If a licensee is named as a defendant in a civil suit, how soon must they notify the Real Estate Program Manager after learning of a verdict against them?

Get ready for the Washington State Managing Broker Exam. Study with multiple choice questions and detailed explanations. Prepare confidently with updated resources!

A licensee must notify the Real Estate Program Manager within 20 days after learning of a verdict against them in a civil suit. This requirement emphasizes the importance of timely communication with regulatory authorities in the real estate profession. The 20-day notification period provides the Real Estate Program with the opportunity to assess the implications of the verdict on the licensee's ability to practice and to determine if further action is necessary to ensure compliance with state regulations. This timely notification is essential for maintaining transparency and accountability within the profession, ensuring that the agency can act promptly if there are any concerns regarding the licensee's conduct or fitness to practice. Other options do not align with the regulatory requirements set forth by the Washington State Real Estate Commission regarding the timeline for such notifications.

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