Wa State 60-Hour Fundamentals Course Exam Prep: Licensing, Rules, Real Estate Commission Exam Set Questions And Answers.| Latest Update 2024/25|

WA STATE 60-HOUR FUNDAMENTALS COURSE EXAM PREP: LICENSING, RULES, REAL ESTATE COMMISSION EXAM SET QUESTIONS AND ANSWERS. Real estate firm - -May operate as any legal form of business (sole proprietor, LLC, etc.); must be licensed with Department of Licensing and have an active designated broker; license renews every two years Broker - -Works under the supervision of a managing broker, designated broker, or branch manager Designated broker - -Managing broker endorsed by the Department of Licensing and authorized to act on the firm's behalf in day-to-day operations; sole proprietors must have designated broker endorsement Broker licensure requirements - -18+; high school diploma or equivalent; fingerprinting/background check; 90 hours real estate pre-licensing education; pass broker's exam Managing broker licensure requirements - -Same as broker requirements, plus: three years' full-time broker experience or other DOL-approved qualification; 90 hours coursework including real estate brokerage management, business management, and advanced real estate law; pass managing broker's exam Ways a license can be involuntarily deactivated - -Affiliated firm closes or fails to maintain active license; designated broker leaves or fails to maintain active license; licensee doesn't renew license; licensee goes to work for the Department of Licensing First broker's license renewal requirements - -Three-hour course on current issues in WA real estate; 27 hours approved continuing education; 30 hours advanced practice; 30 hours real estate law Second (and subsequent) broker's license and managing broker's license renewal requirements - - Three-hours course on current issues in WA real estate; 27 hours approved continuing education Out-of-state licensees - -May perform certain WA brokerage services if they: hold an active equivalent license in their state and provide a copy of it; work with a WA designated broker; consent to WA jurisdiction in any legal proceedings that arise from the transaction