Washington state broker - Study guides, Class notes & Summaries

Washington State Real Estate Broker Exam Questions and Answers (2024 / 2025) (Verified Answers)

Washington State Surplus Exam Prep Questions And Answers Surplus Lines Insurance Insurance coverage provided by non-admitted insurers for risks that are not available in the admitted market due to their unique or high-risk nature. Admitted Insurer An insurance company that is licensed and regulated by the state, and its policies are protected by the state's guaranty fund. Non-admitted Insurer An insurance company that is not licensed in a particular state but is allowed to prov...

WASHINGTON STATE BROKER EXAM (STATE PORTION) UPDATED 4 9. QUESTIONS AND ANSWERS, RATED A+/ Pre-licensing edu # of hours - -90 hours Audits on Trust accounts - -every 3 years Continuting Ed - -60 hours Managing Broker needs __ years experience - -3 years Security Deposit Returns - -21 days First time renewal coursework - -New licensees complete 30 hours of advanced practice, 30 hours of real estate law, 27 hours of CE, and the three-hour core course to renew. Subsequent license renewal ...

Washington State Broker Exam Questions and Answers 2024.

WASHINGTON STATE REAL ESTATE BROKER EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ -All of these - -A construction loan is a: -Short-term loan for financing the cost of construction -Loan in which the lender makes periodic payments -Loan in which payments are issued as the building progresses -All of these -Mortgage Insurance -Hazard insurance -Real estate taxes - -Escrow disbursements can pay for: -Similar properties currently on the market -Similar properties that have been on t...

Pre-licensing edu # of hours - Answer- 90 hours Audits on Trust accounts - Answer- every 3 years Continuting Ed - Answer- 60 hours Managing Broker needs __ years experience - Answer- 3 years Security Deposit Returns - Answer- 21 days First time renewal coursework - Answer- New licensees complete 30 hours of advanced practice, 30 hours of real estate law, 27 hours of CE, and the three-hour core course to renew. Subsequent license renewal requires 27 hours of CE and the core course....

Washington State Real Estate Broker Exam with complete solutions Deed in lieu of foreclosure - Ans ️️ -Yin Lee is an owner of several properties as well as a relatively high profile individual. In order for Yin Lee to attempt to avoid a possible foreclosure from becoming a matter of public record by being recorded, Yin Lee would want to give the lender a: A real estate license - Ans ️️ -If a contractor intends to sell 10 properties in a calendar year, he/she will need Desire and ...

caveat emptor - buyer beware cooperative - A residential multiunit building whose title is held by a trust or corporation that is owned and operated for the benefit of people living within the building who are the beneficial owners of the trust or shareholders of the corporation, each possessing a proprietary lease to a property unit for the life of the corporation; riskier as shareholders have to rely on financial ability of other shareholders to make payments. fair housing - Federal ...

Washington State Broker Exam Questions and Answers 2024.

Washington State Broker Exam (State Portion) Updated 4 9 Questions and Answers Pre-licensing edu # of hours - Ans ️️ -90 hours Audits on Trust accounts - Ans ️️ -every 3 years Continuting Ed - Ans ️️ -60 hours Managing Broker needs __ years experience - Ans ️️ -3 years Security Deposit Returns - Ans ️️ -21 days First time renewal coursework - Ans ️️ -New licensees complete 30 hours of advanced practice, 30 hours of real estate law, 27 hours of CE, and the three-ho...