Wa Real Estate Exam Review Questions And Answers, 100% Accurate, Graded A+/| Latest Update 2024/25|

WA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ A broker who's licensed as a managing broker and who has an endorsement from the DOL to perform specific real estate is called - -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? - -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? - -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. - -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? - -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? - -Revoked, pending the outcome of her appeal unless disciplinary authority (the DOL director) says the decision. Robert's Washington license was immediately restricted when he received the notice of a complaint had been filled against him and an investigation would follow. Whats the earliest that a hearing an be held after the notice is served. - -As soon as possible, because the director took immediate action against Robert's license. The 30-day time frame for the hearing is suspended and the hearing can take place as soon as possible. Thomas, a Washington broker, received a notice of violation for failing to provide records properly upon request. If he chooses to ignore the notice of violation what may occur? - -The director may issue a default (or summary) judgment and impose sanctions based on whatever evidence is available. Washington statutory duties specify that the licensees' duties are limited to those outlined under sate statute. based on this, which of the following are true? - -Caroline isn't prohibited by the outlined statutory duties from performing value- added services for her clients. Washington law states there are certain limited tasks which doesn't preclude value add services