Washington real estate - Study guides, Class notes & Summaries

Washington Real Estate Train Agents AMP Pre-License Mock Exam Questions and Answers with Rationale 2024

Washington Real Estate AMP National Cram Exam 5 with correct Answers The right to limited use, but not to the possession of someone else's real property is: A) a deed restriction B) an easement C) a mortgage D) a lease - Ans ️️ -B) an easement Feedback: Correct: If an outside person has an easement across the owner's property, they have limited use. They cannot possess the land and build a home. A lease allows temporary estate/possession of the leased property. Allen owned a lot...

WASHINGTON REAL ESTATE FUNDAMENTALS EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

Washington Real Estate Exam - State Portion Questions and Answers Who is responsible for administration of real estate license law? - Ans️️ -Washington State Department of licensing Who is in charge of the divisions with the department? - Ans️️ -The Director, and the department of licensing Who employs the Director and all Real Estate Division Staff? - Ans️️ -The State What are the Director or staff of the Real Estate Division not allowed to do? - Ans️️ -To own interest i...

Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following statements best describes the deposit of this trust money? Rebecca may deposit it in the firm's regular trust account. Rebecca must deposit it in an individual trust account set up for just this client. Rebecca must deposit the funds in a non-interest bearing trust account. Rebecca must deposit the funds into a DOL special trust fund account. - **Rebecca may deposit it in the firm's regular trust a...

Washington Real Estate UPDATED Exam Questions and CORRECT Answers MLS - Correct Answer- Multiple listing service- Cooperative agreements between brokers to share information usually are established at the NAR local level. Chapter 1 Stages of the real estate transaction - Correct Answer- 1. The listing 2. The contract for sale 3. Financing 4. Settlement Chapter 1 Listing contract - Correct Answer- A contract wherein a property owner employs a real estate firm to market a property...

Washington REAL ESTATE Fundamentals Final Exam Questions and Answers (2024 / 2025) (Verified Answers)

Chapter 1 - Loans Which is not correct regarding the reserve amount? A) the amount of money the Federal Reserve requires lenders to hold in reserve B) reserve amounts may be used by the lender C) reserves must remain in a special account D) reserves are regulated by the Federal Reserve - B) reserve amounts may be used by the lender Feedback: Correct: The reserve account helps keep the economy stable by controlling the money supply. Bob noticed that there was a lien recorded against his ...

Washington Real Estate exam part 2 Questions and Answers (2024 / 2025) (Verified Answers)

Washington Real Estate Train Agents AMP Pre- License Mock Exam Questions and Answers A firm's satellite office at a new condominium does not need a managing broker on site if it is within how many miles of the nearest branch office? A) 20 B) 35 C) 40 D) 50 - Ans ️️ -B) 35 Feedback: Correct: State regulations allow a satellite sales office without a managing broker present if is within 35 miles of the nearest branch office. When a licensee is determined by the state to not be in c...