with another business?
(1) You may conduct your business in a licensed location in which other persons are engaged in business.
(2) If you originate residential mortgage loans, you must comply with RESPA (12 C.F.R. 1024.14, including the required disclosures and prohibitions on referral fees if:
(a) The licensee has effective control over the person sharing space; or
(b) The person sharing space has effective control over the licensee; or
(c) The licensee and the person sharing space are under common control by a third person; or
(d) The licensee is a corporation related to another corporation as parent to subsidiary and one refers business incident to or a part of a real estate settlement service to the other.
[Statutory Authority: RCW 43.320.040
. WSR 12-18-047, § 208-620-400, filed 8/29/12, effective 11/1/12. Statutory Authority: RCW 43.320.040
. WSR 08-15-125, § 208-620-400, filed 7/22/08, effective 8/22/08. Statutory Authority: RCW 31.04.165
, and 31.04.175
. WSR 06-04-053, § 208-620-400, filed 1/27/06, effective 2/27/06.]