In the spirit of Independence day, we decided to get a little more independent too. We have now completed setting up our new independent real estate brokerage firm – called Veritus Realty Group. Chuck is the managing broker.
The reason for setting up an independent brokerage is simple – we would like to continue to provide the same great service we always have to our friends and clients without the constraints of big brokerage procedures and overhead.
The Washington real estate license laws were recently changed (i.e. completely rewritten) to reflect more modern requirements and practices – including better provisions for real estate teams, more recognition of electronic communications, and updated titles of real estate practioners to better reflect what they do, instead of what they are. An ‘agent’ is still your agent, and has the same Law-of-Agency responsibilities, but what he or she actually does is ‘broker’ (person who serves as a trusted agent or intermediary in commercial negotiations or transactions) a transaction between home buyer and home seller.
So your agent is now called your real estate broker, and people like me who run the brokerage company or office are called designated brokers, or managing brokers. I’ll bet that was more than you wanted to know about all that, but it was worth mentioning 
