Wa Real Estate Questions And Answers

A broker who's licensed as a managing broker and who has an endorsement from the DOL to perform specific real estate is called - Answer- Designated Broker Explanation: A designated broker holds a managing brokers license thats endorsed by the DOL. A broker at this level manages the firm and may supervise other brokers. Every firm must have a designated broker. What regulatory authority does the Washington Real Estate Commission have? - Answer- The Washington Real Estate Commission has NO regulatory authority. Instead, it serves to provide industry-specific advice to the DOL and to assist in implementing licensing rules & regulations. Which Washington department is responsible for managing and administering real estate licensing functions? - Answer- Department of Licensing, oversees the states real estate industry and is responsible for managing and administering licensing law Cheryl received a summary judgment from the DOL because she did not _________________ within 20 days of receiving notice of the DOL investigation. - Answer- Request a hearing Marcel has been engaging in shady real estate practice. No one has filled a complaint against him. However, the DOL director hears about it. What option does the director have? - Answer- Launch an investigation with out a formal complaint. No formal complaint is required if there is a reason to believe a violation. Rowena, who's the subject of an administrative hearing, has decided to appeal her license revocation to a Washington superior court. Whats the status of her license until the appeal is heard? - Answer- Revoked, pending the outcome of her appeal unless di