Washington real - Study guides, Class notes & Summaries

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

"Severalty ownership" means that: A) ownership is by several parties B) ownership by one person C) co-ownership of several people D) joint tenancy of several people - B) ownership by one person Feedback: Correct: Severalty is holding title by ONE person. There is no dual ownership or survivorship clause. Which of the following is a less-than-freehold estate? A) property that has an easement on it B) possession held under a lease C) real estate minus the mineral, oil, and gas rights ...

Washington Real Estate Practices Questions and Answers 100% Verified Washington Real Estate Practices Questions and Answers 100% Verified Washington Real Estate Practices Questions and Answers 100% Verified Washington Real Estate Practices Questions and Answers 100% Verified Lesson 1 - ANSWER-Starting a New Profession - Part 1 Market research should focus on: A) the competition in your area B) inventory C) both D) neither - ANSWER-C) both Feedback: Correct: Market rese...

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

Washington Real Estate TrainAgents AMP Pre-License Mock Exams 300 QUESTIONS AND ANSWERS WITH RATIONALE Mock Exam 1 - CORRECT ANSWER 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 - CORRECT ANSWER 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....

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. - ANSWERS**Rebecca may deposit it in the firm's re...

Who is responsible for administration of real estate license law? - Washington State Department of licensing Who is in charge of the divisions with the department? - The Director, and the department of licensing Who employs the Director and all Real Estate Division Staff? - The State What are the Director or staff of the Real Estate Division not allowed to do? - To own interest in any real estate firm Who appoints the director? - The Governor What does the Director do? - They are charged...

Washington Real Estate Test Questions and Answers 100% CorrectWashington Real Estate Test Questions and Answers 100% CorrectWashington Real Estate Test Questions and Answers 100% CorrectWashington Real Estate Test Questions and Answers 100% CorrectWashington Real Estate Test Questions and Answers 100% Correct A disciplinary hearing will be conducted by - ANSWER-the director of the Department of Licensing or an administrative law judge. (The director or an administrative law judge will c...