WA State exam Questions Solved with Answers
Verified 100% Correct |
After a Washington lease agreement expires and a tenant vacates the property, leaving it in
good condition, how long does the landlord have to return the security deposit? - ✔✔21
days
Which of the following is a reason that a proposed real estate company name may be rejected
by the Washington State Department of Licensing? - ✔✔The name implies affiliation with
the government.
Branch managers in Washington can supervise licensees and review their contracts if these
duties are ______ by the designated broker. - ✔✔Delegated
Which document is signed and agreed to at closing and reconciles what the final financial
obligations are for both the buyer and seller? - ✔✔Closing statement
In Washington, a designated broker ______. - ✔✔Holds a managing broker's license with a
special DOL endorsement
Cheryl Ann received a summary judgment from the DOL because she did not ______ within 20
days of receiving notice of a DOL investigation - ✔✔Request a hearing
How often is the Washington Commission required to meet? - ✔✔Four times a year
Rocco, an agent licensed in Guam, brings the buyer to the table for a West Side Realty listing.
West Side wires Rocco's commission to the brokerage firm in Rome, Italy. Is this permitted? -
✔✔Yes, as long as Italy has a real estate regulatory program.
How do you create implied agency? - ✔✔Through the parties' actions
, How many total hours of coursework must a Washington licensee renewing for the first time
have taken? - ✔✔90
How does Washington define subagency? - ✔✔An agent appointed by another agent to
assist the principal
David's Washington license has been inactive for two years. What does he have to do to
reactivate it? - ✔✔Complete and submit the DOL form.
The ______ Division oversees all licensed professions in Washington. - ✔✔Business and
Professions
Terrance is a managing broker in Washington. He's moving to a new firm. What does he have to
do to transfer his license? - ✔✔Use the same process as a broker.
What's the minimum financial penalty that can be imposed for a violation of licensing law in
Washington? - ✔✔No minimum
Karen would like to sell her own home. What's the minimum real estate license she must
possess? - ✔✔None
Which of the following factors related to the property purchased will have the greatest impact
on closing costs? - ✔✔Sales price
Which of the following do a Washington broker, managing broker, designated broker, and real
estate firm have in common? - ✔✔Each is considered a licensee.
Verified 100% Correct |
After a Washington lease agreement expires and a tenant vacates the property, leaving it in
good condition, how long does the landlord have to return the security deposit? - ✔✔21
days
Which of the following is a reason that a proposed real estate company name may be rejected
by the Washington State Department of Licensing? - ✔✔The name implies affiliation with
the government.
Branch managers in Washington can supervise licensees and review their contracts if these
duties are ______ by the designated broker. - ✔✔Delegated
Which document is signed and agreed to at closing and reconciles what the final financial
obligations are for both the buyer and seller? - ✔✔Closing statement
In Washington, a designated broker ______. - ✔✔Holds a managing broker's license with a
special DOL endorsement
Cheryl Ann received a summary judgment from the DOL because she did not ______ within 20
days of receiving notice of a DOL investigation - ✔✔Request a hearing
How often is the Washington Commission required to meet? - ✔✔Four times a year
Rocco, an agent licensed in Guam, brings the buyer to the table for a West Side Realty listing.
West Side wires Rocco's commission to the brokerage firm in Rome, Italy. Is this permitted? -
✔✔Yes, as long as Italy has a real estate regulatory program.
How do you create implied agency? - ✔✔Through the parties' actions
, How many total hours of coursework must a Washington licensee renewing for the first time
have taken? - ✔✔90
How does Washington define subagency? - ✔✔An agent appointed by another agent to
assist the principal
David's Washington license has been inactive for two years. What does he have to do to
reactivate it? - ✔✔Complete and submit the DOL form.
The ______ Division oversees all licensed professions in Washington. - ✔✔Business and
Professions
Terrance is a managing broker in Washington. He's moving to a new firm. What does he have to
do to transfer his license? - ✔✔Use the same process as a broker.
What's the minimum financial penalty that can be imposed for a violation of licensing law in
Washington? - ✔✔No minimum
Karen would like to sell her own home. What's the minimum real estate license she must
possess? - ✔✔None
Which of the following factors related to the property purchased will have the greatest impact
on closing costs? - ✔✔Sales price
Which of the following do a Washington broker, managing broker, designated broker, and real
estate firm have in common? - ✔✔Each is considered a licensee.
