washington real estate trainagents amp pre license
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Washington Real Estate TrainAgents
AMP Pre-License Mock Exams 300
QUESTIONS AND ANSWERS WITH
RATIONALE
Mock Exam 1 - CORRECT ANSWER
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 - CORRECT ANSWER B) 35
Feedback:
Correct: State regulations allow a satellite sales office without a managing broker present if is within 35
miles of the nearest branch office.
When a licensee is determined by the state to not be in compliance of court-ordered child support
payments, the Department of Licensing can:
A) suspend the licensee's license until current
B) revoke the licensee's license until current
C) notify the licensee's firm to withhold commissions
D) any of the above - CORRECT ANSWER A) suspend the licensee's license until current
Feedback:
Correct: Since the state issues a person's license, it has the authority to suspend that license if the
licensee is not meeting the court's order of child support.
,In order for a firm to terminate an affiliate's working relationship, the firm must:
A) both parties must concur and submit to the DOL in writing
B) either party can act unilaterally to terminate an affiliation
C) the designated broker must take action, but only with cause of the affiliate
D) the DOL must give permission for termination - CORRECT ANSWER B) either party can act
unilaterally to terminate an affiliation
Feedback:
Incorrect: Either the affiliate or the firm can unilaterally terminate an affiliation and notify the DOL of
their desire. Termination would be completed when the affiliated license is sent back to the DOL for
processing.
If a licensee does not renew their license for over a year, the license is:
A) cancelled and the person must start all over with getting a license
B) cancelled unless the continuing education requirement is met
C) inactive until renewed
D) suspended - CORRECT ANSWER A) cancelled and the person must start all over with getting a
license
Feedback:
Correct: A licensee is granted a 1 year grace period regarding their license. After 1 year, the license is
cancelled and the individual would have to start all over again with the requirements of licensing.
When a licensee terminates their affiliation with a firm, the designated broker must:
A) start termination procedures immediately
B) release all listing agreements owned by the license
C) both are correct
D) neither are correct - CORRECT ANSWER A) start termination procedures immediately
Feedback:
,Correct: The listings are owned by the firm and retained by the firm. The designated broker must start
the DOL termination procedures immediately.
When a brokerage firm is under investigation involving an affiliated licensee, the designated broker for
the firm must do all of the following EXCEPT:
A) respond to DOL request for records
B) allow investigators access to requested records
C) respond with a written statement when requested
D) respond to a court ordered subpoena even if the firm is not mentioned - CORRECT ANSWER D)
respond to a court ordered subpoena even if the firm is not mentioned
Feedback:
Correct: Direct requests of the firm/designated managing broker by the DOL must be accomplished.
Subpoenas not involving the firm do not require a response.
Property management records must be kept:
A) at the managed property location
B) with the firm's CPA
C) at the address where the firm is licensed
D) with the property owner's requested location - CORRECT ANSWER C) at the address where the firm
is licensed
Feedback:
Correct: All records for all licensees and firms must be kept at the address specified on the license.
When a client complains to the DOL about a serious material fact caused by a licensee, the licensee
could be subject to:
A) $5,000 fine
B) loss of the license
C) civil lawsuit of the client
D) all the above - CORRECT ANSWER D) all the above
, Feedback:
Correct: Depending on how serious the damage to the client was, all these penalties could be received
by the licensee.
The pamphlet on agency representation law must be provided:
A) to your client prior to signing an agreement
B) all parties prior to signing an agreement
C) given only to the seller prior to signing
D) prior to all commercial transactions - CORRECT ANSWER B) all parties prior to signing an agreement
Feedback:
Correct: When in contact with clients and customer, you must provide them with the agency pamphlet
provided by your firm. It is not required for commercial sales and transactions.
A licensee that is representing a firm as a broker is called a(n):
A) affiliated licensee
B) associate licensee
C) self-employed licensee
D) all are correct - CORRECT ANSWER A) affiliated licensee
Feedback:
Correct: A licensee practicing through a firm/designated managing broker is called an affiliated licensee.
The old term "associate" is no longer used.
The notice to a licensee to appear at a hearing called by the Director of the Department of Licensing
requires:
A) written notice to the licensee
B) 30 days' notice
C) both are correct
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