Holding a Managing Broker’s License in Washington State

Experienced real estate broker Chad Link founded the brokerage firm Elite Properties (EliteProperties360.com) in Lacey, Washington, where he also serves as the managing broker. He takes care of the operations of the office, including recruitment, training, and mentoring of real estate brokers. Chad Link holds a Washington Real Estate Managing Broker’s License.

Under the rules of the Washington State Department of Licensing, two types of real estate licenses are issued in Washington: the broker's license and the managing broker's license. The broker's license is issued to individuals who have completed the required pre-licensing class and have successfully passed the broker licensure exam.

The managing broker's license is given to real estate brokers who demonstrate a higher knowledge base and have complied with the requirements of the managing broker's license, including three years of related work experience, completion of three 30-clock-hour classes, and passing of the managing broker’s exam.

Only those who hold the managing broker's license can become a designated broker. A designated broker owns a sole proprietorship real estate brokerage firm or a significant interest in a partnership in a real estate brokerage firm.