WA State exam UPDATED Exam Questions and CORRECT Answers
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Course
WA State
Institution
WA State
WA State exam UPDATED Exam Questions
and CORRECT Answers
What disciplinary action will occur if a Washington broker disregards a child support order? -
Correct Answer- License suspension
When may a licensee receive compensation in Washington based on an appraisal result at or
above a specifi...
WA State exam UPDATED Exam Questions
and CORRECT Answers
What disciplinary action will occur if a Washington broker disregards a child support order? -
Correct Answer- License suspension
When may a licensee receive compensation in Washington based on an appraisal result at or
above a specific prearranged price? - Correct Answer- It's illegal in all circumstances.
How is the Washington managing broker's exam presented? - Correct Answer- As a
simulation-based exam
In Washington, which agency is authorized to disseminate and enforce real estate licensing
laws? - Correct Answer- Department of Licensing
Deana is a broker for North Washington Realty, LLC, and is the listing broker from a
property. In this transaction, what kinds of compensation is she entitled to receive from
payors other than her brokerage firm? - Correct Answer- All compensation must be paid
through her broker
With which entity is Washington's DOL director partnered in order to create a real estate
research center? - Correct Answer- The Runstad Center for Real Estate Studies
The Washington Department of Licensing cancelled Karen's license after one year because
she didn't renew it. Another six months has passed since her license was cancelled. What does
Karen have to do to get her license back? - Correct Answer- Complete 60 clock hours of
continuing education coursework and file an affidavit of reactivation with the DOL.
Karl plans to shop around for his mortgage loan to be sure he's getting the best interest rate
and terms. What document from his lender permits him to make comparisons? - Correct
Answer- The Loan Estimate permits Kenneth to comparison shop.
Which of the following types of compensation are prohibited in Washington? - Correct
Answer- Referral fees from settlement service providers to licensees
, Frank, a Washington broker, wants to open his own Washington real estate firm. Which of the
following statements is true? - Correct Answer- Frank must either hire or be endorsed as a
designated broker.
In Washington, which of the following statements regarding seller agency is true? - Correct
Answer- A seller's agent represents the seller, while the buyer's agent represents the buyer.
Which of these is an example of commingling in Washington? - Correct Answer- Mixing
earnest money with personal funds
How long must confidential information remain confidential? - Correct Answer- Forever
Though Washington Administrative Code does allow the DOL director to develop written
recognition agreements with other states, in practice, what qualifies licensees from other
states to take only the state portion of the Washington licensing exam? - Correct Answer- A
similar license in good standing from another state
In addition to passing a licensing exam and providing background qualifications and a credit
report, Washington escrow agents must provide proof that they hold what type of insurance
policy? - Correct Answer- Errors and omissions
If a property management trust account in Washington bears interest, to whom must the
interest be distributed? - Correct Answer- The property owner
In Washington, which agency is responsible for approving real estate schools and education?
- Correct Answer- Department of Licensing
Tamara is assisting a buyer who's making an offer on her client's listing in Renton. Tamara
and the buyer develop a good rapport, and in her desire to be helpful, Tamara offers the buyer
advice about how to structure her offer. What does Tamara risk being charged with? - Correct
Answer- Undisclosed dual agency
After a Washington lease agreement expires and a tenant vacates the property, leaving it in
good condition, how long does the landlord have to return the security deposit? - Correct
Answer- 21 days
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