WAC 308-90-130. Consignment

How do I handle consignment sales? (1) All funds received from purchasers, including deposits, payments, or proceeds from the sale of trade-in vessels on a consignment sale, shall be placed in the vessel dealers trust account as required in RCW 88.02.220 , and those funds shall remain in such trust account until the consignor's and the legal owner's interest, if any, have been fully satisfied. (2) If the sale of a consigned vessel is a retail sale the vessel dealer is required to transfer title as required by RCW 88.02.125 .