Washington State Specific Real Estate Exam 33 realistic
questions and verified answers with 100% complete solutions.
Qualifications for wa state real estate commission - ANSWER: 5 years of
experience performing real estate brokerage services in this state or 3 years
experience in investigative work of a similar nature, preferably in relation to the
administration of real estate license law in Washington or elsewhere.
Who appoints the real estate commission seats? - ANSWER: The governor must
appoint 6 commission members for a term of 6 years each. At least two will be
selected from the area east of the cascade mountains and two from the west.
How often does the commission meet per year? - ANSWER: 4 times a year or at the
call of the director
Can director and their employees have an active license while employed by the
department? - ANSWER: No, while employed with the department the director and
employees who administer, regulate or enforce real estate law must relinquish
interest in any real estate business regulated by this chapter. Licenses placed on
inactive status until cessation of employment by the director
Can licensees employed by a town, city or county hold active licenses? - ANSWER:
Yes and their managing brokers aren't responsible for their transactions in behalf
of their town, city or county employer
What are requirements for a broker's license? - ANSWER: 18+, high school diploma
or equivalent, 90 hours of instruction in real estate within two years before applying
for a license, pass the exam,
Managing Broker's license requirements - ANSWER: 18+, high school diploma or
equivalent, 3 years of licensed real estate experience or equivalent in Washington
or another state, pass exam, 90 hours of instruction -- at least 30 have to be clock
hours.
How long must a licensee be suspended before the Real Estate Commission posts
said licensee's name on their website? - ANSWER: 60 days
What's the maximum fine for violating the Sherman Anti Trust Act? - ANSWER:
$1,000,000 for individuals and $100,000,000 for corporations
What act allowed homeowners the option of creating or submitting a plan for a
homeowners association? - ANSWER: Washington Property Owners Association Act
How much money can a community association have before fidelity insurance is
purchased? - ANSWER: 60K
questions and verified answers with 100% complete solutions.
Qualifications for wa state real estate commission - ANSWER: 5 years of
experience performing real estate brokerage services in this state or 3 years
experience in investigative work of a similar nature, preferably in relation to the
administration of real estate license law in Washington or elsewhere.
Who appoints the real estate commission seats? - ANSWER: The governor must
appoint 6 commission members for a term of 6 years each. At least two will be
selected from the area east of the cascade mountains and two from the west.
How often does the commission meet per year? - ANSWER: 4 times a year or at the
call of the director
Can director and their employees have an active license while employed by the
department? - ANSWER: No, while employed with the department the director and
employees who administer, regulate or enforce real estate law must relinquish
interest in any real estate business regulated by this chapter. Licenses placed on
inactive status until cessation of employment by the director
Can licensees employed by a town, city or county hold active licenses? - ANSWER:
Yes and their managing brokers aren't responsible for their transactions in behalf
of their town, city or county employer
What are requirements for a broker's license? - ANSWER: 18+, high school diploma
or equivalent, 90 hours of instruction in real estate within two years before applying
for a license, pass the exam,
Managing Broker's license requirements - ANSWER: 18+, high school diploma or
equivalent, 3 years of licensed real estate experience or equivalent in Washington
or another state, pass exam, 90 hours of instruction -- at least 30 have to be clock
hours.
How long must a licensee be suspended before the Real Estate Commission posts
said licensee's name on their website? - ANSWER: 60 days
What's the maximum fine for violating the Sherman Anti Trust Act? - ANSWER:
$1,000,000 for individuals and $100,000,000 for corporations
What act allowed homeowners the option of creating or submitting a plan for a
homeowners association? - ANSWER: Washington Property Owners Association Act
How much money can a community association have before fidelity insurance is
purchased? - ANSWER: 60K
