WA DC STATE EXAM REVIEW QUESTIONS & ANSWERS, VERIFIED. EXAMINABLE/| latest update 2024/25|

WA DC STATE EXAM REVIEW QUESTIONS & ANSWERS, VERIFIED. EXAMINABLE/ What happens to the interest earned on pooled Washington trust accounts? a) The buyer and seller split it b) The buyer gets it back in the form of a credit at closing c) The buyer's broker and the buyer split it d) The Washington State Treasurer's Office gets it - -d) The Washington State Treasurer's Office gets it If a Washington real estate firm is closing, the firm's designated broker must provide an affidavit to the Washington DOL within ______ days. a) 10 b) 5 c) 1 d) 7 - -b) 5 One of the following tasks is outside the scope of the Washington DOL director. Which is it? a) Enforce all laws and rules related to real estate licensing and education. b) Pass laws and statutes related to real estate licensing laws. c) Refer complaints against licensees to a higher jurisdiction if warranted. d) Take disciplinary action for licensing law violations. - -b) Pass laws and statutes related to real estate licensing laws. Harrison is the buyer's agent for a transaction in which Mary, who works for a different Washington brokerage, is listing the house for seller Graham. From whom will Harrison receive his compensation? a) from Graham b) From his own brokerage c) From Mary's brokerage d) it depends - -b) From his own brokerag