Exam (elaborations)
Washington State Specific Real Estate Exam Verified 2024
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Washington State Specific Real Estate Exam Verified 2024
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Washington State Specific Real EstateExam Verified 2024
Can director and their employees have an active license while employed by the
department? - ANSWER-No, 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? - ANSWER-Yes
and their managing brokers aren't responsible for their transactions in behalf of their
town, city or county employer
How long do brokers have to notify the Real Estate Commission that they've opened a
trust account? - ANSWER-Within one month
How long do managing brokers have to review contracts by independent contractors? -
ANSWER-30 days
How long does a licensee have to remove ads after a sale or expiration? - ANSWER-
Ten days
How long does a managing broker have to keep records of any real estate transaction?
- ANSWER-3 years following the submission of records to the firm
How long is a broker's license good for? - ANSWER-2 years
How long must a licensee be suspended before the Real Estate Commission posts said
licensee's name on their website? - ANSWER-60 days
How many hours of continuing education does a managing broker need to complete to
renew their license? - ANSWER-30 hours
How many hours of continuing education must a licensee complete to renew their
license? - ANSWER-90 hours for the first time renewal, 30 for subsequent
How many hours of instruction are applicants for the managing broker's exam required
to complete? - ANSWER-90 clock hours
How much money can a community association have before fidelity insurance is
purchased? - ANSWER-60K
How often are fingerprint cards and background checks required of licensees? -
ANSWER-Every 6 years
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