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30HR 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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30HR WA REAL ESTATE PRACTICE EXAM
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2024 – 2025 ALREADY GRADED A+
What is the maximum amount of time that can elapse between completing the
required coursework and applying for a Washington broker's license? - ANSWERS-
Two years
Can a Washington firm pay its business expenses directly out of a trust account? -
ANSWERS-No, they must be paid from a regular business account at the same
bank
Which of the following statements about the duty to disclose material facts is true
in Washington? - ANSWERS-Licensees are required to disclose those material
facts of which they have actual knowledge.
How is WCRER's research helpful to licensees? - ANSWERS-Provides meaningful
market data such as median home prices and housing affordability
,Thomas, a Washington broker, received a notice of violation for failing to provide
records upon request. If he chooses to ignore the notice, what may occur? -
ANSWERS-The director may issue a default judgment and impose sanctions based
on whatever evidence is available.
Carla is selling her house in Wenatchee to her sister. Neither party wants to be
represented. They only want some assistance with handling the paperwork. Who
should they consider engaging in this situation? - ANSWERS-Transaction
coordinator
Which designation may you not use in any marketing materials unless you belong
to NAR? - ANSWERS-REALTOR
What's part of the licensee's role in the closing process? - ANSWERS-Preparing
clients for closing
You are recording an accrued expense for your seller client, Sam Bosworth. This
represents an item that Sam ____________________. - ANSWERS-Has incurred
but hasn't paid
Because proper trust fund handling and record keeping is extremely important,
the ________ conducts routine audits of real estate companies. - ANSWERS-
Washington State Department of Licensing
,Karen would like to sell her own home. What's the minimum real estate license
she must possess? - ANSWERS-None
Cheryl Ann received a summary judgment from the DOL because she did not
______ within 20 days of receiving notice of a DOL investigation. - ANSWERS-
Request a hearing.
How are Washington commission members selected? - ANSWERS-Appointed by
the governor.
In Washington, the buyer usually pays for which of the following title insurance
policies? - ANSWERS-Lender's title insurance
Amendments to a Washington property management agreement must be
______. - ANSWERS-Written
In Washington, a designated broker holds a ______ license. - ANSWERS-Managing
broker's
Which one of the following entities is responsible for creating Washington real
estate laws and statutes? - ANSWERS-The legislature
, Licensee compensation is funneled through the broker. Who may pay the
compensation that goes through the broker? - ANSWERS-A party to the
transaction, a third party, or another broker
Frank, a Washington broker, wants to open his own real estate firm. Which of the
following statements is true? - ANSWERS-Frank must either hire a designated
broker or be endorsed as one himself.
In Washington, what kind of license is issued to a corporation that performs
brokerage services? - ANSWERS-Firm
In Washington, which agency is authorized to disseminate and enforce real estate
licensing laws? - ANSWERS-Department of Licensing
If a Washington real estate firm is closing, the firm's designated broker must
provide an affidavit to the Washington DOL within ______ days. - ANSWERS-Five
How does Washington define subagency? - ANSWERS-An agent appointed by
another agent to assist the principal
Charlie represents Sue, a buyer, in Redmond. Charlie is being paid by Claude, the
seller, through his brokerage. What's true about this situation? - ANSWERS-This
doesn't change the agency relationships.
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