Washington Real Estate Exam Bundle

Designated broker - Answer Person who owns some proprietorship in firm What must designated broker submit if they want to leave the firm - Answer Outstanding client trust liabilities and pending transactions. Office space requirements - Answer Office must have name or assumed name on license v...

Qualifications for wa state real estate commission - Answer 5 years of experience performing real estate brokerage services in this state or 3 years experience in investigative work of a similar nature, preferably in relation to the administration of real estate license law in Washington or elsewher...

Rookie Mistakes Quiz - Answer It is most appropriate to contact a client by text when: A) Alerting a client that an offer has been received B) Sharing general information such as a newsletter C) Telling a client about the time an inspection has been scheduled D) Presenting an offer - Answer ...

Who is responsible for administration of real estate license law? - Answer Washington State Department of licensing Who is in charge of the divisions with the department? - Answer The Director, and the department of licensing Who employs the Director and all Real Estate Division Staff? - Answe...

Human Rights Commission - Answer Ensures that persons are not discriminated against in residential real estate transactions Department of Licensing - Answer Ensures that persons in the real estate and appraisal businesses are licensed and regulated Department of Financial Institutions - Answer...

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....

Three - Answer Candidates for a Washington commission seat must have five years of brokerage experience or ______ years of experience in a related investigative position. The REALTOR® Code of Ethics - Answer Rachel, a REALTOR®, is transferring her Washington broker's license to a new firm. She...

what are managing intrest rates - Answer Market conditions asians asking to be in asian neighbothoods 1. illegal legal - Answer its legal (its the buyers request) Are easments seperate with every purshase? - Answer NO they RUN WITH THE LAND when a buyer records a deed what kind of notic...

when does the real estate agent give the seller's a copy of their listing agreement form? - Answer immediately what are the elements needed for a valid purchase and sales agreement? - Answer consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest mon...

or an administrative law judge. (The director or an administrative law judge will conduct the hearing. Attorneys can represent the Department of Licensing, the licensee, and the person making the accusation.) There are no exceptions to fair housing law for - Answer racial considerations. Th...

Director of the Department of Licensing (Director) - Answer May issue rules to govern the activities of real estate brokers, managing brokers, designated brokers, and real estate firms. Authorized to appoint a staff, but neither the Director nor any employees can be involved in any real estate busin...

You are recording an accrued expense for your seller client, Sam Bosworth. This represents an item that Sam ____________________. - Answer Has incurred but hasn't paid Because proper trust fund handling and record keeping is extremely important, the ________ conducts routine audits of real estat...