WASHINGTON STATE BROKER S EXAM TRIVIA/Washington Real Estate Practice/WA REAL ESTATE QUESTIONS AND ANSWERS/WA State exam/WA State Exam Prep Book- State questions:/WA Broker s License Mock Exam III/Washington Real Estate TrainAgents AMP Pre-License Mock Ex

In Washington, a person liscensed to act on behalf of a real estate brokerage is called a/an: - Answer- affiliated licensee When a licensee is terminated, the date of termination is the: - Answer- postmark date or the date the license is hand-delivered to the DOL J is selling real estate witho...

A broker who's licensed as a managing broker and who has an endorsement from the DOL to perform specific real estate is called - Answer- Designated Broker Explanation: A designated broker holds a managing brokers license thats endorsed by the DOL. A broker at this level manages the firm and may ...

What disciplinary action will occur if a Washington broker disregards a child support order? - Answer- License suspension When may a licensee receive compensation in Washington based on an appraisal result at or above a specific prearranged price? - Answer- It's illegal in all circumstances. ...

Excluding the the director of licensing, how many member are on the Washington State Real Estate Commission? - Answer- 6 The purpose of the Washington Real Estate Commission is to: a. Promote the public interest b. Set commission rates RE brokers are allowed to charge c. Protect private proper...

The owner of property located along a stream or river may have which type of water right? - Answer- Riparian Five people buy an investment property. They take title so that they each have equal ownership shares, and so that if one of them dies, his share will pass to his heirs. How did they take ...

A firm's satellite office at a new condominium does not need a managing broker on site if it is within how many miles of the nearest branch office? A) 20 B) 35 C) 40 D) 50 - Answer- B) 35 Feedback: Correct: State regulations allow a satellite sales office without a managing broker present i...

You are recording an accrued expense for your seller client, Sam Bosworth. This represents an item that Sam ____________________. - Answer- Has incurred but hasn't paid Because proper trust fund handling and record keeping is extremely important, the ________ conducts routine audits of real esta...

Jason is the designated broker for Stevenson Land and Homes in Yakima. The firm closes. What happens to Jason's license? It becomes inactive until he affiliates with another firm. Golden Years Realty elects to use closing and title companies to manage earnest money deposits. Jessica, a brok...

What is the minimum score required for passing the real estate broker's test? - Answer- You need a scaled score of 70% A purchaser signing a sales agreement for real property should be given his copy of the offer ____ - Answer- Immediately After a transaction has closed, the broker must___ - ...