Wa Real Estate Law Exam Solved 100%
Designated broker - Answer Person who owns some proprietorship in firm What must designated broker submit if they want to leave the firm - Answer Outstanding client trust liabilities and pending transactions. Office space requirements - Answer Office must have name or assumed name on license visible to public. -licenses must be at the location they are at If real estate sales are conducted at subdivision or tract... - Answer A license doesn't have to be there unless an office is no more than 35 miles away Firm licenses rules: - Answer -must show partnership/limited liability partnership agreement -if corporation must provide articles of incorporation -if sole proprietorship, must show completed application and fee Must also have -name and business identifier number -address for mailing and trust account locations -website -application fee and any other info director wants Renewal of firm license - Answer -renewal fee -notice of change in controlling interest -current proof of master business license Firm names - Answer Subject to approval of director -will deny if similar to others, implies public agency or government. Implies nonprofit or research org
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