WASHINGTON REAL ESTATE PRACTICES EXAM ACTUAL EXAM 2026 | ALL QUESTIONS AND CORRECT ANSWERS | VERIFIED ANSWERS | JUST RELEASED

WASHINGTON REAL ESTATE PRACTICES EXAM ACTUAL
EXAM 2026 | ALL QUESTIONS AND CORRECT ANSWERS
| VERIFIED ANSWERS | JUST RELEASED

What is a designated broker responsible for? ---------CORRECT ANSWER-
----------------responsible for all of the firms activities, the manager of a
licensed real estate firm,


if there are multiple firms, they are still the manager of all of them.




four categories to consider when choosing between firms? ---------
CORRECT ANSWER-----------------size of the firm, specialization of the
firm, support services of the firm, commission structure of the firm




how do you know when you are an independent contractor in real
estate? ---------CORRECT ANSWER-----------------1. if you set your own
hours
2. your paid by commission not salary




someone who has been authorized by a person to represent that
person in dealings with third parties

,agent
managing broker
broker
principal
realestate brokerage relationships act
home mortgage disclosure act ---------CORRECT ANSWER-----------------
Agent




a person who authorizes an agent to represent him:
agent
managing broker
broker
principal
realestate brokerage relationships act
home mortgage disclosure act ---------CORRECT ANSWER-----------------
Principal




a person who performs brokerage services on behalf of a real estate
firm under someone elses supervision:
agent

,managing broker
broker
principal
realestate brokerage relationships act
home mortgage disclosure act ---------CORRECT ANSWER-----------------
broker




a licensee who can assume supervisory duties for a real estate firm,
though a designated broker retains ultimate authority:


agent
managing broker
broker
principal
realestate brokerage relationships act
home mortgage disclosure act ---------CORRECT ANSWER-----------------
managing broker




this washington statute incorporated some of the common law of
agency buy also changed many aspects of an agents duties:
agent

, managing broker
broker
principal
realestate brokerage relationships act
home mortgage disclosure act ---------CORRECT ANSWER-----------------
real estate brokerage relationships act




what is a fiduciary? ---------CORRECT ANSWER-----------------a person who
occupies a position of special trust in relation to someone else, like an
agent




what are a real estate agents duties that they owe to any party? 7 -------
--CORRECT ANSWER-----------------reasonable care and skill
honesty and good faith
present all written communications
disclose material facts
accounting
provide pamphlet and agency law
agency disclosure