the offer must make a full, fair, complete and understandable explanation of the offer to the seller. Licensees shall not favor one offer over another or fail to present an offer or neglect to inform the seller of any potential offer known to the Licensee. The selling agent may be present at the presentation if the agent makes such a request and the seller approves. Client Funds Firm does not maintain separate trust accounts, separate and apart from Firm’s own funds. Any client funds received by Licensee to be held in trust in connection with any transaction shall be remitted immediately to the party identified in the transaction documents. A receipt obtained and provided to the parties to the transaction shall be uploaded in the Transaction File. Professional Misconduct All Licensees shall conduct themselves and their real estate activities in accordance with Washington law and pursuant to the highest ethical standards. Licensees shall not make or permit false or misleading statements with regard to any property or transaction or with regard to Licensee’s status or membership in a real estate association, or commit or participate in any concealment, conspiracy or other scheme, or otherwise engage in any other conduct that demonstrates bad faith, dishonesty, untrustworthiness, or incompetence. Licensees shall not convert any money or other property delivered to Licensee in trust or on condition to their own use or the use of any other unauthorized person in violation of such trust or condition. Licensees shall not accept anything other than cash or its equivalent as earnest money unless that fact is communicated to the owner prior to acceptance of the purchase offer. Licensees shall notify Firm and the real estate program manager of any criminal complaint and civil court verdict or judgment against Licensee within twenty (20) days after Licensee receives notice of the same. Advising Clients Licensees may explain to clients and customers the preprinted provisions of the standard listing, sales and other approved forms the client or customer is asked to sign. Licensees may also explain to customers or clients’ general legal matters involved in the purchase or sale of real property in Washington. Licensees shall not, however, give legal advice to clients or customers and must, instead, refer them to a lawyer for such advice. Licensees shall not themselves propose any contract language or advise clients on the legal effect of any particular clause or term. Licensees shall not suggest, draft or select any title documents, draft or recommend language for any easement, profit or other ancillary agreement between the buyer and seller. No Licensee shall draft or recommend language for any land sale contract, deed of trust, note, mortgage or other legal instrument.
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