Washington Real Estate Train Agents AMP Pre- License Mock Exam Questions and Answers

Washington Real Estate Train Agents AMP Pre- License Mock Exam Questions and Answers A firm's satellite office at a new condominium does not need a managing broker on site if it is within how many miles of the nearest branch office? A) 20 B) 35 C) 40 D) 50 - Ans ️️ -B) 35 Feedback: Correct: State regulations allow a satellite sales office without a managing broker present if is within 35 miles of the nearest branch office. When a licensee is determined by the state to not be in compliance of court-ordered child support payments, the Department of Licensing can: A) suspend the licensee's license until current B) revoke the licensee's license until current C) notify the licensee's firm to withhold commissions D) any of the above - Ans ️️ -A) suspend the licensee's license until current Feedback: Correct: Since the state issues a person's license, it has the authority to suspend that license if the licensee is not meeting the court's order of child support. In order for a firm to terminate an affiliate's working relationship, the firm must: A) both parties must concur and submit to the DOL in writing B) either party can act unilaterally to terminate an affiliation C) the designated broker must take action, but only with cause of the affiliate D) the DOL must give permission for termination - Ans ️️ -B) either party can act unilaterally to terminate an affiliation Feedback: Incorrect: Either the affiliate or the firm can unilaterally terminate an affiliation and notify the DOL of their desire. Termination would be completed when the affiliated license is sent back to the DOL for processing. If a licensee does not renew their license for over a year, the license is: A) cancelled and the person must start all over with getting a license B) cancelled unless the continuing education requirement is met C) inactive until renewed D) suspended - Ans ️️ -A) cancelled and the person must start all over with getting a license Feedback: Correct: A licensee is granted a 1 year grace period regarding their license. After 1 year, the license is cancelled and the individual would have to start all over again with the requirements of licensing. When a licensee terminates their affiliation with a firm, the designated broker must: A) start termination procedures immediately B) release all listing agreements owned by the license C) both are correct D) neither are correct - Ans ️️ -A) start termination procedures immediately Feedback: Correct: The listings are owned by the firm and retained by the firm. The designated broker must start the DOL termination procedures immediately. When a brokerage firm is under investigation involving an affiliated licensee, the designated broker for the firm must do all of the following EXCEPT: A) respond to DOL request for records B) allow investigators access to requested records C) respond with a written statement when requested D) respond to a court ordered subpoena even if the firm is not mentioned - Ans ️️ -D) respond to a court ordered subpoena even if the firm is not