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Exam (elaborations)

Washington State Real Estate Test Paper 2025/2026 Questions And Answers Guarantee A+

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WASHINGTON STATE REAL ESTATE TEST PAPER 2025/2026 QUESTIONS AND ANSWERS GUARANTEE A+

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WASHINGTON STATE REAL ESTATE TEST PAPER
2025/2026 QUESTIONS AND ANSWERS GUARANTEE A+
✔✔Deana is a broker for North Washington Realty, LLC, and is the listing broker from a
property. In this transaction, what kinds of compensation is Deana entitled to receive
from payors other than her brokerage firm? - ✔✔All compensation must be paid through
her broker.

✔✔Olympia broker Ethan has advertised that he'll rebate a portion of his commission to
buyer clients. For Ethan to be allowed to make this deal, which of the following must be
true?

a. Ethan is a designated broker.
b. The buyers' lender must be made aware of the rebate. - ✔✔b. The buyers' lender
must be made aware of the rebate.

✔✔In Washington, which agency is authorized to disseminate and enforce real estate
licensing laws? - ✔✔Department of Licensing

✔✔Which of the following information must appear on the firm's records for a trust
account deposit?

a. The estimated closing date
b. The names of all contract parties
c. The payee
d. The source of funds - ✔✔d. The source of funds

✔✔Which of the following is true regarding the definition of agency in Washington? -
✔✔Agency describes the relationship between the real estate professional and the
person or persons being represented

✔✔Which of the following is an allowable referral gift a Washington broker may give to
an unlicensed person?

a. $100 gift card
b. $400 in cash for referrals given after the person closes his or her own transaction
c. A $100 restaurant gift certificate once the referred person signs a contract
d. A home value consultation, valued at $200, for new clients only - ✔✔b. $400 in cash
for referrals given after the person closes his or her own transaction

RCW 18.85 permits brokers to pay a referral fee to an unlicensed person who's not a
party to a transaction as long as the referral fee isn't contingent upon the broker or the
firm receiving any compensation.

,✔✔In Washington, a designated broker ______. - ✔✔Holds a managing broker's
license with a special DOL endorsement

✔✔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

✔✔Roberto has been a managing broker for 15 years. He's been offered a position with
the Washington State Department of Licensing. Which of these statements about this
situation is true?

a. Active or previously licensed individuals aren't eligible for employment by the DOL.

b. In order to accept the DOL position, Roberto must inactivate his license.

c. Roberto may continue his real estate business, but only with strict oversight from the
DOL.

d. Roberto may continue to actively work with clients to buy and sell real estate while
employed by the DOL. - ✔✔b. In order to accept the DOL position, Roberto must
inactivate his license.

✔✔RCW 18.86.030 requires brokers to disclose certain information to all parties
regarding whom they represent. Which of the following scenarios depicts a broker
adhering to this law? - ✔✔Arlene disclosed that she represented the buyer in the
purchase and sale agreement's "agency disclosure" section.

✔✔Which of these is an example of commingling in Washington?
a. Mixing earnest money with personal funds
b. Mixing two earnest money deposits
c. paying licensee bonuses from forfeited escrow deposits
d. Using escrow funds to pay business expenses - ✔✔Mixing earnest money with
personal funds

✔✔What is the maximum amount of time that can elapse between completing the
required coursework and applying for a Washington broker's license? - ✔✔Two years

✔✔Jon, a Washington managing broker, received an earnest money deposit check on
Saturday. Which of the following statements best represents how Jon should handle this
check after the offer's accepted?
a. Jon must deposit this check into the firm's trust account no later than the next
banking day.

b. Jon must use the night depository to ensure that the check is deposited by the next
day.

, c. Jon should deposit this in the firm's operating account until it can be transferred to the
trust account.

d. Jon shouldn't have accepted the check until the bank was open so he could deposit it
immediately. - ✔✔Jon must deposit this check into the firm's trust account no later than
the next banking day.

✔✔Which of the following describes a statutory duty that's performed by a Washington
managing broker?
a. Develop a formal brokerage firm mentorship program.
b. Monitor the activities of the firm's designated broker.
c. Personally supervise each transaction closing meeting
d. Provide increased supervision for new licensees. - ✔✔d. Provide increased
supervision for new licensees.

✔✔Qualified Washington commission candidates must have at least ______ years of
brokerage experience or a certain amount of related experience. - ✔✔Five years

Commission member candidates must have at least five years' brokerage experience or
three years' investigative experience with a focus on administering licensing law.

✔✔Geraldine's Washington license was suspended because she was late on her
federal student loan payments. Which of the following steps must Geraldine take to
reactivate her license? - ✔✔Make up any late payments.

✔✔Washington requires that designated brokers must ______ trust accounts monthly. -
✔✔Reconcile

✔✔In addition to real estate-specific knowledge, what does the Washington licensing
exam test for? - ✔✔Adequate knowledge of the English language

✔✔The Washington Department of Licensing cancelled Karen's license after one year
because she didn't renew it. Another six months has passed since her license was
cancelled. What does Karen have to do to get her license back?

a. Complete 30 clock hours of coursework and take the Washington portion of the
licensing exam.

b. Complete 60 clock hours of continuing education coursework and and pay all
accumulated renewal fees, penalties, and a reinstatement fee. - ✔✔b. Complete 60
clock hours of continuing education coursework and and pay all accumulated renewal
fees, penalties, and a reinstatement fee.

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