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ROCKWELL WA REAL ESTATE PRACTICE EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST 2024 – 2025 ALREADY GRADED A+ $14.99
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ROCKWELL WA REAL ESTATE PRACTICE
EXAM WITH CORRECT ACTUAL QUESTIONS
AND CORRECTLY WELL DEFINED ANSWERS
LATEST 2024 – 2025 ALREADY GRADED A+
A seller's agent knows that the seller intentionally failed to disclose on the
property disclosure statement that the basement leaks during heavy rains. The
seller's agent must: - ANSWERS-A. complete a new property disclosure statement
himself
B. inform the local housing authority
C. inform the Department of Licensing
***D. inform the prospective buyer that there is misrepresented information on
the disclosure form
A property manager will be paid 3% of a property's annual gross rental income.
The rent paid is: $24,000 base rent; $12,000 percentage rent; $8,000
maintenance, taxes, and insurance (triple net). The commission amount that the
manager will receive is: - ANSWERS-A. $720
,***B. $1,080
C. $1,320
D. $1,200,000
All advertising placed by a real estate licensee (except ads for a licensee's own
property) must: - ANSWERS-A. meet the requirements for a blind ad
B. be paid for with trust funds
***C. Include the brokerage's name, as it appears on its license
D. Include the Washington Fair Housing logo
A licensee would not be disciplined for: - ANSWERS-A. accepting compensation
from both parties to a transaction without a written disclosure
B. failing to adequately supervise an employee who misrepresents a property to a
prospect
C. failing to include the firm's name, as licensed, in an advertisement
,***D. offering to advertise a property, for a fee, for a "For Sale by Owner" seller
Jesse, Kim, and Diane own a home together as joint tenants. If Jesse dies, her
property interest: - ANSWERS-A. will be inherited by her children according to the
provisions of her will
B. must be bequeathed to Kim and Diane in her will
C. will be automatically devised to her heirs
***D. will be automatically transferred (conveyed) to Kim and Diane
A property is listed for $275,000. The buyers offer $265,000, and insist that the
gourmet six-burner stove remain with the property. When the signed offer is
presented to the sellers, the sellers accept the price, but want to take the stove
with them. They cross out the item about the stove, sign the form, and return it to
the buyers. Under these circumstances: - ANSWERS-A. there is now a valid
contract that has been signed by all parties
B. the offer has been invalidated and the buyers will need to begin looking for a
new property
, C. the sellers can turn around and accept the original offer, if the buyers won't go
along with giving up the stove
***D. the original offer is terminated, and the sellers have made a counteroffer
A buyer is looking at a house in a neighborhood with newly installed sidewalks.
When the buyer asks about taxes, the seller assures her that the home isn't
subject to any special assessments. The buyer's agent should: - ANSWERS-A.
advise the buyer that the property may be subject to special assessments and
recommend that the buyer look into it
B. check the county records to see if the property has any special assessments
pending against it
C. contact an attorney to begin an investigation of the matter
D. say nothing and take the seller's word for it
The seller listed the property for $95,000. Assuming that their listing agreement is
typical, the broker would NOT be entitled to a commission if the seller: -
ANSWERS-***A. rejected a $90,000 offer from a financially qualified buyer
B. accepted a $90,000 offer from a financially qualified buyer
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