Franchise Act Policy Statement FPS-04

RE: Franchise Broker License Effective Period

Questions Presented:

RCW 19.100.240(4) provides that the initial registration fee for a franchise broker will be fifty dollars and twenty-five dollars for each annual renewal. What it the effective period of a Franchise Broker license to be used in determining the annual renewal date?

Conclusion

The Franchise Broker's License shall be effective for the calendar year and shall expire on the last day of the year.

Adopted January 1, 1991. As Amended October 23, 1991
Replaces Statement of Policy 83-50
Jack L. Beyers, Securities Administrator
Prepared by Martin Cordell, Securities Examiner