Washington Real Estate Law Practice Exam – FULL 40
Questions and answers 2026.
For purposes of the property disclosure law, which of the following would NOT be
considered residential property?
A) A residential condominium, unless subject to the public offering statement
requirement in the Washington Condominium Act
B) Real property consisting of, or improved by, more than 24 dwelling units
C) A residential time-share, unless subject to written disclosure under the
Washington Timeshare Act
D) Real property consisting of, or improved by, one to four dwelling units -
ANSWER: (B) The answer is real property consisting of, or improved by, more than
24 dwelling units. The property disclosure law applies only to residential real
property. Residential property is defined as: (1) real property consisting of, or
improved by, one to four dwelling units; (2) a residential condominium, unless the
sale is subject to the public offering statement requirement in the Washington
condominium act; or (3) a residential time-share, unless subject to written
disclosure under the Washington time-share act.
If events occur or knowledge surfaces after the closing date to make the real
property transfer disclosure statement inaccurate,
A) the seller has no obligation to amend the disclosure statement, and the buyer
does not have the right to rescind the transaction.
B) the buyer may rescind the transaction unless the seller amends the disclosure
statement.
C) the transaction automatically becomes void.
D) the buyer may sue the seller for damages. - ANSWER: (A) The answer is the
seller has no obligation to amend the disclosure statement, and the buyer does not
have the right to rescind the transaction. The seller has no obligation to amend the
disclosure statement, and the buyer does not have the right to rescind the
transaction due to events that occur or knowledge that surfaces after the closing
date.
Any person who engages in business as an escrow agent without being properly
registered can be
A) imprisoned for up to 60 days but not fined.
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, B) imprisoned for up to 90 days and/or fined no more than $100 per day.
C) neither imprisoned nor fined.
D) fined but not imprisoned. - ANSWER: (B) The answer is imprisoned for up to 90
days and/or fined no more than $100 per day. Any person who engages in business
as an escrow agent without being properly registered can be imprisoned for up to
90 days and fined no more than $100 per day for each day's violation, or be
subjected to both the fine and imprisonment.
If the buyer elects to rescind the agreement after receipt of the property disclosure
form, he or she must deliver written notice of rescission to the seller
A) within five business days.
B) within 24 hours.
C) within three business days.
D) within 48 hours. - ANSWER: (C) The answer is within three business days. If the
buyer elects to rescind the agreement, the buyer must deliver written notice of
rescission to the seller within three business days, or as otherwise agreed to.
Notice of intent to forfeit must
A) also be recorded in the county in which the property is located.
B) be signed by the buyer.
C) published in a newspaper once a week for four consecutive weeks.
D) only be given by mailing a copy certified or registered mail. - ANSWER: (A) The
answer is also be recorded in the county in which the property is located. The
required notices must be given in writing and must be signed by the seller or by the
seller's agent or attorney. Notices are to be given in any manner provided in the
contract or other agreement with the seller.
The notice of intent to forfeit must be given no later than
A) five days after it is recorded.
B) ten days after it is recorded.
C) three days after it is recorded.
D) fourteen days after it is recorded. - ANSWER: (B) The answer is ten days after it
is recorded. The notice of intent to forfeit must be given no later than ten days after
it is recorded. The declaration of forfeiture must be given no later than three days
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Questions and answers 2026.
For purposes of the property disclosure law, which of the following would NOT be
considered residential property?
A) A residential condominium, unless subject to the public offering statement
requirement in the Washington Condominium Act
B) Real property consisting of, or improved by, more than 24 dwelling units
C) A residential time-share, unless subject to written disclosure under the
Washington Timeshare Act
D) Real property consisting of, or improved by, one to four dwelling units -
ANSWER: (B) The answer is real property consisting of, or improved by, more than
24 dwelling units. The property disclosure law applies only to residential real
property. Residential property is defined as: (1) real property consisting of, or
improved by, one to four dwelling units; (2) a residential condominium, unless the
sale is subject to the public offering statement requirement in the Washington
condominium act; or (3) a residential time-share, unless subject to written
disclosure under the Washington time-share act.
If events occur or knowledge surfaces after the closing date to make the real
property transfer disclosure statement inaccurate,
A) the seller has no obligation to amend the disclosure statement, and the buyer
does not have the right to rescind the transaction.
B) the buyer may rescind the transaction unless the seller amends the disclosure
statement.
C) the transaction automatically becomes void.
D) the buyer may sue the seller for damages. - ANSWER: (A) The answer is the
seller has no obligation to amend the disclosure statement, and the buyer does not
have the right to rescind the transaction. The seller has no obligation to amend the
disclosure statement, and the buyer does not have the right to rescind the
transaction due to events that occur or knowledge that surfaces after the closing
date.
Any person who engages in business as an escrow agent without being properly
registered can be
A) imprisoned for up to 60 days but not fined.
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, B) imprisoned for up to 90 days and/or fined no more than $100 per day.
C) neither imprisoned nor fined.
D) fined but not imprisoned. - ANSWER: (B) The answer is imprisoned for up to 90
days and/or fined no more than $100 per day. Any person who engages in business
as an escrow agent without being properly registered can be imprisoned for up to
90 days and fined no more than $100 per day for each day's violation, or be
subjected to both the fine and imprisonment.
If the buyer elects to rescind the agreement after receipt of the property disclosure
form, he or she must deliver written notice of rescission to the seller
A) within five business days.
B) within 24 hours.
C) within three business days.
D) within 48 hours. - ANSWER: (C) The answer is within three business days. If the
buyer elects to rescind the agreement, the buyer must deliver written notice of
rescission to the seller within three business days, or as otherwise agreed to.
Notice of intent to forfeit must
A) also be recorded in the county in which the property is located.
B) be signed by the buyer.
C) published in a newspaper once a week for four consecutive weeks.
D) only be given by mailing a copy certified or registered mail. - ANSWER: (A) The
answer is also be recorded in the county in which the property is located. The
required notices must be given in writing and must be signed by the seller or by the
seller's agent or attorney. Notices are to be given in any manner provided in the
contract or other agreement with the seller.
The notice of intent to forfeit must be given no later than
A) five days after it is recorded.
B) ten days after it is recorded.
C) three days after it is recorded.
D) fourteen days after it is recorded. - ANSWER: (B) The answer is ten days after it
is recorded. The notice of intent to forfeit must be given no later than ten days after
it is recorded. The declaration of forfeiture must be given no later than three days
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