THE CE SHOP Exam Questions And
Correct Answers
Which entity creates regulations governing real estate activities in Washington? -
answerReal Estate Commission
Brokers must deliver transactional documents and contracts to their managing or designated
brokers within how many business days? - ans...
Which entity creates regulations governing real estate activities in Washington? -
answer✔✔Real Estate Commission
Brokers must deliver transactional documents and contracts to their managing or designated
brokers within how many business days? - answer✔✔Two
Firm financial management is a designated broker responsibility in Washington, but financial
oversight can be delegated to ______. - answer✔✔Managing brokers
If a Washington real estate firm has a branch office, who's responsible for ensuring that the
affiliated licensees maintain their licenses? - answer✔✔Branch manager
Designated brokers are required to cooperate with the Washington State Department of
Licensing in any audits or ______. - answer✔✔Investigations
Jean is a branch manager in Washington. For which of the following tasks must Jean have
specific permission from her designated broker? - answer✔✔Completing monthly trust account
reconciliations
If a Washington real estate firm is closing, the firm's designated broker must provide an affidavit
to the Washington State Department of Licensing within ______ days. - answer✔✔Five
Relative to real estate contracts, for which of the following tasks related to her branch office is a
broker responsible? - answer✔✔Following license laws for terminating service contracts with
her clients.
Washington rules indicate that a designated broker may delegate to a branch manager the task of
reviewing which of the following documents? - answer✔✔Contracts
In Washington, designated brokers must ensure that all contracts are submitted for recordkeeping
at the brokerage no more than ______ days after the parties sign the contract. - answer✔✔Two
Carmine met with a seller and left with a signed agency agreement. Before she submitted it to
her managing broker, the client called and asked her to cancel it. She tore it up. Did Carmine act
outside the scope of her authority? - answer✔✔Yes. Carmine was acting as a sub-agent of her
managing broker, and the agreement was between the firm and the seller.
Licensees in Washington must have at least two years of ______ to apply for a managing broker
license. - answer✔✔Real estate broker experience
Jonathan, the branch manager for Lonetree Realty, developed and implemented a creative
advertising campaign for his branch. Based on Washington law, which statement about this is
true? - answer✔✔The designated broker must delegate authority to Jonathan for advertising
activities.
A managing broker is allowed, by Washington rules, to do certain tasks related to licensee
supervision, but only if those tasks are ______ by the designated broker. - answer✔✔Delegated
Which of the following statements best describes Washington regulatory power? -
answer✔✔Regulations created by Washington administrative agencies are codified and
published and are enforced as law.
A branch manager in Washington must be licensed as a ______. - answer✔✔Managing broker
What's codified and often carries the force of law without being a law? - answer✔✔Regulation
Washington brokers must follow license laws and rules relative to the handling of customer
funds and ______. - answer✔✔Property
During a legal seminar at your brokerage firm, you hear your broker mention Washington's
RCW. What does this mean? - answer✔✔Revised Code of Washington
What is created and codified by the Washington Legislature? - answer✔✔The Revised Code of
Washington
The Washington legislature passes a law requiring that any firm that accepts wire transfers for
closing funds provide a warning regarding potential wire fraud to customers and clients. What
steps does the real estate commission take? - answer✔✔Creates and adopts regulations to
indicate how firms are to implement the law.
Which of the following must be specifically delegated in order for a Washington branch manager
to perform it? - answer✔✔Handling trust accounts
What type of agency or organization creates and adopts Washington state regulations? -
answer✔✔Washington state administrative agencies, such as the real estate commission
Which of the following must be specifically delegated in order for a Washington branch manager
to perform it? - answer✔✔Handling trust accounts
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