Washington Real Estate Law Practice Exam Questions and Verified Answers| 100% Correct| Grade A

Washington Real Estate Law Practice Exam
Questions and Verified Answers| 100% Correct|
Grade A

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Terms in this set (40)

,1. In Washington, a broker working C. Buyer's agent ✔
with a buyer without a signed
agreement is considered:
WHY: WA is a default buyer-agency state; no
A. Seller's agent written agreement is required to create buyer
B. Subagent agency.
C. Buyer's agent
D. Transaction broker


2. Dual agency requires: C. Written consent from both parties ✔


A. Verbal consent WHY: Washington law strictly requires written
B. Written consent from one party consent from BOTH buyer and seller before dual
C. Written consent from both agency.
parties
D. Disclosure at closing

, 3. Managing broker responsibility C. All brokerage activity ✔
includes:


A. Only supervised acts WHY: Managing brokers have vicarious liability
B. Personal transactions for all licensees under their supervision.
C. All brokerage activity
D. Escrow only


4. Duty owed to all parties: C. Reasonable skill and care ✔


A. Loyalty
B. Confidentiality WHY: This duty applies universally, regardless of
C. Reasonable skill and care agency relationship.
D. Advocacy