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