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.
What's the minimum financial penalty that can be imposed for a violation of licensing law in
Washington?
$1,000
$250
$500
No minimum - ANSWER-No min
Robert's Washington license was immediately restricted when he received notice that a complaint
had been filed against him and an investigation would follow. What's the earliest that a hearing can
be held after the notice is served?
30 days
45 days
60 days
As soon as possible - ANSWER-ASAP
After completing the required coursework, a candidate has ______ year(s) to complete the
Washington broker's exam.
Five
One
,Three
Two - ANSWER-two
What's true about broker responsibilities in Washington?
The only duties are those found in agency common law.
They include but aren't limited to those in the regulations.
They're limited to those duties outlined in the administrative regulations.
They're prescribed only in statutory law. - ANSWER-They include but aren't limited to those in the
regulations.
Who, with the advice and support of the Real Estate Commission, establishes rules and regulations
and enforces real estate licensing law in Washington?
Business and Professions Division
DOL director
The governor
Washington attorney general - ANSWER-DOL director
Howard is a managing broker in Spokane. His licensees, Jane and John, represent two sides in a single
transaction. Jane represents the seller; John represents the buyer. What role does Howard play in
this transaction?
Howard is a dual agent for both the buyer and the seller.
Howard is an agent to the buyer.
Howard is an agent to the seller.
Howard is a transactional coordinator. - ANSWER-Howard is a dual agent for both the buyer and
the seller.
At the conclusion of a brief hearing in Washington, how are parties informed of the presiding
officer's decision?
A written initial order will be served on both parties within 10 days of the hearing.
The director calls each party within 10 days to provide information about the decision.
The officer concludes the hearing by presenting the decision.
The parties must appear at a secondary hearing to hear the decision. - ANSWER-A written initial
order will be served on both parties within 10 days of the hearing.
, 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.
Eight
Five
Six
Three - ANSWER-Five
Selena is a buyer who hasn't signed a representation agreement with anyone. Before Howie, a
Washington broker, shows Selena a property for sale, he discloses that he represents the seller.
Howie then shows Selena several properties his brokerage has listed. Who is Howie's client?
His managing broker
Selena
The firm
The seller - ANSWER-The seller
Washington's director has elected to take steps to restrict a managing broker from supervising
brokers until after the broker's hearing has taken place. What's the official term for this type of
action?
Permanent
Summary
Temporary
Urgency - ANSWER-Summary
Summary action takes place without a hearing and is implemented by the director when an
investigation uncovers acts that the director feels should be stopped immediately.
Which document is signed and agreed to at closing and reconciles what the final financial obligations
are for both the buyer and seller?
Affidavit of title
Closing statement
Sales agreement
Title insurance policy - ANSWER-Closing statement