Washington State portion (real estate exam)
comprehensive questions and verified answers (
detailed & elaborated) ACTUAL EXAM 2026
TEST!!
Save
Terms in this set (87)
Rebecca receives an earnest money **Rebecca may deposit it in the firm's regular trust
deposit in the amount of $12,000. account.
Which of the following statements
best describes the deposit of this
trust money?
Rebecca may deposit it in the firm's
regular trust account.
Rebecca must deposit it in an
individual trust account set up for
just this client.
Rebecca must deposit the funds in a
non-interest bearing trust account.
Rebecca must deposit the funds into
a DOL special trust fund account.
,In Washington, licensees renewing 30, 30, 27, 3
for the first time will complete ______
hours in advanced practice
coursework, ______ hours in real estate
law, ______ hours of continuing
education coursework, and a ______-
hour core course.
15, 15, 27, 4
30, 30, 27, 3
30, 30, 30, 4
90, 90, 30, 3
In addition to the required education Detailed resume
and experience to request a
substitution, what must applicants for
a Washington managing broker's
license submit with the application?
An additional licensing fee
Detailed resume
Recommendation from designated
broker
Three reference letters
,When are real estate brokers Once their licenses are inactivated
allowed to work for the Washington
State Department of Licensing?
After they disclose any potential
conflicts of interest
After they've been practicing five
years
Once their licenses are inactivated
When they have written permission
from their designated brokers
Who may supervise a managing A managing broker
broker in Washington?
A broker
A managing broker
The DOL director
The real estate commission
, George is a buyer closing on a home To detail the estimated closing costs for George's
purchase for which he's obtaining loan
financing. He receives a Loan
Estimate from his lender. What's the
purpose of this document?
To detail the amount George needs
to bring to closing
To detail the estimated closing costs
for George's loan
To disclose the interest rates
available on this lender's various loan
programs
To disclose the lender's source of
loan funds
comprehensive questions and verified answers (
detailed & elaborated) ACTUAL EXAM 2026
TEST!!
Save
Terms in this set (87)
Rebecca receives an earnest money **Rebecca may deposit it in the firm's regular trust
deposit in the amount of $12,000. account.
Which of the following statements
best describes the deposit of this
trust money?
Rebecca may deposit it in the firm's
regular trust account.
Rebecca must deposit it in an
individual trust account set up for
just this client.
Rebecca must deposit the funds in a
non-interest bearing trust account.
Rebecca must deposit the funds into
a DOL special trust fund account.
,In Washington, licensees renewing 30, 30, 27, 3
for the first time will complete ______
hours in advanced practice
coursework, ______ hours in real estate
law, ______ hours of continuing
education coursework, and a ______-
hour core course.
15, 15, 27, 4
30, 30, 27, 3
30, 30, 30, 4
90, 90, 30, 3
In addition to the required education Detailed resume
and experience to request a
substitution, what must applicants for
a Washington managing broker's
license submit with the application?
An additional licensing fee
Detailed resume
Recommendation from designated
broker
Three reference letters
,When are real estate brokers Once their licenses are inactivated
allowed to work for the Washington
State Department of Licensing?
After they disclose any potential
conflicts of interest
After they've been practicing five
years
Once their licenses are inactivated
When they have written permission
from their designated brokers
Who may supervise a managing A managing broker
broker in Washington?
A broker
A managing broker
The DOL director
The real estate commission
, George is a buyer closing on a home To detail the estimated closing costs for George's
purchase for which he's obtaining loan
financing. He receives a Loan
Estimate from his lender. What's the
purpose of this document?
To detail the amount George needs
to bring to closing
To detail the estimated closing costs
for George's loan
To disclose the interest rates
available on this lender's various loan
programs
To disclose the lender's source of
loan funds
