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THE CE SHOP Exam Questions And Correct Answers
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THE CE SHOP Exam Questions And Correct Answers Which entity creates regulations governing real estate activities in Washington? - answerReal Estate Commission Brokers must deliver transactional documents and contracts to their managing or designated brokers within how many business days? - ans...

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  • August 28, 2024
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  • 2024/2025
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM



THE CE SHOP Exam Questions And
Correct Answers


Which entity creates regulations governing real estate activities in Washington? -
answer✔✔Real Estate Commission
Brokers must deliver transactional documents and contracts to their managing or designated
brokers within how many business days? - answer✔✔Two
Firm financial management is a designated broker responsibility in Washington, but financial
oversight can be delegated to ______. - answer✔✔Managing brokers
If a Washington real estate firm has a branch office, who's responsible for ensuring that the
affiliated licensees maintain their licenses? - answer✔✔Branch manager
Designated brokers are required to cooperate with the Washington State Department of
Licensing in any audits or ______. - answer✔✔Investigations
Jean is a branch manager in Washington. For which of the following tasks must Jean have
specific permission from her designated broker? - answer✔✔Completing monthly trust account
reconciliations
If a Washington real estate firm is closing, the firm's designated broker must provide an affidavit
to the Washington State Department of Licensing within ______ days. - answer✔✔Five
Relative to real estate contracts, for which of the following tasks related to her branch office is a
broker responsible? - answer✔✔Following license laws for terminating service contracts with
her clients.
Washington rules indicate that a designated broker may delegate to a branch manager the task of
reviewing which of the following documents? - answer✔✔Contracts
In Washington, designated brokers must ensure that all contracts are submitted for recordkeeping
at the brokerage no more than ______ days after the parties sign the contract. - answer✔✔Two
Carmine met with a seller and left with a signed agency agreement. Before she submitted it to
her managing broker, the client called and asked her to cancel it. She tore it up. Did Carmine act

, ©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM


outside the scope of her authority? - answer✔✔Yes. Carmine was acting as a sub-agent of her
managing broker, and the agreement was between the firm and the seller.
Licensees in Washington must have at least two years of ______ to apply for a managing broker
license. - answer✔✔Real estate broker experience
Jonathan, the branch manager for Lonetree Realty, developed and implemented a creative
advertising campaign for his branch. Based on Washington law, which statement about this is
true? - answer✔✔The designated broker must delegate authority to Jonathan for advertising
activities.
A managing broker is allowed, by Washington rules, to do certain tasks related to licensee
supervision, but only if those tasks are ______ by the designated broker. - answer✔✔Delegated
Which of the following statements best describes Washington regulatory power? -
answer✔✔Regulations created by Washington administrative agencies are codified and
published and are enforced as law.

A branch manager in Washington must be licensed as a ______. - answer✔✔Managing broker

What's codified and often carries the force of law without being a law? - answer✔✔Regulation
Washington brokers must follow license laws and rules relative to the handling of customer
funds and ______. - answer✔✔Property
During a legal seminar at your brokerage firm, you hear your broker mention Washington's
RCW. What does this mean? - answer✔✔Revised Code of Washington

What is created and codified by the Washington Legislature? - answer✔✔The Revised Code of
Washington
The Washington legislature passes a law requiring that any firm that accepts wire transfers for
closing funds provide a warning regarding potential wire fraud to customers and clients. What
steps does the real estate commission take? - answer✔✔Creates and adopts regulations to
indicate how firms are to implement the law.
Which of the following must be specifically delegated in order for a Washington branch manager
to perform it? - answer✔✔Handling trust accounts
What type of agency or organization creates and adopts Washington state regulations? -
answer✔✔Washington state administrative agencies, such as the real estate commission
Which of the following must be specifically delegated in order for a Washington branch manager
to perform it? - answer✔✔Handling trust accounts

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