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What disciplinary action will occur if a Washington broker disregards a child support order? - ANSWER License suspension When may a licensee receive compensation in Washington based on an appraisal result at or above a specific prearranged price? - ANSWER It's illegal in all circumstances. How is the Washington managing broker's exam presented? - ANSWER As a simulation-based exam In Washington, which agency is authorized to disseminate and enforce real estate licensing laws? - ANSWER Department of Licensing Deana is a broker for North Washington Realty, LLC, and is the listing broker from a property. In this transaction, what kinds of compensation is she entitled to receive from payors other than her brokerage firm? - ANSWER All compensation must be paid through her broker With which entity is Washington's DOL director partnered in order to create a real estate research center? - ANSWER The Runstad Center for Real Estate Studies The Washington Department of Licensing cancelled Karen's license after one year because she didn't renew it. Another six months has passed since her license was cancelled. What does Karen have to do to get her license back? - ANSWER Complete 60 clock hours of continuing education coursework and file an affidavit of reactivation with the DOL. Karl plans to shop around for his mortgage loan to be sure he's getting the best interest rate and terms. What document from his lender permits him to make comparisons? - ANSWER The Loan Estimate permits Kenneth to comparison shop. Which of the following types of compensation are prohibited in Washington? - ANSWER Referral fees from settlement service providers to licensees Frank, a Washington broker, wants to open his own Washington real estate firm. Which of the following statements is true? - ANSWER Frank must either hire or be endorsed as a designated broker. In Washington, which of the following statements regarding seller agency is true? - ANSWER A seller's agent represents the seller, while the buyer's agent represents the buyer. W