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WAC 308-90-030

Definitions.

(1) "Firm" means a person, partnership, association or corporation engaged in the business of selling vessels at retail or wholesale in this state.
(2) "Display decal" means a vessel dealer identifier designed and produced by the department which is used by Washington registered vessel dealers.
(3) "Identification card" is a card that may be issued by a firm identifying a person as authorized to operate vessels for vessel dealer business.
(4) "Bona fide employee" is a person who works for the firm and appears on the firm's employment records.
(5) "Consignment" means an arrangement whereby a vessel dealer accepts entrustment of a vessel and agrees to sell the vessel on behalf of another.
(6) "Listing" means an arrangement whereby the seller will compensate the vessel dealer to obtain a willing purchaser for the seller's vessel.
(7) "Broker" means a vessel dealer who arranges the sale between the buyer and seller of a vessel and receives a form of compensation.
[Statutory Authority: 1987 c 149 § 1. WSR 88-03-038 (Order DLR-162), § 308-90-030, filed 1/19/88. Statutory Authority: 1983 c 7. WSR 83-14-061 (Order 722 DOL), § 308-90-030, filed 7/1/83.]
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