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
30 hr WA Real Estate Practice exam/ 290+ Qs & Ans/ . $12.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. 30 Hr WA Real Estate
  4.  
  5. 30 hr WA Real Estate

Exam (elaborations)

30 hr WA Real Estate Practice exam/ 290+ Qs & Ans/ .

1 review
 3 purchases
  • Course
  • 30 hr WA Real Estate
  • Institution
  • 30 Hr WA Real Estate

30 hr WA Real Estate Practice exam/ 290+ Qs & Ans/ . Terms like: How are Washington commission members selected? - Answer: Appointed by the governor. In Washington, the buyer usually pays for which of the following title insurance policies? - Answer: Lender's title insurance Amendments to...

[Show more]

Preview 4 out of 54  pages

Document information

  • July 11, 2024
  • 54
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • 30 hr WA Real Estate
  • 30 hr WA Real Estate

1  review

review-writer-avatar

By: Studyresource1 • 1 month ago

Seller

avatar-seller
Pronurse1

Reviews received

Content preview

30 hr WA Real Estate
Practice exam/ 290+ Qs &
Ans/ 2024-2025
How are Washington commission members selected? - Answer:
Appointed by the governor.


In Washington, the buyer usually pays for which of the following
title insurance policies? - Answer: Lender's title insurance


Amendments to a Washington property management agreement
must be ______. - Answer: Written


In Washington, a designated broker holds a ______ license. -
Answer: Managing broker's

,Which one of the following entities is responsible for creating
Washington real estate laws and statutes? - Answer: The
legislature
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
estate companies. - Answer: Washington State Department of
Licensing


Karen would like to sell her own home. What's the minimum real
estate license she must possess? - 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? - Answer: Transaction coordinator


Which designation may you not use in any marketing materials
unless you belong to NAR? - Answer: REALTOR


What's part of the licensee's role in the closing process? -
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. - Answer: Request a hearing.




Licensee compensation is funneled through the broker. Who may
pay the compensation that goes through the broker? - 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? - Answer: Frank
must either hire a designated broker or be endorsed as one
himself.


In Washington, what kind of license is issued to a corporation that
performs brokerage services? - Answer: Firm


In Washington, which agency is authorized to disseminate and
enforce real estate licensing laws? - 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. - Answer: Five

, How does Washington define subagency? - 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? - Answer: This doesn't change the agency
relationships.


For which of the following expenses will a lender most likely
require reserves? - Answer: Homeowner's insurance and real
estate taxes


Robert has passed his Washington broker's licensing exam. How
long does he have to apply for his license? - Answer: One year


In a real estate company office, the licenses of all brokers who are
affiliated with the company must be displayed ________. -
Answer: In a public area


Tomas, a listing agent, plans to share his commission with Marea,
who served as a subagent and interpreter for his clients who
spoke Portuguese. How will Marea receive her share of the
commission? - Answer: Tomas' company will provide Marea's
commission.

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 or Stuvia-credit 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 Pronurse1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

71250 documents were sold in the last 30 days

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

Start selling
$12.99  3x  sold
  • (1)
Add to cart
Added