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Washington Real Estate Actual Verified Exam
Questions And Answers Practice Questions with
Solutions Newest | Already Graded A+||Newest
Exam!!!
Licensee Len receives an offer for his seller client's
property. It's a good offer that Len thinks his client will
accept. The only wrinkle is that it includes a one-quarter
interest in a local hunting club as the earnest money
deposit. Which of the following statements is true?
It's Len's responsibility to research the title to the interest
being offered as earnest money deposit, to ensure that it
has value, before presenting the offer to his client.
Len must inform his seller client of the form of earnest
money before the seller signs the purchase contract.
Len must inform the DOL if his seller client accepts this
earnest money deposit since the DOL must approve any
earnest money agreements for items other than cash or
cash equivalents.
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Len should advise his seller client that only cash or cash
equivalents may be used as earnest money. - Answer-Len
must inform his seller client of the form of earnest money
before the seller signs the purchase contract.
In order for a licensed firm to share commissions with
another firm, what must be true of the second firm?
It must be licensed to do business with the original firm.
It must employ at least two licensed individuals.
It must have been in business at least three years.
It must share its financial records with the original firm. -
Answer-It must be licensed to do business with the original
firm.
Charlie represents Sue, a buyer, in Redmond. Charlie is
being paid by Claude, the seller, through his brokerage.
What's true about this situation?
Charlie is Claude's agent.
Sue is Claude's customer.
This doesn't change the agency relationships.
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This is undisclosed dual agency. - Answer-This doesn't
change the agency relationships.
Thomas, a Washington broker, received a notice of
violation for having failed to provide records properly upon
request. If he chooses to ignore the notice of violation,
what may occur?
He may be subject to arrest.
His license may be automatically revoked.
The case may be automatically moved to be heard in
superior court.
The director may issue a default judgment and impose
sanctions based on whatever evidence is available. -
Answer-The director may issue a default judgment and
impose sanctions based on whatever evidence is
available.
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In Washington, how many hours of coursework must an
applicant complete before applying for a managing
broker's license?
120
30
60
90 - Answer-90
The Washington legislature has passed new licensing
legislation designed to change the amount and type of
education required for licensing. The director has
proposed additional licensing rules to support the new
legislation. What's the commission's role in this process?
The commission has no responsibilities related to this new
legislation.
The commission must approve the new legislation before
it can be signed into law.
Washington Real Estate Actual Verified Exam
Questions And Answers Practice Questions with
Solutions Newest | Already Graded A+||Newest
Exam!!!
Licensee Len receives an offer for his seller client's
property. It's a good offer that Len thinks his client will
accept. The only wrinkle is that it includes a one-quarter
interest in a local hunting club as the earnest money
deposit. Which of the following statements is true?
It's Len's responsibility to research the title to the interest
being offered as earnest money deposit, to ensure that it
has value, before presenting the offer to his client.
Len must inform his seller client of the form of earnest
money before the seller signs the purchase contract.
Len must inform the DOL if his seller client accepts this
earnest money deposit since the DOL must approve any
earnest money agreements for items other than cash or
cash equivalents.
,2|Page
Len should advise his seller client that only cash or cash
equivalents may be used as earnest money. - Answer-Len
must inform his seller client of the form of earnest money
before the seller signs the purchase contract.
In order for a licensed firm to share commissions with
another firm, what must be true of the second firm?
It must be licensed to do business with the original firm.
It must employ at least two licensed individuals.
It must have been in business at least three years.
It must share its financial records with the original firm. -
Answer-It must be licensed to do business with the original
firm.
Charlie represents Sue, a buyer, in Redmond. Charlie is
being paid by Claude, the seller, through his brokerage.
What's true about this situation?
Charlie is Claude's agent.
Sue is Claude's customer.
This doesn't change the agency relationships.
,3|Page
This is undisclosed dual agency. - Answer-This doesn't
change the agency relationships.
Thomas, a Washington broker, received a notice of
violation for having failed to provide records properly upon
request. If he chooses to ignore the notice of violation,
what may occur?
He may be subject to arrest.
His license may be automatically revoked.
The case may be automatically moved to be heard in
superior court.
The director may issue a default judgment and impose
sanctions based on whatever evidence is available. -
Answer-The director may issue a default judgment and
impose sanctions based on whatever evidence is
available.
, 4|Page
In Washington, how many hours of coursework must an
applicant complete before applying for a managing
broker's license?
120
30
60
90 - Answer-90
The Washington legislature has passed new licensing
legislation designed to change the amount and type of
education required for licensing. The director has
proposed additional licensing rules to support the new
legislation. What's the commission's role in this process?
The commission has no responsibilities related to this new
legislation.
The commission must approve the new legislation before
it can be signed into law.
