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Washington State Brokers Exam Cram Test #1 Questions and Answers
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Washington State Brokers Exam Cram Test #1 Questions and Answers Which of the following best describes the difference between building codes and zoning regulations? - ANSWER-Building codes affect improvements on the property; zoning regulations control the use of real property A independent co...

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  • November 4, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • washington state brokers exam cram test 1 questio

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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




Washington State Brokers Exam Cram

Test #1 Questions and Answers


Which of the following best describes the difference between building codes and zoning regulations? -

ANSWER✔✔-Building codes affect improvements on the property; zoning regulations control the use of

real property


A independent contractor relationship between a real estate brokerage firm and a licensee requires that

the: - ANSWER✔✔-brokerage and licensee must enter into a written agreement


An advertisement for a house includes only the following phrase about financing: "Assume the owners

original loan with only a $1000 downpayment!" What is wrong with this advertisement? - ANSWER✔✔-

It doesnt also include the loans annual percentage rate and other financing terms


Bobs property has a fair market value of $190000. It is in a county where properties are assessed at 50%

of value, and the tax rate is $55 per $1000 of assessed value. Whats Bobs annual property tax? -

ANSWER✔✔-$5,225




explanation:




Copyright ©Stuvia International BV 2010-2024 Page 1/14

, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


Jesse, Kim, and Diane own a home together as joint tenants. if Jesse dies her property interest: -

ANSWER✔✔-will be automatically transferred to Kim and Diane


a sellers agent knows that the seller intentionally failed to disclose on the property disclosure statements

that the basement leaks during heavy rains. The sellers agent must: - ANSWER✔✔-inform the

prospective buyer that there is misrepresented information on the disclosure form


Which of the following loans would be subject to the Truth in Lending Act? - ANSWER✔✔-A loan to a

first time buyer


Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he

paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the

house sell for? - ANSWER✔✔-$406,000


Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated to: - ANSWER✔✔-pay

consideration for the option right


A corn field with a depth of 900 feet and a frontage of 484 feet is bisected by an access road, leaving two

triangular lots. If the land sells for $2,000 per acre, how much is each lot worth? - ANSWER✔✔-$10,000


Martha gave Hanna the right to purchase her vacant lot for $65,000. Hannah paid Martha $1,200 for this

right. Hannah is the: - ANSWER✔✔-optionee


Which is a list of duties owed to a principal by an agent? - ANSWER✔✔-Loyalty, confidentiality,

reasonable care, accounting


Ajax realty lists a property for a seller at a commission rate of 8%. The MLS provides that a listing

brokerage will split commissions at a 50-50 rate. Baron Realty, a cooperating brokerage, finds a buyer for




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