Wa State Exam

nab practice exam questi
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ons
WA STATE EXAM



WhatvtdisciplinaryvtactionvtwillvtoccurvtifvtavtWashingtonvtbrokervtdisregardsvtavtchildvtsupportvtorder?vt-vtanswer--
Licensevtsuspension

WhenvtmayvtavtlicenseevtreceivevtcompensationvtinvtWashingtonvtbasedvtonvtanvtappraisalvtresultvtatvtorvtabovevtavtspeci
tprearrangedvtprice?vt-vtanswer--It'svtillegalvtinvtallvtcircumstances.



HowvtisvtthevtWashingtonvtmanagingvtbroker'svtexamvtpresented?vt-vtanswer--Asvtavtsimulation-basedvtexam

InvtWashington,vtwhichvtagencyvtisvtauthorizedvttovtdisseminatevtandvtenforcevtrealvtestatevtlicensingvtlaws?vt-vtanswer--
DepartmentvtofvtLicensing

DeanavtisvtavtbrokervtforvtNorthvtWashingtonvtRealty,vtLLC,vtandvtisvtthevtlistingvtbrokervtfromvtavtproperty.vtInvtthisvttransac
n,vtwhatvtkindsvtofvtcompensationvtisvtshevtentitledvttovtreceivevtfromvtpayorsvtothervtthanvthervtbrokeragevtfirm?vt-vtanswer
Allvtcompensationvtmustvtbevtpaidvtthroughvthervtbroker

WithvtwhichvtentityvtisvtWashington'svtDOLvtdirectorvtpartneredvtinvtordervttovtcreatevtavtrealvtestatevtresearchvtcenter?vt-
vtanswer--ThevtRunstadvtCentervtforvtRealvtEstatevtStudies



ThevtWashingtonvtDepartmentvtofvtLicensingvtcancelledvtKaren'svtlicensevtaftervtonevtyearvtbecausevtshevtdidn'tvtrenewv
tAnothervtsixvtmonthsvthasvtpassedvtsincevthervtlicensevtwasvtcancelled.vtWhatvtdoesvtKarenvthavevttovtdovttovtgetvthervtlice

sevtback?vt-vtanswer--
Completevt60vtclockvthoursvtofvtcontinuingvteducationvtcourseworkvtandvtfilevtanvtaffidavitvtofvtreactivationvtwithvtthevtDOL

Karlvtplansvttovtshopvtaroundvtforvthisvtmortgagevtloanvttovtbevtsurevthe'svtgettingvtthevtbestvtinterestvtratevtandvtterms.vtWha
documentvtfromvthisvtlendervtpermitsvthimvttovtmakevtcomparisons?vt-vtanswer--
ThevtLoanvtEstimatevtpermitsvtKennethvttovtcomparisonvtshop.

WhichvtofvtthevtfollowingvttypesvtofvtcompensationvtarevtprohibitedvtinvtWashington?vt-vtanswer--
Referralvtfeesvtfromvtsettlementvtservicevtprovidersvttovtlicensees

Frank,vtavtWashingtonvtbroker,vtwantsvttovtopenvthisvtownvtWashingtonvtrealvtestatevtfirm.vtWhichvtofvtthevtfollowingvtstate
entsvtisvttrue?vt-vtanswer--Frankvtmustvteithervthirevtorvtbevtendorsedvtasvtavtdesignatedvtbroker.

InvtWashington,vtwhichvtofvtthevtfollowingvtstatementsvtregardingvtsellervtagencyvtisvttrue?vt-vtanswer--
Avtseller'svtagentvtrepresentsvtthevtseller,vtwhilevtthevtbuyer'svtagentvtrepresentsvtthevtbuyer.

WhichvtofvtthesevtisvtanvtexamplevtofvtcomminglingvtinvtWashington?vt-vtanswer--
Mixingvtearnestvtmoneyvtwithvtpersonalvtfunds

Howvtlongvtmustvtconfidentialvtinformationvtremainvtconfidential?vt-vtanswer--Forever



1vt/vt7

, nab practice exam questi
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ons
ThoughvtWashingtonvtAdministrativevtCodevtdoesvtallowvtthevtDOLvtdirectorvttovtdevelopvtwrittenvtrecognitionvtagreeme
svtwithvtothervtstates,vtinvtpractice,vtwhatvtqualifiesvtlicenseesvtfromvtothervtstatesvttovttakevtonlyvtthevtstatevtportionvtofvtthe
Washingtonvtlicensingvtexam?vt-vtanswer--Avtsimilarvtlicensevtinvtgoodvtstandingvtfromvtanothervtstate

Invtadditionvttovtpassingvtavtlicensingvtexamvtandvtprovidingvtbackgroundvtqualificationsvtandvtavtcreditvtreport,vtWashingt
vtescrowvtagentsvtmustvtprovidevtproofvtthatvttheyvtholdvtwhatvttypevtofvtinsurancevtpolicy?vt-vtanswer--

Errorsvtandvtomissions

IfvtavtpropertyvtmanagementvttrustvtaccountvtinvtWashingtonvtbearsvtinterest,vttovtwhomvtmustvtthevtinterestvtbevtdistribute
?vt-vtanswer--Thevtpropertyvtowner

InvtWashington,vtwhichvtagencyvtisvtresponsiblevtforvtapprovingvtrealvtestatevtschoolsvtandvteducation?vt-vtanswer--
DepartmentvtofvtLicensing

Tamaravtisvtassistingvtavtbuyervtwho'svtmakingvtanvtoffervtonvthervtclient'svtlistingvtinvtRenton.vtTamaravtandvtthevtbuyervtde
lopvtavtgoodvtrapport,vtandvtinvthervtdesirevttovtbevthelpful,vtTamaravtoffersvtthevtbuyervtadvicevtaboutvthowvttovtstructurevthe
offer.vtWhatvtdoesvtTamaravtriskvtbeingvtchargedvtwith?vt-vtanswer--Undisclosedvtdualvtagency

AftervtavtWashingtonvtleasevtagreementvtexpiresvtandvtavttenantvtvacatesvtthevtproperty,vtleavingvtitvtinvtgoodvtcondition,vt
wvtlongvtdoesvtthevtlandlordvthavevttovtreturnvtthevtsecurityvtdeposit?vt-vtanswer--21vtdays

WhichvtofvtthevtfollowingvtisvtavtreasonvtthatvtavtproposedvtrealvtestatevtcompanyvtnamevtmayvtbevtrejectedvtbyvtthevtWashi
tonvtStatevtDepartmentvtofvtLicensing?vt-vtanswer--Thevtnamevtimpliesvtaffiliationvtwithvtthevtgovernment.

BranchvtmanagersvtinvtWashingtonvtcanvtsupervisevtlicenseesvtandvtreviewvttheirvtcontractsvtifvtthesevtdutiesvtarevt_____
byvtthevtdesignatedvtbroker.vt-vtanswer--Delegated

Whichvtdocumentvtisvtsignedvtandvtagreedvttovtatvtclosingvtandvtreconcilesvtwhatvtthevtfinalvtfinancialvtobligationsvtarevtforv
othvtthevtbuyervtandvtseller?vt-vtanswer--Closingvtstatement

InvtWashington,vtavtdesignatedvtbrokervt______.vt-vtanswer--
Holdsvtavtmanagingvtbroker'svtlicensevtwithvtavtspecialvtDOLvtendorsement

CherylvtAnnvtreceivedvtavtsummaryvtjudgmentvtfromvtthevtDOLvtbecausevtshevtdidvtnotvt______vtwithinvt20vtdaysvtofvtrece
ngvtnoticevtofvtavtDOLvtinvestigationvt-vtanswer--Requestvtavthearing

HowvtoftenvtisvtthevtWashingtonvtCommissionvtrequiredvttovtmeet?vt-vtanswer--Fourvttimesvtavtyear

Rocco,vtanvtagentvtlicensedvtinvtGuam,vtbringsvtthevtbuyervttovtthevttablevtforvtavtWestvtSidevtRealtyvtlisting.vtWestvtSidevtw
svtRocco'svtcommissionvttovtthevtbrokeragevtfirmvtinvtRome,vtItaly.vtIsvtthisvtpermitted?vt-vtanswer--
Yes,vtasvtlongvtasvtItalyvthasvtavtrealvtestatevtregulatoryvtprogram.

Howvtdovtyouvtcreatevtimpliedvtagency?vt-vtanswer--Throughvtthevtparties'vtactions

HowvtmanyvttotalvthoursvtofvtcourseworkvtmustvtavtWashingtonvtlicenseevtrenewingvtforvtthevtfirstvttimevthavevttaken?vt-
vtanswer--90



HowvtdoesvtWashingtonvtdefinevtsubagency?vt-vtanswer--
Anvtagentvtappointedvtbyvtanothervtagentvttovtassistvtthevtprincipal


2vt/vt7