Washington Real Estate TrainAgents AMP Pre-License Mock Exams Correct 100%(SCORED A+)

Mock Exam 1 - ANSWERS A firm's satellite office at a new condominium does not need a managing broker on site if it is within how many miles of the nearest branch office? A) 20 B) 35 C) 40 D) 50 - ANSWERSB) 35 Feedback: Correct: State regulations allow a satellite sales office without a managing broker present if is within 35 miles of the nearest branch office. When a licensee is determined by the state to not be in compliance of court-ordered child support payments, the Department of Licensing can: A) suspend the licensee's license until current B) revoke the licensee's license until current C) notify the licensee's firm to withhold commissions D) any of the above - ANSWERSA) suspend the licensee's license until current Feedback: Correct: Since the state issues a person's license, it has the authority to suspend that license if the licensee is not meeting the court's order of child support. In order for a firm to terminate an affiliate's working relationship, the firm must: A) both parties must concur and submit to the DOL in writing B) either party can act unilaterally to terminate an affiliation C) the designated broker must take action, but only with cause of the affiliate D) the DOL must give permission for termination - ANSWERSB) either party can act unilaterally to terminate an affiliation Feedback: Incorrect: Either the affiliate or the firm can unilaterally terminate an affiliation and notify the DOL of their desire. Termination would be completed when the affiliated license is sent back to the DOL for processing. If a licensee does not renew their license for over a year, the license is: A) cancelled and the person must start all over with getting a license B) cancelled unless the continuing education requirement is met C) inactive until renewed D) suspended - ANSWERSA) cancelled and the person must start all over with getting a license Feedback: Correct: A licensee is granted a 1 year grace period regarding their license. After 1 year, the license is cancelled and the individual would have to start all over again with the requirements of licensing. When a licensee terminates their affiliation with a firm, the designated broker must: A) start termination procedures immediately B) release all listing agreements owned by the license C) both are correct D) neither are correct - Washington Real Estate TrainAgents AMP Pre-License Mock Exams Correct 100%(SCORED A+)