Washington State Broker Exam (State Portion) Updated 4 9 Questions & Answers Correct 100%

Pre-licensing edu # of hours - ANSWERS90 hours Audits on Trust accounts - ANSWERSevery 3 years Continuting Ed - ANSWERS60 hours Managing Broker needs __ years experience - ANSWERS3 years Security Deposit Returns - ANSWERS21 days First time renewal coursework - ANSWERSNew licensees complete 30 hours of advanced practice, 30 hours of real estate law, 27 hours of CE, and the three-hour core course to renew. Subsequent license renewal requires 27 hours of CE and the core course. The director has decided that Marty's infraction wasn't serious, but Marty must be put on notice that his actions aren't acceptable. The director can issue a letter of ______ or reprimand. - ANSWERSCensure In Washington, a designated broker ______. - ANSWERSHolds a managing broker's license with a special DOL endorsement The ______ Division oversees all licensed professions in Washington. - ANSWERSBusiness and Professions In addition to the required education and experience to request a substitution, what must applicants for a Washington managing broker's license submit with the application? - ANSWERSDetailed Resume How many hours of unused CE credit may be carried over to the next license renewal period in Washington? - ANSWERS15 hrs Robert has passed his Washington broker's licensing exam. How long does he have to apply for his license? - ANSWERS1 year Which one of the following entities is responsible for creating Washington real estate laws and statutes? - ANSWERSlegislature Renee received notice of a complaint and investigation against her, and agreed to a stipulated disposition. What does this mean in Washington? - ANSWERSThe hearing process won't take place, and Renee will accept the director's sanctions as outlined to her. In general, applicants for a Washington managing broker's license may substitute ______ years of closely related experience for the three years of required broker experience - ANSWERS5 years What happens to the interest earned on pooled Washington trust accounts? - ANSWERSWashington State treasurer gets it, uses for real estate education prog Your client is interested in placing his earnest money deposit in an individual trust account so thWashington State Broker Exam (State Portion) Updated 4 9 Questions & Answers Correct 100%