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30 hr WA Real Estate Practice exam Questions and Answers (Latest Update 2024)
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30 hr WA Real Estate Practice exam Questions and Answers (Latest Update 2024)
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30 hr WA Real Estate Practice examQuestions and Answers (Latest Update
2024)
You are recording an accrued expense for your seller client,
Sam Bosworth. This represents an item that Sam
____________________. - Correct Answer ✅ Has incurred but
hasn't paid
Because proper trust fund handling and record keeping is
extremely important, the ________ conducts routine audits of
real estate companies. - Correct Answer ✅ Washington
State Department of Licensing
Karen would like to sell her own home. What's the minimum
real estate license she must possess? - Correct Answer ✅
None
Carla is selling her house in Wenatchee to her sister. Neither
party wants to be represented. They only want some
assistance with handling the paperwork. Who should they
consider engaging in this situation? - Correct Answer ✅
Transaction coordinator
,30 hr WA Real Estate Practice exam
Questions and Answers (Latest Update
2024)
Which designation may you not use in any marketing
materials unless you belong to NAR? - Correct Answer ✅
REALTOR
What's part of the licensee's role in the closing process? -
Correct Answer ✅ Preparing clients for closing
Cheryl Ann received a summary judgment from the DOL
because she did not ______ within 20 days of receiving notice
of a DOL investigation. - Correct Answer ✅ Request a
hearing.
How are Washington commission members selected? -
Correct Answer ✅ Appointed by the governor.
In Washington, the buyer usually pays for which of the
following title insurance policies? - Correct Answer ✅
Lender's title insurance
,30 hr WA Real Estate Practice exam
Questions and Answers (Latest Update
2024)
Amendments to a Washington property management
agreement must be ______. - Correct Answer ✅ Written
In Washington, a designated broker holds a ______ license. -
Correct Answer ✅ Managing broker's
Which one of the following entities is responsible for creating
Washington real estate laws and statutes? - Correct Answer
✅ The legislature
Licensee compensation is funneled through the broker. Who
may pay the compensation that goes through the broker? -
Correct Answer ✅ A party to the transaction, a third party,
or another broker
Frank, a Washington broker, wants to open his own real
estate firm. Which of the following statements is true? -
Correct Answer ✅ Frank must either hire a designated
broker or be endorsed as one himself.
, 30 hr WA Real Estate Practice exam
Questions and Answers (Latest Update
2024)
In Washington, what kind of license is issued to a corporation
that performs brokerage services? - Correct Answer ✅ Firm
In Washington, which agency is authorized to disseminate
and enforce real estate licensing laws? - Correct Answer ✅
Department of Licensing
If a Washington real estate firm is closing, the firm's
designated broker must provide an affidavit to the
Washington DOL within ______ days. - Correct Answer ✅
Five
How does Washington define subagency? - Correct Answer
✅ An agent appointed by another agent to assist the
principal
Charlie represents Sue, a buyer, in Redmond. Charlie is being
paid by Claude, the seller, through his brokerage. What's true
about this situation? - Correct Answer ✅ This doesn't
change the agency relationships.
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