License as salesperson or broker-dealer prerequisite to suit for commission.

RCW 21.20.135
in effect
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No suit or action shall be brought for the collection of a commission for the sale of a security, as defined within this chapter without alleging and proving that the plaintiff was a duly licensed salesperson for an issuer or a broker-dealer, or exempt under the provisions of RCW 21.20.040 , or a duly licensed broker-dealer in this state or another state at the time the alleged cause of action arose. No suit or action shall be brought for the collection of a commission for the sale of a security, as defined within this chapter without alleging and proving that the plaintiff was a duly licensed salesperson for an issuer or a broker-dealer, or exempt under the provisions of RCW 21.20.040 , or a duly licensed broker-dealer in this state or another state at the time the alleged cause of action arose.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=21.20&full=trueFetched: 6/29/2026

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