Washington State Real Estate Prep
When is a Washington real estate license required? a. When performing maintenance work for one property owner b. When performing real estate activities for others, for compensation of any kind c. When performing real estate activities for others, without compensation d. When performing real estate activities for yourself - Answer- b. When performing real estate activities for others, for compensation of any kind How is the physical license for a branch office handled in Washington? - Answer- A duplicate of the primary firm's license, which displays both the primary firm's and the branch office's address, is issued. In Washington, how many hours of coursework must an applicant complete before applying for a managing broker's license? - Answer- 90 Your client is interested in placing his earnest money deposit in an individual trust account so that he can collect the interest. How large must the deposit be for this to be an option in Washington? - Answer- Greater than $10,000 What disciplinary action will occur if a Washington broker disregards a child support order? - Answer- License suspension If a Washington real estate firm has a branch office, who's responsible for ensuring that the affiliated licensees properly maintain their licenses? a. Branch manager b. Managing broker c. Designated broker - Answer- a. Branch manager
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- November 12, 2023
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- 2023/2024
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- Exam (elaborations)
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- Questions & answers
