REAL EXAM PREP QUESTIONS AND CORRECT ANSWERS/ WA REAL
ESTATE LICENSURE TEST 2025/ WA RE FUNDAMENTALS EXAM 2025
Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following
statements best describes the deposit of this trust money?
Rebecca may deposit it in the firm's regular trust account.
Rebecca must deposit it in an individual trust account set up for just this client.
Rebecca must deposit the funds in a non-interest bearing trust account.
Rebecca must deposit the funds into a DOL special trust fund account. - ANSWER-**Rebecca may
deposit it in the firm's regular trust account.
In Washington, licensees renewing for the first time will complete ______ hours in advanced practice
coursework, ______ hours in real estate law, ______ hours of continuing education coursework, and
a ______-hour core course.
15, 15, 27, 4
30, 30, 27, 3
30, 30, 30, 4
90, 90, 30, 3 - ANSWER-30, 30, 27, 3
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?
An additional licensing fee
Detailed resume
Recommendation from designated broker
Three reference letters - ANSWER-Detailed resume
Which of the following statements describing a dual agent's responsibilities in Washington is the
most accurate?
A dual agent is only obligated to perform the statutory duty of honesty with the two clients in the
relationship.
A dual agent owes more statutory duties to each client in a transaction than would a single agent.
A dual agent owes the same statutory duties to the clients in a transaction as a single agent.
,The statutory duty of loyalty to a client is very difficult to perform in a dual agency relationship, given
the duties of loyalty, confidentiality, and care. - ANSWER-The statutory duty of loyalty to a client is
very difficult to perform in a dual agency relationship, given the duties of loyalty, confidentiality, and
care.
Tanya has been a closing officer at Integrity First Title Company for eight years. She has a bachelor's
degree in business finance. Which of the following statements is correct regarding her experience
and the related Washington managing broker's exam?
Even without a degree, Tanya's eight years of experience as a closing officer will likely qualify her.
Tanya's degree isn't in real estate, so her experience doesn't qualify her to take the exam.
Tanya's experience as a closing officer isn't related closely enough to real estate brokerage to qualify
her.
Tanya will be required to take only the state portion of the Washington licensing exam. - ANSWER-
Even without a degree, Tanya's eight years of experience as a closing officer will likely qualify her.
Which of the following positions is appointed by the Washington DOL director to serve as an non-
voting member and preside over meetings?
Commission chair
Commission vice-chair
Director of the real estate division
Representative from the secretary of state's office - ANSWER-Commission chair
What's the term for a charge that either party has to pay at closing for a Washington real estate
transaction?
Balance
Credit
Debit
Mortgage - ANSWER-debit
Which of these is an example of conversion of funds in Washington?
Marcus converted a CD to cash and deposited it in the firm's
operating account.
, Monica used funds from the firm's trust account to pay her firm's rent.
Soo Min transferred funds from her firm's trust account to the closing company's trust account in
time for settlement.
Tristan deposited a client's earnest money check into the firm's operating account. - ANSWER-
Monica used funds from the firm's trust account to pay her firm's rent.
In Washington, which of the following statements about the duty to provide timely accounting for all
funds and property received is true?
Licensees owe this duty to their clients only.
The duty doesn't include paperwork, only funds or property.
The duty of accounting may continue even after the transaction closes.
The duty requires licensees to deposit any funds they receive into their personal bank accounts for
safekeeping. - ANSWER-The duty of accounting may continue even after the transaction closes.
Which of the following bodies is responsible for creating Washington real estate laws and statutes?
The Department of Licensing
The legislature
The Real Estate Commission
The Real Estate Division - ANSWER-The legislature
To what Washington court may parties to an administrative hearing appeal the ALJ's decision?
Agency court
Civil court
Superior court
Supreme court - ANSWER-Superior court
In Washington, which agency is responsible for approving real estate schools and education?
Attorney general's office
Department of Licensing
U.S. Department of Education