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Washington Real Estate - DOL questions and Answers
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Washington Real Estate - DOL questions and Answers what type of real estate when sold, does not need to be sold by a licensed real estate agent? Commercial real estate. (6) "Commercial real estate" means any parcel of real estate in this state other than real estate containing one to four residen...

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  • May 14, 2025
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • washington real estate dol questions and answers
  • what type of real estate when sold does not need
  • what is an inactive license inactive license me

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  • WASHINGTON REAL ESTATE
  • WASHINGTON REAL ESTATE

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Washington Real Estate - DOL questions and
Answers
What type of real estate when sold, does not need to be sold by a licensed real estate
agent? - answer Commercial real estate. (6) "Commercial real estate" means any
parcel of real estate in this state other than real estate containing one to four residential
units. "Commercial real estate" does not include a single-family residential lot or single-
family residential units such as condominiums, townhouses, manufactured homes, or
homes in a subdivision when sold, leased, or otherwise conveyed on a unit-by-unit
basis, even when those units are part of a larger building or parcel of real estate, unless
the property is sold or leased for a commercial purpose.

what is an inactive license? - answer "Inactive license" means the status of a license
that is not expired and is not affiliated with a firm.

Who appoints members of the Real Estate commission? How many are there? who is
the Chair of the Board? How many are from the east and the west side of the
Cascades? How many years of experience does a Commission member have to have?
How long does their term last? - answer Director who is the chair of the commission
and six commission members who shall act in an advisory capacity to the director.
The governor must appoint six commission members for a term of six years each. At
least two of the commission members shall be selected from the area in the state west
of the Cascade mountain range and at least two shall be selected from that area of the
state east of the Cascade mountain range. No commission member shall be appointed
who has had less than five years' experience in performing real estate brokerage
services in this state, or has had at least three years' experience in investigative work of
a similar nature, preferably in connection with the administration of real estate license
law of this state or elsewhere. The governor must fill by appointment any vacancies on
the commission for the unexpired term.

How many Commission meetings are there in one year? Who calls the meetings? -
answer The commission shall meet four times a year or at the call of the director.

Where do the license fees from real estate licenses go? - answer All fees paid under
the provisions of this chapter shall be placed in the real estate commission account in
the state treasury. All money derived from fines imposed under this chapter shall be
deposited in the real estate education program account

Are Employees for local governments, acting for that local government, who hold real
estate licenses, responsible to their designated or managing broker? - answer
Persons licensed under this chapter who are employed by a town, city, or county, and
who are conducting real estate transactions on behalf of the town, city, or county, may
hold active licenses under this chapter, and their designated and managing brokers are

, not responsible for their real estate transactions on behalf of their town, city, or county
employer.

What are the three requirements for a brokers license? - answer (1) The minimum
requirements for an individual to receive a broker's license are that the individual:
(a) Is eighteen years of age or older;
(b) Has a high school diploma or its equivalent;
(c) that the applicant has successfully completed ninety hours of instruction in real
estate.
(d) Has passed the broker's license examination.

What are the requirements for a managing brokers' license? - answer (1) The
minimum requirements for an individual to receive a managing broker's license are that
the individual:
(a) Is eighteen years of age or older;
(b) Has a high school diploma or its equivalent;
(c) Has had a minimum of three years of licensed experience as a full-time real estate
broker in this state or in another jurisdiction having comparable requirements within the
five years previous to applying for the managing broker's license examination or is
otherwise qualified by reason of practical experience in a business allied with or related
to real estate as prescribed by rule;
(d) has successfully completed ninety hours of instruction in real estate. Each course
must be completed within three years before applying for the managing broker's license
examination, be at least thirty clock hours, and be approved by the director. The
applicant must pass a course examination, approved by the director for each course
that is used to satisfy the managing broker's license requirement; and
(e) Has passed the managing broker's license examination.

(3) A managing broker can be licensed to one firm only at any one time.

Under what circumstances would someone be exempt from holding a real estate license
when conducting real estate business? - answer Exemptions from licensing.
This chapter shall not apply to:
(1) Any person who purchases or disposes of property and/or a business opportunity for
that individual's own account, or that of a group of which the person is a member, and
their employees;
(2) Any duly authorized attorney-in-fact acting under a power of attorney without
compensation;
(3) An attorney-at-law in the performance of the practice of law;
(4) Any receiver, trustee in bankruptcy, executor, administrator, guardian, personal
representative, or any person acting under the order of any court, selling under a deed
of trust, or acting as trustee under a trust;
(5) Any secretary, bookkeeper, accountant, or other office personnel who does not
engage in any conduct or activity specified in any of the definitions under RCW
18.85.011;

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