Washington real estate Study guides, Class notes & Summaries

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by crea...

Washington Real Estate Fundamentals Rockwell Questions and Answers (2024 / 2025) (Verified Answers)

Washington State Real Estate Broker Exam Questions and Answers (2024 / 2025) (Verified Answers)

Rockwell: Washington Real Estate Practices Questions with Verified Answers What is best practice if you don't know the facts to something? To admit that you don't know or remain silent to avoid misrepresentation. If the buyers ask for information that an agent is not legally required to disclose (ex: previous crime in the property), are they required to disclose it upon inquiry? Yes, by duty of good faith. If you know a client has clinical depression and needs a lot of sunlight, ar...

Washington Real Estate Test-solved A disciplinary hearing will be conducted by - Ans ️️ -the director of the Department of Licensing or an administrative law judge. (The director or an administrative law judge will conduct the hearing. Attorneys can represent the Department of Licensing, the licensee, and the person making the accusation.) There are no exceptions to fair housing law for - Ans ️️ -racial considerations. The case of Jones v. Mayer in 1968 upheld the Civil Rights Act ...

Rockwell Washington Real Estate Practices Exam

In Washington, a person liscensed to act on behalf of a real estate brokerage is called a/an: - Answer- affiliated licensee When a licensee is terminated, the date of termination is the: - Answer- postmark date or the date the license is hand-delivered to the DOL J is selling real estate without a license, J is guilty of a: - Answer- gross misdemeanor S's license is temporarily suspended by the Director for a violation of the license law. S is also fined $500. The money collected as a ...

Washington Real Estate Practices Exam Questions & Answers Budgeting and Planning - Ans ️️ -New agents should treat the beginning of their career like starting a new business. This means having a business plan, developing a budget, purchasing equipment, and planning for other expenses. The Real Estate Brokerage Relationships Act - Ans ️️ -is the Washington statute that governs agency relationships in real estate transactions. For the most part, it supersedes general agency law in t...

Washington Real Estate AMP Questions and Answers | Verified & Updated Chapter 1 - Loans Which is not correct regarding the reserve amount? A) the amount of money the Federal Reserve requires lenders to hold in reserve B) reserve amounts may be used by the lender C) reserves must remain in a special account D) reserves are regulated by the Federal Reserve - B) reserve amounts may be used by the lender Feedback: Correct: The reserve account helps keep the economy stable by controlling th...

Washington Real Estate AMP National Cram Exam 5 with correct Answers The right to limited use, but not to the possession of someone else's real property is: A) a deed restriction B) an easement C) a mortgage D) a lease - Ans ️️ -B) an easement Feedback: Correct: If an outside person has an easement across the owner's property, they have limited use. They cannot possess the land and build a home. A lease allows temporary estate/possession of the leased property. Allen owned a lot...

WASHINGTON REAL ESTATE PRACTICE (30 HR) QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. 1. Errors and omissions insurance is required in Washington State. A. True B. False - -False. Errors and omissions insurance is NOT required in Washington State. Though having it is a good risk management tool. 2. Charitable donations and aid for the homeless are examples of community involvement. A. True B. False - -True. Charitable donations and aid for the homeless are examples of community involve...