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Exam (elaborations)

Washington State Specific Real Estate Exam

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2025/2026 Written for academic year
Institution WASHINGTON STATE
Course WASHINGTON STATE
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WASHINGTON STATE SPECIFIC REAL ESTATE EXAM

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nab practice exam questi
vt vt vt


ons
WASHINGTON STATE SPECIFIC REAL ESTATE EXAM

Qualificationsvtforvtwavtstatevtrealvtestatevtcommissionvt-vtanswer--
5vtyearsvtofvtexperiencevtperformingvtrealvtestatevtbrokeragevtservicesvtinvtthisvtstatevtorvt3vtyearsvtexperiencevtinvtinvestig
ivevtworkvtofvtavtsimilarvtnature,vtpreferablyvtinvtrelationvttovtthevtadministrationvtofvtrealvtestatevtlicensevtlawvtinvtWashingto
torvtelsewhere.



Whovtappointsvtthevtrealvtestatevtcommissionvtseats?vt-vtanswer--
Thevtgovernorvtmustvtappointvt6vtcommissionvtmembersvtforvtavttermvtofvt6vtyearsvteach.vtAtvtleastvttwovtwillvtbevtselectedvt
mvtthevtareavteastvtofvtthevtcascadevtmountainsvtandvttwovtfromvtthevtwest.

Howvtoftenvtdoesvtthevtcommissionvtmeetvtpervtyear?vt-vtanswer--4vttimesvtavtyearvtorvtatvtthevtcallvtofvtthevtdirector

Canvtdirectorvtandvttheirvtemployeesvthavevtanvtactivevtlicensevtwhilevtemployedvtbyvtthevtdepartment?vt-vtanswer--
No,vtwhilevtemployedvtwithvtthevtdepartmentvtthevtdirectorvtandvtemployeesvtwhovtadminister,vtregulatevtorvtenforcevtreal
statevtlawvtmustvtrelinquishvtinterestvtinvtanyvtrealvtestatevtbusinessvtregulatedvtbyvtthisvtchapter.vtLicensesvtplacedvtonvtin
tivevtstatusvtuntilvtcessationvtofvtemploymentvtbyvtthevtdirector

Canvtlicenseesvtemployedvtbyvtavttown,vtcityvtorvtcountyvtholdvtactivevtlicenses?vt-vtanswer--
Yesvtandvttheirvtmanagingvtbrokersvtaren'tvtresponsiblevtforvttheirvttransactionsvtinvtbehalfvtofvttheirvttown,vtcityvtorvtcounty
mployer

Whatvtarevtrequirementsvtforvtavtbroker'svtlicense?vt-vtanswer--
18+,vthighvtschoolvtdiplomavtorvtequivalent,vt90vthoursvtofvtinstructionvtinvtrealvtestatevtwithinvttwovtyearsvtbeforevtapplying
orvtavtlicense,vtpassvtthevtexam,

ManagingvtBroker'svtlicensevtrequirementsvt-vtanswer--
18+,vthighvtschoolvtdiplomavtorvtequivalent,vt3vtyearsvtofvtlicensedvtrealvtestatevtexperiencevtorvtequivalentvtinvtWashingto
orvtanothervtstate,vtpassvtexam,vt90vthoursvtofvtinstructionvt--vtatvtleastvt30vthavevttovtbevtclockvthours.

HowvtlongvtmustvtavtlicenseevtbevtsuspendedvtbeforevtthevtRealvtEstatevtCommissionvtpostsvtsaidvtlicensee'svtnamevtonvt
eirvtwebsite?vt-vtanswer--60vtdays

What'svtthevtmaximumvtfinevtforvtviolatingvtthevtShermanvtAntivtTrustvtAct?vt-vtanswer--
$1,000,000vtforvtindividualsvtandvt$100,000,000vtforvtcorporations

Whatvtactvtallowedvthomeownersvtthevtoptionvtofvtcreatingvtorvtsubmittingvtavtplanvtforvtavthomeownersvtassociation?vt-
vtanswer--WashingtonvtPropertyvtOwnersvtAssociationvtAct



Howvtmuchvtmoneyvtcanvtavtcommunityvtassociationvthavevtbeforevtfidelityvtinsurancevtisvtpurchased?vt-vtanswer--60K

Howvtoftenvtdoesvtavtlicenseevtneedvttovtrenewvttheirvtlicense?vt-vtanswer--
Everyvt2vtyearsvtbyvtcompletingvtthevtminimumvtrequiredvt30vtclockvthoursvtofvtinstruction

Thevtholdervtofvtanvtinactivevtlicensevtisvtprohibitedvtfromvtconductingvtrealvtestatevtbrokeragevtservicesvt-vtanswer--True


1vt/vt2

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