comprehensive questions and verified answers (
detailed & elaborated) ACTUAL EXAM 2026/2027
TEST!! A+ graded|Brand New!!
The brokerage must maintain a trust account. - ANSWER-
The brokerage firm can elect to have a third party, such as
the closing company, hold the funds for each individual
transaction.
It appears that Brianne's license in another state makes
her eligible, under Washington's written recognition
agreement, to get her Washington license. Which of the
following is a step Brianne has to take to get the license?
,Obtain and submit to the DOL a certified license history
from her home state.
Pass the national portion of the Washington exam.
Submit a detailed work history to the DOL.
Take a 30-hour real estate law class and then take her
exam. - ANSWER-Obtain and submit to the DOL a
certified license history from her home state.
How are Washington commission members selected?
Appointed by the DOL director
,Appointed by the governor
Elected by the public
Elected by the Washington Association of REALTORS® -
ANSWER-Appointed by the governor
If a Washington real estate firm has a branch office, who's
responsible for ensuring that the affiliated licensees
maintain their licenses?
Branch manager
Broker
Designated broker
Managing broker - ANSWER-Branch manager
, When homebuyers agree to open an escrow account for
their mortgage, the mortgage lender uses that money to
pay ______.
Escrow fees
Insurance and principal
Taxes and insurance
Taxes and principal - ANSWER-Taxes and insurance
What's true about broker responsibilities in Washington?
The only duties are those found in agency common law.
They include but aren't limited to those in the regulations.