WASHINGTON STATE REAL ESTATE STUDY GUIDE
2025/2026 QUESTIONS AND ANSWERS GUARANTEE A+
✔✔If a listing agreement doesn't state that the listing broker is permitted to share
compensation with a cooperating broker, which of the following statements is true about
a cooperating (selling) broker's responsibility under Washington law?
A cooperating broker must include alternative methods of compensation in the buyer's
brokerage agreement.
The cooperating brokerage firm may decline to show to the buyer any properties for
which there is no compensation agreement with the listing broker.
The cooperating broker may require the buyer to pay a commission, even if it's not
indicated in the written agreement.
The listing brokerage firm is required to split its commission with the cooperating
brokerage firm. - ✔✔The cooperating brokerage firm may decline to show to the buyer
any properties for which there is no compensation agreement with the listing broker.
✔✔Terrance is a managing broker in Washington. He's moving to a new firm. What
does he have to do to transfer his license?
Complete the replace process.
Request approval from the Department of Licensing director.
Use the reversion form and pay the correct fee.
Use the same process as a broker. - ✔✔Use the same process as a broker.
✔✔Based on Washington statutory duties, which of the following is a material fact?
Based on a recent city council ruling, the buyer will be unable to use the property for the
intended purpose.
Property conditions that are discovered through the broker's required personal property
inspection.
Property values in the area are expected to rise sharply in the coming year.
The buyer's lender has confirmed that the loan will most likely be approved. - ✔✔Based
on a recent city council ruling, the buyer will be unable to use the property for the
intended purpose.
✔✔Carol passed her Washington licensing exam 14 months ago and hasn't applied for
her license. What happens now, if she still wants to be a broker?
,She can apply to the DOL for an extension and then apply for her license.
She'll need to take her exam again and then apply for her license.
She must take a three-hour licensing review course and then apply for her license.
She must take her coursework over and then apply for her license. - ✔✔She'll need to
take her exam again and then apply for her license.
✔✔What passing score must a candidate achieve on the Washington broker's exam?
65
70
75
80 - ✔✔70%
✔✔Martha, a Washington DOL staff member, worked diligently to gather evidence
during the investigation phase of a disciplinary action. Can the director appoint her as
the presiding officer for the hearing?
No, because she participated in the investigation.
No. She can't be appointed because she's not a judge.
Yes, because she has expert knowledge of the facts of the case.
Yes. The lead investigator is usually appointed as the presiding officer. - ✔✔No,
because she participated in the investigation.
✔✔When a Washington broker makes a deposit into a trust account, the broker's
records should show the date and payer of the deposit, and ______.
How much interest it will accrue
The associated brokerage transaction
The bank account on which it was drawn
The name of the bank employee who received it - ✔✔The associated brokerage
transaction
✔✔Margaret initially showed a property to Trina, who decided to wait to buy a house
after all. But two weeks later, without notifying Margaret, Trina made an offer on the
property through another brokerage firm. What term relates to the party (Margaret) who
started the chain of events that led to this sale?
Compensation cause
Procuring cause
Reasonable cause
Sale cause - ✔✔Procuring cause
, ✔✔Which of the following areas would be considered a "closely related field" as a
substitution for broker experience on the Washington managing broker's license
application?
Home inspection
Real estate accounting
Real property appraisal
Title insurance underwriter - ✔✔Real property appraisal
✔✔How often are audits typically conducted on Washington brokerage transactional
and accounting records?
Every seven years
Every three years
Every two years
Every year - ✔✔Every three years
✔✔Joan is one of the Washington Commission's six board members. She qualified for
appointment by having seven years' brokerage experience. She's one of at least _____
commission member(s) from east of the Cascade mountains.
Four
One
Three
Two - ✔✔two
✔✔After beginning the investigation process into a complaint against a managing
broker, the director is concerned that additional harm may be caused by waiting for the
hearing process to take place. Which of the following options does the director have?
Arrange for an immediate hearing.
Have the broker arrested.
Issue an emergency license suspension.
Wait for the regularly scheduled hearing to take place. - ✔✔Issue an emergency license
suspension.
✔✔How do you create implied agency?
Through agency disclosure
Through express written agreement
Through oral agreement
Through the parties' actions - ✔✔Through the parties' actions
✔✔Which of the following statements about trust account service charges, fees for
checks, and other administrative charges for a pooled account is true?
2025/2026 QUESTIONS AND ANSWERS GUARANTEE A+
✔✔If a listing agreement doesn't state that the listing broker is permitted to share
compensation with a cooperating broker, which of the following statements is true about
a cooperating (selling) broker's responsibility under Washington law?
A cooperating broker must include alternative methods of compensation in the buyer's
brokerage agreement.
The cooperating brokerage firm may decline to show to the buyer any properties for
which there is no compensation agreement with the listing broker.
The cooperating broker may require the buyer to pay a commission, even if it's not
indicated in the written agreement.
The listing brokerage firm is required to split its commission with the cooperating
brokerage firm. - ✔✔The cooperating brokerage firm may decline to show to the buyer
any properties for which there is no compensation agreement with the listing broker.
✔✔Terrance is a managing broker in Washington. He's moving to a new firm. What
does he have to do to transfer his license?
Complete the replace process.
Request approval from the Department of Licensing director.
Use the reversion form and pay the correct fee.
Use the same process as a broker. - ✔✔Use the same process as a broker.
✔✔Based on Washington statutory duties, which of the following is a material fact?
Based on a recent city council ruling, the buyer will be unable to use the property for the
intended purpose.
Property conditions that are discovered through the broker's required personal property
inspection.
Property values in the area are expected to rise sharply in the coming year.
The buyer's lender has confirmed that the loan will most likely be approved. - ✔✔Based
on a recent city council ruling, the buyer will be unable to use the property for the
intended purpose.
✔✔Carol passed her Washington licensing exam 14 months ago and hasn't applied for
her license. What happens now, if she still wants to be a broker?
,She can apply to the DOL for an extension and then apply for her license.
She'll need to take her exam again and then apply for her license.
She must take a three-hour licensing review course and then apply for her license.
She must take her coursework over and then apply for her license. - ✔✔She'll need to
take her exam again and then apply for her license.
✔✔What passing score must a candidate achieve on the Washington broker's exam?
65
70
75
80 - ✔✔70%
✔✔Martha, a Washington DOL staff member, worked diligently to gather evidence
during the investigation phase of a disciplinary action. Can the director appoint her as
the presiding officer for the hearing?
No, because she participated in the investigation.
No. She can't be appointed because she's not a judge.
Yes, because she has expert knowledge of the facts of the case.
Yes. The lead investigator is usually appointed as the presiding officer. - ✔✔No,
because she participated in the investigation.
✔✔When a Washington broker makes a deposit into a trust account, the broker's
records should show the date and payer of the deposit, and ______.
How much interest it will accrue
The associated brokerage transaction
The bank account on which it was drawn
The name of the bank employee who received it - ✔✔The associated brokerage
transaction
✔✔Margaret initially showed a property to Trina, who decided to wait to buy a house
after all. But two weeks later, without notifying Margaret, Trina made an offer on the
property through another brokerage firm. What term relates to the party (Margaret) who
started the chain of events that led to this sale?
Compensation cause
Procuring cause
Reasonable cause
Sale cause - ✔✔Procuring cause
, ✔✔Which of the following areas would be considered a "closely related field" as a
substitution for broker experience on the Washington managing broker's license
application?
Home inspection
Real estate accounting
Real property appraisal
Title insurance underwriter - ✔✔Real property appraisal
✔✔How often are audits typically conducted on Washington brokerage transactional
and accounting records?
Every seven years
Every three years
Every two years
Every year - ✔✔Every three years
✔✔Joan is one of the Washington Commission's six board members. She qualified for
appointment by having seven years' brokerage experience. She's one of at least _____
commission member(s) from east of the Cascade mountains.
Four
One
Three
Two - ✔✔two
✔✔After beginning the investigation process into a complaint against a managing
broker, the director is concerned that additional harm may be caused by waiting for the
hearing process to take place. Which of the following options does the director have?
Arrange for an immediate hearing.
Have the broker arrested.
Issue an emergency license suspension.
Wait for the regularly scheduled hearing to take place. - ✔✔Issue an emergency license
suspension.
✔✔How do you create implied agency?
Through agency disclosure
Through express written agreement
Through oral agreement
Through the parties' actions - ✔✔Through the parties' actions
✔✔Which of the following statements about trust account service charges, fees for
checks, and other administrative charges for a pooled account is true?
