Washington State portion (real estate
exam)
A(n) ______ finances allows belongings managers maximize profitability and keep away from
unforeseen predominant prices and upkeep.
Cash reserve
Expense
Operating
Stabilized - ANS-Operating
After starting the investigation process into a grievance against a coping with dealer, the director
is worried that additional harm may be caused by anticipating the hearing method to take
location. Which of the subsequent alternatives does the director have?
Arrange for a right away listening to.
Have the broker arrested.
Issue an emergency license suspension.
Wait for the regularly scheduled hearing to take location. - ANS-Issue an emergency license
suspension.
After completing the required coursework, a candidate has ______ yr(s) to finish the
Washington broker's exam.
Five
One
Three
Two - ANS-two
At the belief of a quick hearing in Washington, how are parties knowledgeable of the presiding
officer's selection?
A written preliminary order could be served on each events within 10 days of the listening to.
The director calls every celebration inside 10 days to provide records about the selection.
The officer concludes the listening to through providing the decision.
The parties must appear at a secondary listening to to pay attention the selection. - ANS-A
written preliminary order will be served on both parties inside 10 days of the hearing.
,Based on Washington statutory obligations, which of the following is a material truth?
Based on a latest metropolis council ruling, the consumer will be unable to use the belongings
for the meant purpose.
Property situations which might be determined thru the broking's required non-public belongings
inspection.
Property values in the vicinity are predicted to upward push sharply inside the coming yr.
The consumer's lender has confirmed that the loan will most likely be accepted. - ANS-Based
on a recent city council ruling, the consumer can be not able to apply the assets for the meant
motive.
Brokers must supply transactional files and contracts to their managing or certain agents within
what number of commercial enterprise days?
Five
One
Three
Two - ANS-two
Can a Washington organization pay its business prices immediately out of a consider account?
No, they need to be paid from a normal business account on the same financial institution
Only if it is via signature of a promissory word
Yes, by way of using a private test from any licensees from the corporation
Yes, They may be paid directly out of the trust funds themselves - ANS-No, they need to be paid
from a normal enterprise account at the equal financial institution
Carol surpassed her Washington licensing exam 14 months in the past and hasn't applied for
her license. What occurs now, if she nonetheless wants to be a broker?
She can follow to the DOL for an extension after which practice for her license.
She'll want to take her examination once more after which follow for her license.
She must take a three-hour licensing overview route and then apply for her license.
She ought to take her coursework over and then apply for her license. - ANS-She'll want to take
her exam once more and then follow for her license.
, Charlie represents Sue, a consumer, in Redmond. Charlie is being paid by means of Claude,
the seller, through his brokerage. What's proper approximately this case?
Charlie is Claude's agent.
Sue is Claude's patron.
This does not exchange the business enterprise relationships.
This is undisclosed dual corporation. - ANS-This would not change the organization
relationships.
Corliss, a Washington licensee, is the concern of an research and has asked a hearing. The
complaint is complex and entails more than one individuals. The director wants to listen
testimony from numerous witnesses with a purpose to make a selection. What form of listening
to may be used?
Administrative
Brief adjudicative
Stipulated disposition
Superior court - ANS-Administrative
George is a client last on a domestic purchase for which he's acquiring financing. He receives a
Loan Estimate from his lender. What's the reason of this report?
To element the quantity George desires to convey to last
To detail the estimated last charges for George's loan
To reveal the hobby fees to be had on this lender's numerous mortgage programs
To reveal the lender's supply of loan budget - ANS-To detail the estimated last expenses for
George's mortgage
Given the daily property tax price, how are you going to calculate the prorated belongings tax
quantity to debit a vendor and credit a purchaser at closing?
Multiply the every day rate times the range of days within the present day month, inclusive of
the final day.
Multiply the day by day fee instances the number of days left inside the month, not consisting of
the closing day.
Multiply the daily price instances the variety of days the client will own the assets throughout
that tax year, not such as the ultimate day.
exam)
A(n) ______ finances allows belongings managers maximize profitability and keep away from
unforeseen predominant prices and upkeep.
Cash reserve
Expense
Operating
Stabilized - ANS-Operating
After starting the investigation process into a grievance against a coping with dealer, the director
is worried that additional harm may be caused by anticipating the hearing method to take
location. Which of the subsequent alternatives does the director have?
Arrange for a right away listening to.
Have the broker arrested.
Issue an emergency license suspension.
Wait for the regularly scheduled hearing to take location. - ANS-Issue an emergency license
suspension.
After completing the required coursework, a candidate has ______ yr(s) to finish the
Washington broker's exam.
Five
One
Three
Two - ANS-two
At the belief of a quick hearing in Washington, how are parties knowledgeable of the presiding
officer's selection?
A written preliminary order could be served on each events within 10 days of the listening to.
The director calls every celebration inside 10 days to provide records about the selection.
The officer concludes the listening to through providing the decision.
The parties must appear at a secondary listening to to pay attention the selection. - ANS-A
written preliminary order will be served on both parties inside 10 days of the hearing.
,Based on Washington statutory obligations, which of the following is a material truth?
Based on a latest metropolis council ruling, the consumer will be unable to use the belongings
for the meant purpose.
Property situations which might be determined thru the broking's required non-public belongings
inspection.
Property values in the vicinity are predicted to upward push sharply inside the coming yr.
The consumer's lender has confirmed that the loan will most likely be accepted. - ANS-Based
on a recent city council ruling, the consumer can be not able to apply the assets for the meant
motive.
Brokers must supply transactional files and contracts to their managing or certain agents within
what number of commercial enterprise days?
Five
One
Three
Two - ANS-two
Can a Washington organization pay its business prices immediately out of a consider account?
No, they need to be paid from a normal business account on the same financial institution
Only if it is via signature of a promissory word
Yes, by way of using a private test from any licensees from the corporation
Yes, They may be paid directly out of the trust funds themselves - ANS-No, they need to be paid
from a normal enterprise account at the equal financial institution
Carol surpassed her Washington licensing exam 14 months in the past and hasn't applied for
her license. What occurs now, if she nonetheless wants to be a broker?
She can follow to the DOL for an extension after which practice for her license.
She'll want to take her examination once more after which follow for her license.
She must take a three-hour licensing overview route and then apply for her license.
She ought to take her coursework over and then apply for her license. - ANS-She'll want to take
her exam once more and then follow for her license.
, Charlie represents Sue, a consumer, in Redmond. Charlie is being paid by means of Claude,
the seller, through his brokerage. What's proper approximately this case?
Charlie is Claude's agent.
Sue is Claude's patron.
This does not exchange the business enterprise relationships.
This is undisclosed dual corporation. - ANS-This would not change the organization
relationships.
Corliss, a Washington licensee, is the concern of an research and has asked a hearing. The
complaint is complex and entails more than one individuals. The director wants to listen
testimony from numerous witnesses with a purpose to make a selection. What form of listening
to may be used?
Administrative
Brief adjudicative
Stipulated disposition
Superior court - ANS-Administrative
George is a client last on a domestic purchase for which he's acquiring financing. He receives a
Loan Estimate from his lender. What's the reason of this report?
To element the quantity George desires to convey to last
To detail the estimated last charges for George's loan
To reveal the hobby fees to be had on this lender's numerous mortgage programs
To reveal the lender's supply of loan budget - ANS-To detail the estimated last expenses for
George's mortgage
Given the daily property tax price, how are you going to calculate the prorated belongings tax
quantity to debit a vendor and credit a purchaser at closing?
Multiply the every day rate times the range of days within the present day month, inclusive of
the final day.
Multiply the day by day fee instances the number of days left inside the month, not consisting of
the closing day.
Multiply the daily price instances the variety of days the client will own the assets throughout
that tax year, not such as the ultimate day.
