WA State Real Estate Exam (2025)
Comprehensive Questions and
Verified Answers 2026 Updated.
1. At what point in a transaction must you disclose your agency status in writing? - Answer
When first meeting any potential party to the transaction
A counteroffer: - Answer acts as a rejection of the initial offer
3. Which of the following practices would not be an illegal discriminatory action? - Answer
Referring a buyer to a Spanish-speaking colleague work with a Spanish-speaking agent
4. If a contingency is not fulfilled despite a good faith effort to fulfill it, what may the person
who benefits from the contingency do? - Answer Terminate the agreement and have the
earnest money deposit returned
Waive the contingency and continue with the agreement. Both
5. Under which type of listing will the seller owe a commission to the listing agent regardless of
who is the proçuring cause of the sale? - Answer Exclusive right to sell
If an investor purchases a property for $20,000 and intends to make a 5% profit, how much
should he sell the property for, not factoring in taxes and closing costs? - Answer $21,000
Who is responsible for the day of closing when prorating to the day of closing? - Answer Buyer
The Washington Revised Code (RCW) and Administrative Code(WAC) contain the real estate
license laws as well as all permanent laws now in force in the state. It is a good place for
licensees to go for information on - Answer Required duties and business regulations
When property managers have many vacancies and there is competition in the marketplace
from similar properties, who has leverage in negotiations? - Answer The tenant
Calculate 7 months of interest on a $375,000 loan with an interest rate of 4.5%. - Answer
$1,406.25
, What does the habendum clause in a deed indicate? - Answer The quantity or extent of the
interest being conveyed
What is the interest rate on a loan of $105,000 with an annual interest of $3,150? - Answer 3%
Hal is a broker who is behind on his child support payments, but knows he can catch up after his
next big sale. Hal's license may be before that can happen. - Answer Suspended
Which of the following phrases would be considered discriminatory if used in an
advertisement? - Answer "2-2 available for empty nesters"
When a party makes changes to an offer and re-presents the new offer, it is called a(n). - Answer
Counter offer
If zoning officials do not want to grant a variance, what may be done to allow a varying use of
the property with specific restrictions to that owner's use? - Answer Conditional use permit
What did the Bill and Mary originally pay for their home that they sold for $178,000 in which
they realized a 10% profit? - Answer $161,818
What does "prorate" mean? - Answer Divide proportionately
How does an underwriter verify an applicant's income? - Answer Past two years of the
borrower's tax returns
Which type of real estate agreement must be in writing to be enforceable? - Answer Month-
to-month rental agreement
Ben's seller client is depending on him to help the seller decide on a fair price for the property.
If Ben were to advise a low price and then bid on the property himself, this would be grounds
for - Answer Disciplinary action
A duty of is owed to third parties to the transaction. - Answer Honesty, fairness and material
facts about the property
Comprehensive Questions and
Verified Answers 2026 Updated.
1. At what point in a transaction must you disclose your agency status in writing? - Answer
When first meeting any potential party to the transaction
A counteroffer: - Answer acts as a rejection of the initial offer
3. Which of the following practices would not be an illegal discriminatory action? - Answer
Referring a buyer to a Spanish-speaking colleague work with a Spanish-speaking agent
4. If a contingency is not fulfilled despite a good faith effort to fulfill it, what may the person
who benefits from the contingency do? - Answer Terminate the agreement and have the
earnest money deposit returned
Waive the contingency and continue with the agreement. Both
5. Under which type of listing will the seller owe a commission to the listing agent regardless of
who is the proçuring cause of the sale? - Answer Exclusive right to sell
If an investor purchases a property for $20,000 and intends to make a 5% profit, how much
should he sell the property for, not factoring in taxes and closing costs? - Answer $21,000
Who is responsible for the day of closing when prorating to the day of closing? - Answer Buyer
The Washington Revised Code (RCW) and Administrative Code(WAC) contain the real estate
license laws as well as all permanent laws now in force in the state. It is a good place for
licensees to go for information on - Answer Required duties and business regulations
When property managers have many vacancies and there is competition in the marketplace
from similar properties, who has leverage in negotiations? - Answer The tenant
Calculate 7 months of interest on a $375,000 loan with an interest rate of 4.5%. - Answer
$1,406.25
, What does the habendum clause in a deed indicate? - Answer The quantity or extent of the
interest being conveyed
What is the interest rate on a loan of $105,000 with an annual interest of $3,150? - Answer 3%
Hal is a broker who is behind on his child support payments, but knows he can catch up after his
next big sale. Hal's license may be before that can happen. - Answer Suspended
Which of the following phrases would be considered discriminatory if used in an
advertisement? - Answer "2-2 available for empty nesters"
When a party makes changes to an offer and re-presents the new offer, it is called a(n). - Answer
Counter offer
If zoning officials do not want to grant a variance, what may be done to allow a varying use of
the property with specific restrictions to that owner's use? - Answer Conditional use permit
What did the Bill and Mary originally pay for their home that they sold for $178,000 in which
they realized a 10% profit? - Answer $161,818
What does "prorate" mean? - Answer Divide proportionately
How does an underwriter verify an applicant's income? - Answer Past two years of the
borrower's tax returns
Which type of real estate agreement must be in writing to be enforceable? - Answer Month-
to-month rental agreement
Ben's seller client is depending on him to help the seller decide on a fair price for the property.
If Ben were to advise a low price and then bid on the property himself, this would be grounds
for - Answer Disciplinary action
A duty of is owed to third parties to the transaction. - Answer Honesty, fairness and material
facts about the property
