Washington Real Estate Exam - State Portion With Correct Answers

Who is responsible for administration of real estate license law? Correct Answers Washington State Department of licensing Who is in charge of the divisions with the department? Correct Answers The Director, and the department of licensing Who employs the Director and all Real Estate Division Staff? Correct Answers The State What are the Director or staff of the Real Estate Division not allowed to do? Correct Answers To own interest in any real estate firm Who appoints the director? Correct Answers The Governor What does the Director do? Correct Answers They are charged with enforcing all laws, rules, and regulations relating to the licensing of real estate brokers and salespersons. The term "Real Estate License Law" refers to what? Correct Answers the statutory provisions adopted by the state legislature, and regulations issued by the director as well. Directors Regulations Correct Answers Licensees must keep a copy of these and remain informed of changes in the regulations. Real Estate Commission Correct Answers Made up of the Director and six Commissioners Who appoints Commissioners? Correct Answers The Governor. Why are Commissioners important? Correct Answers They advise the Director on the real estate industry and profession. Requirements of a Commissioner? Correct Answers 5 years of real estate experience, serves on a part-time basis for a 6 year term. Commissioner's responsibilities Correct Answers Prepares and conducts the real estate license examinations, and holds educational conferences for the benefit of the real estate industry. The Real Estate Research Center Correct Answers Was created to study real estate economics and concerns, such as affordable housing. They also advise the commission about real estate education and related matters. Who created to Real Estate Research Center Correct Answers The Commission, it was funded through a surcharge imposed on real estate license renewals.