Exam (elaborations)
Washington State Specific Real Estate Exam Questions and Answers
- Course
- Institution
Washington State Specific Real Estate Exam
[Show more]
Content preview
Washington State Specific Real EstateExam
Qualifications for wa state real estate commission - answer5 years of experience
performing real estate brokerage services in this state or 3 years’ experience in
investigative work of a similar nature, preferably in relation to the administration of real
estate license law in Washington or elsewhere.
Who appoints the real estate commission seats? - answerThe governor must appoint 6
commission members for a term of 6 years each. At least two will be selected from the
area east of the cascade mountains and two from the west.
How often does the commission meet per year? - answer4 times a year or at the call of
the director
Can director and their employees have an active license while employed by the
department? - answerNo, while employed with the department the director and
employees who administer, regulate or enforce real estate law must relinquish interest
in any real estate business regulated by this chapter. Licenses placed on inactive status
until cessation of employment by the director
Can licensees employed by a town, city or county hold active licenses? - answerYes
and their managing brokers aren't responsible for their transactions in behalf of their
town, city or county employer
What are requirements for a broker's license? - answer18+, high school diploma or
equivalent, 90 hours of instruction in real estate within two years before applying for a
license, pass the exam,
Managing Broker's license requirements - answer18+, high school diploma or
equivalent, 3 years of licensed real estate experience or equivalent in Washington or
another state, pass exam, 90 hours of instruction -- at least 30 have to be clock hours.
How long must a licensee be suspended before the Real Estate Commission posts said
licensee's name on their website? - answer60 days
What's the maximum fine for violating the Sherman Anti Trust Act? - answer$1,000,000
for individuals and $100,000,000 for corporations
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67163 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now