100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Rockwell Real Estate Exam WA 2 Questions and Answers 100% Pass £11.29
Add to cart
Quickly navigate to
Preview
  2.  
  3. Rockwell
  4.  
  5. Rockwell

Exam (elaborations)

Rockwell Real Estate Exam WA 2 Questions and Answers 100% Pass
 6 views  0 purchase
  • Module
  • Rockwell
  • Institution
  • Rockwell

Rockwell Real Estate Exam WA 2 Questions and Answers 100% Pass At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - D. Before...

[Show more]

Preview 4 out of 48  pages

Document information

  • December 30, 2024
  • 48
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • rockwell real estate exam wa 2 questions and answe

Written for

  • Rockwell
  • Rockwell

Seller

avatar-seller
KatelynWhitman

Reviews received

Content preview

1|Page




Rockwell Real Estate Exam WA 2
Questions and Answers 100% Pass

At what point in a transaction must you disclose your agency status in writing?




A. at closing


B. when first meeting any potential party to the transaction


C. when a party signs an offer


D. Before a party signs an offer - ✔✔D. Before a party signs an offer




You must disclose your agency status to each party in a transaction as soon as

practicable. However, the initial disclosure may be oral - the law doesn't require written

confirmation of the agency disclosure until each party is about to sign an offer.


A counteroffer:




A. acts as a rejection of the initial offer


B. is used to rescind a previously existing contract


Katelyn Whitman© 2025, All Rights Reserved.

, 2|Page


C. is used only to make an offer contingent on a particular event


D. is used when a buyer wants to make an offer where the seller has already accepted

an offer - ✔✔A. acts as a rejection of the initial offer




A counteroffer is a rejection of the previous offer. Either a buyer or a seller may make a

counteroffer, in response to either the initial or previous counteroffer.


Which of the following practices would not be an illegal discriminatory action?




A. Always assigning minority buyers to work with minority agents


B. Referring all Spanish-speaking buyers to Spanish speaking colleagues


C. Referring a buyer to a Spanish-speaking colleague after the buyer expressed a

preference to work with a Spanish-speaking agent


D. Failing to transmit an offer from an Asian buyer to the seller of a property in an all-

white neighborhood - ✔✔C. Referring a buyer to a Spanish-speaking colleague after the

buyer expressed a preference to work with a Spanish-speaking agent




It is unlawful to treat certain types of buyers differently from others based on

discriminatory reasons. However, there is nothing illegal about honoring a buyer's

request to work with an agent of a particular ethnicity or national origin.


Katelyn Whitman© 2025, All Rights Reserved.

, 3|Page


If a contingency is not fulfilled despite a good faith effort to fulfill it, what may the

person who benefits from the contingency do?




A. Terminate the agreement and have the earnest money deposit returned


B. Waive the contingency and continue with the agreement


C. Sue the other party for a breach of contract


D. Either A or B - ✔✔D. Either A or B




The party who benefits from a contingency may, if the contingency is not fulfilled,

terminate the agreement or waive the contingency and complete the purchase anyway


Under which type of listing will the seller owe a commission to the listing agent

regardless of who is the procuring cause of the sale?




A. Open listing


B. Exclusive agency


C. Exclusive right to sell


D. Net listing - ✔✔C. Exclusive right to sell




Katelyn Whitman© 2025, All Rights Reserved.

, 4|Page


Under an exclusive right to sell listing, the listing agent will earn a commission if the

property sells during the listing period, even if another agent or the seller finds the

buyer


Under which type of listing will an agent receive a commission only if he is the

procuring cause of the sale?




A. Open listing


B. Exclusive agency


C. Exclusive right to sell


D. Net listing - ✔✔A. Open listing




Under an open listing, the seller pays a commission only if the agent is the person

responsible for bringing about the agreement between buyer and seller. No commission

is owed if another agent or seller is responsible for the sale.


All of the following should be taken into account in choosing a closing date, except:




A. the due date of the next installment of the property taxes


B. how long the seller needs to make any necessary repairs




Katelyn Whitman© 2025, All Rights Reserved.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller KatelynWhitman. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £11.29. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

50990 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now

Start selling
£11.29
  • (0)
Add to cart
Added