The Washington State Department of Licensing has notified Kirkland, Washington-based FSBO startup Faira that the agency planned to serve the company with a cease-and-desist letter for conducting certain activities without a broker’s license, including negotiating funds in connection with transactions.
- Faira, an FSBO startup, has been charged with operating as an unlicensed brokerage by a Washington state regulator.
- The regulator has threatened to send a cease-and-desist order to Faira for alleged activities such as holding funds in connection with a transaction.
- Faira maintains that it follows all applicable licensing laws, noting that it holds a broker's license through a subsidiary.
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