Washington Real Estate Exam Questions with Verified Answers
(Correct Update)
Question 1: Multiple listing service- Cooperative agreements between brokers to share
information usually are established at the NAR local level. Chapter 1
Answer: MLS
Question 2: 1. The listing 2. The contract for sale 3. Financing 4. Settlement Chapter 1
Answer: Stages of the real estate transaction
Question 3: A contract wherein a property owner employs a real estate firm to market a
property for a prescribed period of time at a prescribed price and terms. The real estate firm
becomes the agent of the seller. This contract does not authorize the licensee to bind the seller
in a contract to sell the property. Chapter 1
Answer: Listing contract
Question 4: Where the state requires that the people in the real estate business be licensed by
the state. There to protect the public. Chapter 1
Answer: Real estate license law
Question 5: National association of realtors (established in 1908) Chapter 1
Answer: NAR
Question 6: Association of real estate license law officials. Made up of licensed law officials
representing ever state. Organized in (1930) Chapter 1
Answer: ARELLO
Page 1
,Question 7: 2 parts-1. questions about the license law statues, rules and regulations. (State law)
2. Questions covering all other real estate subjects (national law) Chapter 1
Answer: License exams
Question 8: A real estate broker is any person, partnership, association, or corporation who
for a payment or other valuable consideration... *lists or offers to list *sells or offers to sell
*buys or offers to buy *auctions or offers to auction *negotiates the purchase, sale or exchange
and/or leases or rents or offers to rent any real estate for others. Chapter 1
Answer: Broker's Activities
Question 9: All licensees Chapter 1
Answer: Who are brokers?
Question 10: Being subject to heightened degree of supervision for the initial 2 yrs of licensing.
Chapter 1
Answer: Broker responsibilities (with less than 2 yrs. experience)
Question 11: Natural & artificial Chapter 4
Answer: Physical factors of land can be _____ & ________.
Question 12: Location, topography, soil conditions, size and shape, likelihood of flooding,
weather variables, presence or absence of minerals. Chapter 4
Answer: Natural physical features.....
Page 2
, Question 13: Streets, highways, adjacent land use patterns, availability of public utilities, rail
and air access, air and water quality. Chapter 4
Answer: Artificial factors
Question 14: Private and complete ownership of property. (1785) Chapter 4
Answer: Allodial
Question 15: For real property from government to owner Chapter 4
Answer: Patents
Question 16: Convey Public land from government used for roads etc. Chapter 4
Answer: Land grants
Question 17: Land use intensity- includes floor area, open space, living space, and recreation
spaces. Chapter 4
Answer: LUI
Question 18: Planned unit developments Chapter 4
Answer: PUD's
Question 19: Zoning laws are enacted in the exercise of police power. Chapter 4
Answer: Zoning
Page 3
(Correct Update)
Question 1: Multiple listing service- Cooperative agreements between brokers to share
information usually are established at the NAR local level. Chapter 1
Answer: MLS
Question 2: 1. The listing 2. The contract for sale 3. Financing 4. Settlement Chapter 1
Answer: Stages of the real estate transaction
Question 3: A contract wherein a property owner employs a real estate firm to market a
property for a prescribed period of time at a prescribed price and terms. The real estate firm
becomes the agent of the seller. This contract does not authorize the licensee to bind the seller
in a contract to sell the property. Chapter 1
Answer: Listing contract
Question 4: Where the state requires that the people in the real estate business be licensed by
the state. There to protect the public. Chapter 1
Answer: Real estate license law
Question 5: National association of realtors (established in 1908) Chapter 1
Answer: NAR
Question 6: Association of real estate license law officials. Made up of licensed law officials
representing ever state. Organized in (1930) Chapter 1
Answer: ARELLO
Page 1
,Question 7: 2 parts-1. questions about the license law statues, rules and regulations. (State law)
2. Questions covering all other real estate subjects (national law) Chapter 1
Answer: License exams
Question 8: A real estate broker is any person, partnership, association, or corporation who
for a payment or other valuable consideration... *lists or offers to list *sells or offers to sell
*buys or offers to buy *auctions or offers to auction *negotiates the purchase, sale or exchange
and/or leases or rents or offers to rent any real estate for others. Chapter 1
Answer: Broker's Activities
Question 9: All licensees Chapter 1
Answer: Who are brokers?
Question 10: Being subject to heightened degree of supervision for the initial 2 yrs of licensing.
Chapter 1
Answer: Broker responsibilities (with less than 2 yrs. experience)
Question 11: Natural & artificial Chapter 4
Answer: Physical factors of land can be _____ & ________.
Question 12: Location, topography, soil conditions, size and shape, likelihood of flooding,
weather variables, presence or absence of minerals. Chapter 4
Answer: Natural physical features.....
Page 2
, Question 13: Streets, highways, adjacent land use patterns, availability of public utilities, rail
and air access, air and water quality. Chapter 4
Answer: Artificial factors
Question 14: Private and complete ownership of property. (1785) Chapter 4
Answer: Allodial
Question 15: For real property from government to owner Chapter 4
Answer: Patents
Question 16: Convey Public land from government used for roads etc. Chapter 4
Answer: Land grants
Question 17: Land use intensity- includes floor area, open space, living space, and recreation
spaces. Chapter 4
Answer: LUI
Question 18: Planned unit developments Chapter 4
Answer: PUD's
Question 19: Zoning laws are enacted in the exercise of police power. Chapter 4
Answer: Zoning
Page 3
