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Washington State Portion (Reciprocity)
Exam Questions And Answers |Latest 2025 |
Guaranteed Pass
The Director of the Department of Licensing - Answer✔The state Governor.
Is the Director or any member of the Real Estate Division staff allowed to hold any interest in a
real estate firm while employed by the state. - Answer✔No
What are commissioners required to have? - Answer✔Usually managing brokers
5 years' experience
The Commission has created the Center for Real Estate Research. The Center studies statewide
real estate concerns such as affordable housing. - Answer✔It is funded through a $10 surcharge
imposed on real estate license renewals
A broker who is not licensed in Washington but is licensed in another state may perform real
estate activities in Washington related to - Answer✔commercial real estate (though not
residential real estate with four or fewer units).
The out-of-state broker must have a written agreement to work in cooperation with a
brokerage firm licensed in Washington.
The individuals working for a firm are known as - Answer✔affiliated licensees.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
Brokers and managing brokers can be affiliated with how may firms at once? - Answer✔they
can be affiliated with only one firm at a time.
As part of the process of getting a license, a real estate firm must name a designated broker
who will have authority over the firm.
The designated broker must have what type of license? - Answer✔a managing broker's license.
Managing Broker - Answer✔A managing broker may supervise other licensees, and serve as a
branch manager or as the firm's designated broker. Alternatively, he may simply perform
traditional broker duties.
On a new agent how many days for a transaction to be reviewed/checked -
Answer✔heightened level of supervision, including the review of all of her transaction
documents within five days of signing.
What is a Designated Broker? - Answer✔Designated broker is an endorsement on a managing
broker's license. As we said, every real estate firm must have a designated broker. If a firm is a
sole proprietorship, the owner is the designated broker.
How many firms can a designated broker serve at once? - Answer✔An individual may serve as
the designated broker for more than one firm at the same time.
What is done if a firm shuts down entirely? - Answer✔the designated broker must submit a
closing firm affidavit.
Managing Broker class requirements - Answer✔completed 90 clock hours of approved real
estate courses within the last three years, including one 30-hour course in advanced real estate
law, 30-hour course in brokerage management, and 30-hour course in business management.
2
Washington State Portion (Reciprocity)
Exam Questions And Answers |Latest 2025 |
Guaranteed Pass
The Director of the Department of Licensing - Answer✔The state Governor.
Is the Director or any member of the Real Estate Division staff allowed to hold any interest in a
real estate firm while employed by the state. - Answer✔No
What are commissioners required to have? - Answer✔Usually managing brokers
5 years' experience
The Commission has created the Center for Real Estate Research. The Center studies statewide
real estate concerns such as affordable housing. - Answer✔It is funded through a $10 surcharge
imposed on real estate license renewals
A broker who is not licensed in Washington but is licensed in another state may perform real
estate activities in Washington related to - Answer✔commercial real estate (though not
residential real estate with four or fewer units).
The out-of-state broker must have a written agreement to work in cooperation with a
brokerage firm licensed in Washington.
The individuals working for a firm are known as - Answer✔affiliated licensees.
1
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+
Brokers and managing brokers can be affiliated with how may firms at once? - Answer✔they
can be affiliated with only one firm at a time.
As part of the process of getting a license, a real estate firm must name a designated broker
who will have authority over the firm.
The designated broker must have what type of license? - Answer✔a managing broker's license.
Managing Broker - Answer✔A managing broker may supervise other licensees, and serve as a
branch manager or as the firm's designated broker. Alternatively, he may simply perform
traditional broker duties.
On a new agent how many days for a transaction to be reviewed/checked -
Answer✔heightened level of supervision, including the review of all of her transaction
documents within five days of signing.
What is a Designated Broker? - Answer✔Designated broker is an endorsement on a managing
broker's license. As we said, every real estate firm must have a designated broker. If a firm is a
sole proprietorship, the owner is the designated broker.
How many firms can a designated broker serve at once? - Answer✔An individual may serve as
the designated broker for more than one firm at the same time.
What is done if a firm shuts down entirely? - Answer✔the designated broker must submit a
closing firm affidavit.
Managing Broker class requirements - Answer✔completed 90 clock hours of approved real
estate courses within the last three years, including one 30-hour course in advanced real estate
law, 30-hour course in brokerage management, and 30-hour course in business management.
2
