When you're a wholesaler and a licensed broker question

[Account Closed]

Does anyone know if there are any additional disclosures or rules to follow in you're assigning a Purchase and Sale Agreement (as a broker) other than disclosing that you're a broker?  To keep it simple, let's assume there seller is not a distressed seller.  

I've had quite a few brokers tell me that I couldn't assign a PSA now that I'm licensed and that everything has to go through my brokerage.  I don't think this is correct because I know brokers that are also wholesalers, by my response of "well I know people who do it" isn't a strong argument.  

Does anyone know what RCW's or regulations I could use to double check my assumption and also help educate those that think this is wrong?  

Thanks!

[Jan Wanot]

@Account Closed I poked around on the web a bit and found the same thing as Alex. Most importantly, you'll want to separate your retail broker transactions from wholesale activity by acting with transparency and spelling out the potential to assign in contracts. 

Here is another thread with some discussion and opinions on both ends: https://www.biggerpockets.com/forums/93/topics/77001-can-a-licensed-real-estate-agent-wholesale-property

I'm not a broker and don't know what set of regulations they abide by, but I'd also love to see someone quote the specific guide/rulebook providing us direct reference on any articles that would allow or prevent executing retail and wholesale transactions. 

I can't imagine this would be defined by the Revised Code of Washington but I've been surprised before!