Estate Exam) Comprehensive
Questions and Verified Answers
(Detailed & elaborated) ACTUAL
EXAM 2026 TEST!!
Rebecca receives an earnest money deposit in the amount of $12,000.
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. - 🧠
ANSWER ✔✔**Rebecca may deposit it in the firm's regular trust account.
In Washington, licensees renewing 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 - 🧠 ANSWER ✔✔30, 30, 27, 3
,In addition to the required education 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 - 🧠 ANSWER ✔✔Detailed resume
When are real estate brokers 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 - 🧠
ANSWER ✔✔Once their licenses are inactivated
Who may supervise a managing broker in Washington?
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, A broker
A managing broker
The DOL director
The real estate commission - 🧠 ANSWER ✔✔A managing broker
George is a buyer closing on a home purchase for which he's obtaining
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