WA Real Estate exam part 2 questions and answers 100% pass

WA Real Estate exam part 2 questions and answers 100% pass At what point in a transaction must you disclose your agency status in writing? A. at closing B. When first meeting any potential party to the transaction C. Within 24 hours after a party signs an offer D. Before a party signs an offer D. Before a party signs an offer A counteroffer: A. acts as a rejection of the current offer B. is used to rescind a previously existing contract C. is used to only to make an offer contingent on a particular event D. is used when a buyer wants to make an offer where the seller has already accepted an offer A. acts as rejection of the current offer Which of the following practices would not be an illegal discrimination action? A. Always assigning minority buyers to work with minority agents B. Referring all Spanish-speaking buyers to Spanish-speaking colleagues C. referring a buyer to a spanish-speaking colleague after the buyer expressed a preference to work with a Spanish-speaking agent D. Failing to transmit an offer from an asian buyer to the seller of the property in an all-white neighborhood C. referring a buyer to a spanish-speaking colleague after the buyer expressed a preference to work with a Spanish-speaking agent if a contingency is not fulfilled despite a good faith effort to fulfill it, what may the person who benefits from the contingency do? A. terminate the agreement and have the earnest money deposit returned B. waive the contingency and continue with the agreement C. Sue the other party for a breach of contract D. Either A or B D. Either A or B Under which type of listing will the seller owe a commission to the listing agent regardless of who is the procuring cause of the sale? A. open listing b. exclusive agency c. exclusive right to sell d. net listing C. exclusive right to sell under which type of listing will an agent receive a commission only if he is the procuring cause of the sale? A. open listing b. exclusive agency c. exclusive right to sell d. net listing a. open listing all of the following should be taken into account in choosing a closing date, except: a. the due date of the next installment of property taxes b. how long the seller needs to make any necessary repairs c. whether the buyer needs to sell her current home d. the time needed to clear away any liens a. the due date of the next installment of property taxes excise tax is usually paid by the: a. buyer b. seller c. lender d. borrower