1
WASHINGTON STATE PORTION FINAL EXAM PREP
2025/2026 ACCURATE QUESTIONS WITH CORRECT
DETAILED ANSWERS || 100% GUARANTEED PASS
<RECENT VERSION>
The Director of the Department of Licensing - (answers)The state Governor.
Is the Director or any member of the Real Estate Division staff allowed to hold any
interest in a real estate firm while employed by the state. - (answers)No
What are commissioners required to have? - (answers)Usually managing brokers
5 years' experience
The Commission has created the Center for Real Estate Research. The Center
studies statewide real estate concerns such as affordable housing. - (answers)It is
funded through a $10 surcharge imposed on real estate license renewals
A broker who is not licensed in Washington but is licensed in another state may
perform real estate activities in Washington related to - (answers)commercial real
estate (though not residential real estate with four or fewer units).
The out-of-state broker must have a written agreement to work in cooperation
with a brokerage firm licensed in Washington.
The individuals working for a firm are known as - (answers)affiliated licensees.
, 2
Brokers and managing brokers can be affiliated with how may firms at once? -
(answers)they can be affiliated with only one firm at a time.
As part of the process of getting a license, a real estate firm must name a
designated broker who will have authority over the firm.
The designated broker must have what type of license? - (answers)a managing
broker's license.
Managing Broker - (answers)A managing broker may supervise other licensees,
and serve as a branch manager or as the firm's designated broker. Alternatively,
he may simply perform traditional broker duties.
On a new agent how many days for a transaction to be reviewed/checked -
(answers)heightened level of supervision, including the review of all of her
transaction documents within five days of signing.
What is a Designated Broker? - (answers)Designated broker is an endorsement on
a managing broker's license. As we said, every real estate firm must have a
designated broker. If a firm is a sole proprietorship, the owner is the designated
broker.
How many firms can a designated broker serve at once? - (answers)An individual
may serve as the designated broker for more than one firm at the same time.
What is done if a firm shuts down entirely? - (answers)the designated broker
must submit a closing firm affidavit.
WASHINGTON STATE PORTION FINAL EXAM PREP
2025/2026 ACCURATE QUESTIONS WITH CORRECT
DETAILED ANSWERS || 100% GUARANTEED PASS
<RECENT VERSION>
The Director of the Department of Licensing - (answers)The state Governor.
Is the Director or any member of the Real Estate Division staff allowed to hold any
interest in a real estate firm while employed by the state. - (answers)No
What are commissioners required to have? - (answers)Usually managing brokers
5 years' experience
The Commission has created the Center for Real Estate Research. The Center
studies statewide real estate concerns such as affordable housing. - (answers)It is
funded through a $10 surcharge imposed on real estate license renewals
A broker who is not licensed in Washington but is licensed in another state may
perform real estate activities in Washington related to - (answers)commercial real
estate (though not residential real estate with four or fewer units).
The out-of-state broker must have a written agreement to work in cooperation
with a brokerage firm licensed in Washington.
The individuals working for a firm are known as - (answers)affiliated licensees.
, 2
Brokers and managing brokers can be affiliated with how may firms at once? -
(answers)they can be affiliated with only one firm at a time.
As part of the process of getting a license, a real estate firm must name a
designated broker who will have authority over the firm.
The designated broker must have what type of license? - (answers)a managing
broker's license.
Managing Broker - (answers)A managing broker may supervise other licensees,
and serve as a branch manager or as the firm's designated broker. Alternatively,
he may simply perform traditional broker duties.
On a new agent how many days for a transaction to be reviewed/checked -
(answers)heightened level of supervision, including the review of all of her
transaction documents within five days of signing.
What is a Designated Broker? - (answers)Designated broker is an endorsement on
a managing broker's license. As we said, every real estate firm must have a
designated broker. If a firm is a sole proprietorship, the owner is the designated
broker.
How many firms can a designated broker serve at once? - (answers)An individual
may serve as the designated broker for more than one firm at the same time.
What is done if a firm shuts down entirely? - (answers)the designated broker
must submit a closing firm affidavit.
