WAC 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.