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Exam (elaborations)

Washington State Managing Broker Practice Examination 2026 Questions With Answers Graded A

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WASHINGTON STATE MANAGING BROKER PRACTICE EXAMINATION 2026 QUESTIONS WITH ANSWERS GRADED A

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WASHINGTON STATE MANAGING BROKER
PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED A+

◍ What act allowed homeowners the option of creating or submitting a plan
for a homeowners association?.
Answer: Washington Property Owners Association Act
◍ What must a Washington designated broker do with a trust account every
month?Close it if there are no active transactions.Perform reconciliation of
the bank account statements.Send a copy of the bank statement to the
Washington state treasurer.Use the interest to pay the account service fees..
Answer: Perform a reconciliation of the bank account statements.
◍ How many total hours of coursework must a Washington licensee renewing
for the first time have taken?120306090.
Answer: 90
◍ In Washington, designated brokers must ensure that all contracts are
submitted for recordkeeping at the brokerage no more than ______ days
after the parties sign the contract.FiveSevenThreeTwo.
Answer: two
◍ Martha, a Washington DOL staff member, worked diligently to gather
evidence during the investigation phase of a disciplinary action. Can the
director appoint her as the presiding officer for the hearing?No, because she
participated in the investigation.No. She can't be appointed because she's not
a judge.Yes, because she has expert knowledge of the facts of the case.Yes.
The lead investigator is usually appointed as the presiding officer..
Answer: No, because she participated in the investigation.
◍ True or false: the commission budget is part of the state budget.

, Answer: False
◍ Which government entity enforces Fair Housing Law?.
Answer: Washington Commission on Equal Opportunity
◍ Organization established by the commission to compensate people damaged
through actions of a licensee.
Answer: Real estate education and recovery fund
◍ Washington requires property management firms to execute written ______
with owners for whom they provide services.Agency
agreementsEmployment contractsManagement agreementsPower of
attorney.
Answer: Management agreements
◍ 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.The commission will
provide advice to the director regarding the necessary rules to support the
new laws.The commission will serve as the legislature's ambassadors in
gaining acceptance from those in the real estate industry..
Answer: The commission will provide advice to the director regarding
necessary rules to support the new laws.
◍ In Washington, which of the following statements about the duty to provide
timely accounting for all funds and property received is true?Licensees owe
this duty to their clients only.The duty doesn't include paperwork, only
funds or property.The duty of accounting may continue even after the
transaction closes.The duty requires licensees to deposit any funds they
receive into their personal bank accounts for safekeeping..
Answer: The duty of accounting may continue even after the transaction
closes.

, ◍ How long is a broker's license good for?.
Answer: 2 years
◍ The holder of an inactive license is prohibited from conducting real estate
brokerage services.
Answer: True
◍ How often are audits typically conducted on Washington brokerage
transactional and accounting records?Every seven yearsEvery three
yearsEvery two yearsEvery year.
Answer: Every three years
◍ Can director and their employees have an active license while employed by
the department?.
Answer: No, while employed with the department the director and
employees who administer, regulate or enforce real estate law must
relinquish interest in any real estate business regulated by this chapter.
Licenses placed on inactive status until cessation of employment by the
director
◍ 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.
◍ What passing score must a candidate achieve on the Washington broker's
exam?65707580.
Answer: 70%
◍ Under BRRETA, adverse physical conditions must be disclosed if within
what distance of the property?.
Answer: One mile

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