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WA State Real Estate Exam || Most Recent Exam
Actual Complete Real Verified Exam Questions And
Correct Answers (Verified Answers) | Already Graded
A+ | Guaranteed Success!! (Verified Answers) Newest
Exam!!!
Closing is set for August 1. The seller has already paid the
property taxes for the year, totaling $6,000. How much of
that amount is the buyer's responsibility?
A. $2,000
B. $2,500
C. $3,000
D. $3,500 - Answer-answer
B: $2,500
Since the buyer is taking title on August 1, she's
responsible for the property taxes for the remaining five
months of the year (August, September, October,
November, and December). Divide the annual taxes by 12
to find the monthly amount: $6, - $500. Multiply
that figure by 5 to determine the buyer's share of taxes: 5
x $500 = $2500 (Generally the state will tell you when to
,2|Page
treat all months as equal, but here even set of dollar
amounts in the answers lets you know that)
The IRS issues rules that determine when a real estate
agent is an employee and when he is an independent
contractor. Which of the following statements on that topic
is FALSE?
A: The brokerage may allow an independent contractor to
place her own ads but the ads must conform with the
firm's advertising rules
B. The brokerage may require an independent contractor
to have a cell phone
C. The brokerage will take taxes from an employee's
paycheck
D. The brokerage will tell an employee when to work
certain hours - Answer-answer
B. The brokerage may require an independent contractor
to have a cell phone
This question is a bit dated but you may encounter
something similar on the license exam. That said, one of
the key differences between employees and independent
,3|Page
contractors is the level of supervision; an independent
contractor uses his judgment how to perform a task, while
an employee receives specific instructions on how to
accomplish each task.
An instruction to carry a particular equipment doesn't
particularly suggest an independent contractor
relationship, making B the only possible answer. But
certainly all agents carry cell phones now whether
instructed to do so or not.
A tenant has already paid his $1,200 rent for the month for
a single-family property. The property's owner sells it to a
new buyer, with closing occurring on the 15th of June. The
parties decide the seller is entitled to rent for the closing
date. On the settlement statement, the prorated rent will
appear as a:
A. $600 debit for the buyer and a $600 credit for the seller
B. $600 debit for the seller and a $600 credit for the buyer
C. $1,200 credit for the buyer
D. $1,200 credit for the seller - Answer-Correct Answer: B
, 4|Page
36% of students missed this question
The rent has already been paid to the seller, so the seller
will need to give some of that rent to the buyer. The
buyer's prorated share will be a debit for the seller and a
credit for the buyer on the settlement statement. The
seller's share is for the 1st through the 15th (15 days), and
the buyer's share is for the 16th through the 30th (also 15
days), so the $1,200 can be divided in half. The settlement
statement will show a $600 debit for the seller and a $600
credit for the buyer.
A home inspection revealed that black mold is present in a
home. What should the buyer's agent tell the buyer?
A. That black mold is toxic, and that the buyer should not
buy the house
B. That mold is commonplace, and can be cleaned up with
bleach
C. To require the seller to remedy the problem
D. To seek expert advice - Answer-answer:
D: seek expert advise
WA State Real Estate Exam || Most Recent Exam
Actual Complete Real Verified Exam Questions And
Correct Answers (Verified Answers) | Already Graded
A+ | Guaranteed Success!! (Verified Answers) Newest
Exam!!!
Closing is set for August 1. The seller has already paid the
property taxes for the year, totaling $6,000. How much of
that amount is the buyer's responsibility?
A. $2,000
B. $2,500
C. $3,000
D. $3,500 - Answer-answer
B: $2,500
Since the buyer is taking title on August 1, she's
responsible for the property taxes for the remaining five
months of the year (August, September, October,
November, and December). Divide the annual taxes by 12
to find the monthly amount: $6, - $500. Multiply
that figure by 5 to determine the buyer's share of taxes: 5
x $500 = $2500 (Generally the state will tell you when to
,2|Page
treat all months as equal, but here even set of dollar
amounts in the answers lets you know that)
The IRS issues rules that determine when a real estate
agent is an employee and when he is an independent
contractor. Which of the following statements on that topic
is FALSE?
A: The brokerage may allow an independent contractor to
place her own ads but the ads must conform with the
firm's advertising rules
B. The brokerage may require an independent contractor
to have a cell phone
C. The brokerage will take taxes from an employee's
paycheck
D. The brokerage will tell an employee when to work
certain hours - Answer-answer
B. The brokerage may require an independent contractor
to have a cell phone
This question is a bit dated but you may encounter
something similar on the license exam. That said, one of
the key differences between employees and independent
,3|Page
contractors is the level of supervision; an independent
contractor uses his judgment how to perform a task, while
an employee receives specific instructions on how to
accomplish each task.
An instruction to carry a particular equipment doesn't
particularly suggest an independent contractor
relationship, making B the only possible answer. But
certainly all agents carry cell phones now whether
instructed to do so or not.
A tenant has already paid his $1,200 rent for the month for
a single-family property. The property's owner sells it to a
new buyer, with closing occurring on the 15th of June. The
parties decide the seller is entitled to rent for the closing
date. On the settlement statement, the prorated rent will
appear as a:
A. $600 debit for the buyer and a $600 credit for the seller
B. $600 debit for the seller and a $600 credit for the buyer
C. $1,200 credit for the buyer
D. $1,200 credit for the seller - Answer-Correct Answer: B
, 4|Page
36% of students missed this question
The rent has already been paid to the seller, so the seller
will need to give some of that rent to the buyer. The
buyer's prorated share will be a debit for the seller and a
credit for the buyer on the settlement statement. The
seller's share is for the 1st through the 15th (15 days), and
the buyer's share is for the 16th through the 30th (also 15
days), so the $1,200 can be divided in half. The settlement
statement will show a $600 debit for the seller and a $600
credit for the buyer.
A home inspection revealed that black mold is present in a
home. What should the buyer's agent tell the buyer?
A. That black mold is toxic, and that the buyer should not
buy the house
B. That mold is commonplace, and can be cleaned up with
bleach
C. To require the seller to remedy the problem
D. To seek expert advice - Answer-answer:
D: seek expert advise
