(1) It is unlawful for any franchise broker to offer to sell or sell a franchise in this state unless the franchise broker is registered under this chapter. It is unlawful for any franchisor, subfranchisor, or franchisee to employ a franchise broker unless the franchise broker is registered.

Terms Used In Washington Code 19.100.140

  • Conviction: A judgement of guilt against a criminal defendant.
  • Director: means the director of financial institutions. See Washington Code 19.100.010
  • Franchise: means :
Washington Code 19.100.010
  • Franchise broker: means a person who directly or indirectly engages in the business of the offer or sale of franchises. See Washington Code 19.100.010
  • Franchisee: means a person to whom a franchise is offered or granted. See Washington Code 19.100.010
  • Franchisor: means a person who grants a franchise to another person. See Washington Code 19.100.010
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • offer to sell: includes every attempt or offer to dispose of or solicitation of an offer to buy a franchise or an interest in a franchise. See Washington Code 19.100.010
  • sell: includes every contract of sale, contract to sell, or disposition of a franchise. See Washington Code 19.100.010
  • Service of process: The service of writs or summonses to the appropriate party.
  • Subfranchisor: means a person to whom a subfranchise is granted. See Washington Code 19.100.010
  • (2) The franchise broker shall apply for registration by filing with the director an application together with a consent to service of process in such form as the director shall prescribe and payment of the fee prescribed in RCW 19.100.240.
    (3) The application shall contain whatever information the director requires concerning such matters as:
    (a) The applicant’s form and place of organization.
    (b) The applicant’s proposed method of doing business.
    (c) The qualifications and business history of the applicant.
    (d) Any injunction or administrative order or conviction of a misdemeanor involving a security or any aspect of the securities business and any conviction of a felony; and
    (e) The applicant’s financial condition and history.