Wash. Admin. Code § 308-90-030 - Definitions
(1) "Firm" means a
person, partnership, association or corporation engaged in the business of
selling vessels at retail or wholesale in this state.
(2) "Display decal" means a vessel dealer
identifier designed and produced by the department which is used by Washington
registered vessel dealers.
(3)
"Identification card" is a card that may be issued by a firm identifying a
person as authorized to operate vessels for vessel dealer business.
(4) "Bona fide employee" is a person who
works for the firm and appears on the firm's employment records.
(5) "Consignment" means an arrangement
whereby a vessel dealer accepts entrustment of a vessel and agrees to sell the
vessel on behalf of another.
(6)
"Listing" means an arrangement whereby the seller will compensate the vessel
dealer to obtain a willing purchaser for the seller's vessel.
(7) "Broker" means a vessel dealer who
arranges the sale between the buyer and seller of a vessel and receives a form
of compensation.
Notes
Statutory Authority: 1987 c 149 § 1. 88-03-038 (Order DLR-162), § 308-90-030, filed 1/19/88. Statutory Authority: 1983 c 7. 83-14-061 (Order 722 DOL), § 308-90-030, filed 7/1/83.
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