WASHINGTON REAL ESTATE EXAM 2026/2027
WITH ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS |CURRENTLY
TESTING QUESTIONS AND
SOLUTIONS|ALREADY GRADED A+|NEWEST
|BRAND NEW VERSION!!|JUST RELEASED
what are the three requirements for a valid listing agreement?
property description, brokerage authority and compensation, in writing and signed by
seller.
seller disclosure statement, what is it? what is the three day window? what must buyer
provide in the three day window? what does the seller have to do if new information learned
makes the current seller disclosure statement incorrect?
Statutory form, means wording of questions is set by state statute, DO NOT CHANGE
ANYTHING ON FORM, DO NOT HELP WITH THIS FORM AT ALL FOR SELLERS OMLY TO FILL
OUT FOR LIABILTIY. seller must complete the disclosure form and give it to the buyer within
five days after a purchase and sale agreement is signed, unless the parties mutually agree
to a different time frame.
if seller provides a disclosure statement as required, the buyer has the right to rescind the
pirchase and sale agreement within three business days after receiving the disclosure
statement for absolutely any damn reason or no reason at all
buyer must provide a right of rescission within three days period and he will get full refund
of his deposit money
if the present seller disclosure statement is inaccurate, the seller has two choices, 1.)
1|Page
,amend the disclosure statement to accurately describe conditions, 2.) make necessary
repairs or take other action that will make the disclosure statement accurate again, must
be done within three days before closing date
what are the ten sections entitled sellers disclosures? what is each one describing? also
known as the heart of the sellers disclosure form
Title- concerns title issues, do sellers have legal authority to sell the property, any
encroachments, easements, restrictions?
Water- water supply for household use, water rights for irragtion, sprinklers, etc
Sewer/On site system:- on site sewage? or pub sewer?
Structural- any damages/defects? recent remodel? year built?
systems and fixtures- electrical system? hot water tank, heating/cooling systems,
appliances?
homeowners assc/common- is prop in a home owners assc? if so what are fees and
common areas?
environmental- drainage issues? in a flood plain? any hazardous substances? ever been
used as illegal drug manufacturing site?
lead based paint- applies only if the house was built before 1978, if any sellers aware of
lead based paint, the gotta disclose.
manufactured and mobile homes- any alterations made must be noted
full disclosure by sellers- must disclose any problem that sellers are aware of
how does license law affect listing practices? 2
determines how commissions are paid, and determines who owns a listing
what is distressed home? distressed homeowner?
a personal residence that is in danger of foreclsoure because the homeowner is delinquent
on mortgage or tax payment.
the owner of this type of property is a distressed homeowner.
2|Page
, who is a distressed home consultant? 2
offers to help a distressed homeowner in two ways, 1. prevent or postpone a foreclosure
sale; or 2. retain possession of the property by giving up ownership and becoming a tenant
what is a distressed home conveyance?
transaction when a buyer purchases a property from a distressed homeowner,
allows the homeowner to continue to occupy the property for more than 20 days past
closing date,
and
either promises to convey the property back to the homeowner, or else promises the
homeowner an interest in or a portion of the proceeds from the resale of property.
what is a tie in arrangement? is it legal?
an agreement to sell one product only on the condition that the buyer also purchases a
different product., illegal due to sherman act of 1890
what is NEPA? EIS?
National environmental policy act, requires federal agencies to provide and environmental
impact statement (EIS) for any action that may have a significant impact on the
environment.
what is SEPA?
state environmental policy act, requires an EIS for all acts of state or local govt agencies
that may have a significant effect on the quality of the environment
what is the shoreline management act? substantial development permit?
regulates develpopment within 200 ft of high water mark, , must obtain substantial
develpment permit to develop shoreline property
what is CERCLA?
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WITH ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS |CURRENTLY
TESTING QUESTIONS AND
SOLUTIONS|ALREADY GRADED A+|NEWEST
|BRAND NEW VERSION!!|JUST RELEASED
what are the three requirements for a valid listing agreement?
property description, brokerage authority and compensation, in writing and signed by
seller.
seller disclosure statement, what is it? what is the three day window? what must buyer
provide in the three day window? what does the seller have to do if new information learned
makes the current seller disclosure statement incorrect?
Statutory form, means wording of questions is set by state statute, DO NOT CHANGE
ANYTHING ON FORM, DO NOT HELP WITH THIS FORM AT ALL FOR SELLERS OMLY TO FILL
OUT FOR LIABILTIY. seller must complete the disclosure form and give it to the buyer within
five days after a purchase and sale agreement is signed, unless the parties mutually agree
to a different time frame.
if seller provides a disclosure statement as required, the buyer has the right to rescind the
pirchase and sale agreement within three business days after receiving the disclosure
statement for absolutely any damn reason or no reason at all
buyer must provide a right of rescission within three days period and he will get full refund
of his deposit money
if the present seller disclosure statement is inaccurate, the seller has two choices, 1.)
1|Page
,amend the disclosure statement to accurately describe conditions, 2.) make necessary
repairs or take other action that will make the disclosure statement accurate again, must
be done within three days before closing date
what are the ten sections entitled sellers disclosures? what is each one describing? also
known as the heart of the sellers disclosure form
Title- concerns title issues, do sellers have legal authority to sell the property, any
encroachments, easements, restrictions?
Water- water supply for household use, water rights for irragtion, sprinklers, etc
Sewer/On site system:- on site sewage? or pub sewer?
Structural- any damages/defects? recent remodel? year built?
systems and fixtures- electrical system? hot water tank, heating/cooling systems,
appliances?
homeowners assc/common- is prop in a home owners assc? if so what are fees and
common areas?
environmental- drainage issues? in a flood plain? any hazardous substances? ever been
used as illegal drug manufacturing site?
lead based paint- applies only if the house was built before 1978, if any sellers aware of
lead based paint, the gotta disclose.
manufactured and mobile homes- any alterations made must be noted
full disclosure by sellers- must disclose any problem that sellers are aware of
how does license law affect listing practices? 2
determines how commissions are paid, and determines who owns a listing
what is distressed home? distressed homeowner?
a personal residence that is in danger of foreclsoure because the homeowner is delinquent
on mortgage or tax payment.
the owner of this type of property is a distressed homeowner.
2|Page
, who is a distressed home consultant? 2
offers to help a distressed homeowner in two ways, 1. prevent or postpone a foreclosure
sale; or 2. retain possession of the property by giving up ownership and becoming a tenant
what is a distressed home conveyance?
transaction when a buyer purchases a property from a distressed homeowner,
allows the homeowner to continue to occupy the property for more than 20 days past
closing date,
and
either promises to convey the property back to the homeowner, or else promises the
homeowner an interest in or a portion of the proceeds from the resale of property.
what is a tie in arrangement? is it legal?
an agreement to sell one product only on the condition that the buyer also purchases a
different product., illegal due to sherman act of 1890
what is NEPA? EIS?
National environmental policy act, requires federal agencies to provide and environmental
impact statement (EIS) for any action that may have a significant impact on the
environment.
what is SEPA?
state environmental policy act, requires an EIS for all acts of state or local govt agencies
that may have a significant effect on the quality of the environment
what is the shoreline management act? substantial development permit?
regulates develpopment within 200 ft of high water mark, , must obtain substantial
develpment permit to develop shoreline property
what is CERCLA?
3|Page
