WASHINGTON STATE REAL ESTATE EXAM
BUNDLED WASHINGTON REAL ESTATE
FUNDAMENTALS TEST BANK 2026
QUESTIONS AND SOLUTIONS ACCURATE
GRADED A+
⩥ In Washington, licensees renewing for the first time will complete
______ hours in advanced practice coursework, ______ hours in real
estate law, ______ hours of continuing education coursework, and a
______-hour core course.
15, 15, 27, 4
30, 30, 27, 3
30, 30, 30, 4
90, 90, 30, 3.
Answer: 30, 30, 27, 3
⩥ In addition to the required education and experience to request a
substitution, what must applicants for a Washington managing broker's
license submit with the application?
An additional licensing fee
Detailed resume
,Recommendation from designated broker
Three reference letters.
Answer: Detailed resume
⩥ When are real estate brokers allowed to work for the Washington State
Department of Licensing?
After they disclose any potential conflicts of interest
After they've been practicing five years
Once their licenses are inactivated
When they have written permission from their designated brokers.
Answer: Once their licenses are inactivated
⩥ Who may supervise a managing broker in Washington?
A broker
A managing broker
The DOL director
The real estate commission.
Answer: A managing broker
,⩥ George is a buyer closing on a home purchase for which he's
obtaining financing. He receives a Loan Estimate from his lender.
What's the purpose of this document?
To detail the amount George needs to bring to closing
To detail the estimated closing costs for George's loan
To disclose the interest rates available on this lender's various loan
programs
To disclose the lender's source of loan funds.
Answer: To detail the estimated closing costs for George's loan
⩥ Licensee Len receives an offer for his seller client's property. It's a
good offer that Len thinks his client will accept. The only wrinkle is that
it includes a one-quarter interest in a local hunting club as the earnest
money deposit. Which of the following statements is true?
It's Len's responsibility to research the title to the interest being offered
as earnest money deposit, to ensure that it has value, before presenting
the offer to his client.
, Len must inform his seller client of the form of earnest money before the
seller signs the purchase contract.
Len must inform the DOL if his seller client accepts this earnest money
deposit since the DOL must approve any earnest money agreements for
items other than cash or cash equivalents.
Len should advise his seller client that only cash or cash equivalents
may be used as earnest money.
Answer: Len must inform his seller client of the form of earnest money
before the seller signs the purchase contract.
⩥ In order for a licensed firm to share commissions with another firm,
what must be true of the second firm?
It must be licensed to do business with the original firm.
It must employ at least two licensed individuals.
It must have been in business at least three years.
It must share its financial records with the original firm.
Answer: It must be licensed to do business with the original firm.
⩥ Charlie represents Sue, a buyer, in Redmond. Charlie is being paid by
Claude, the seller, through his brokerage. What's true about this
situation?
BUNDLED WASHINGTON REAL ESTATE
FUNDAMENTALS TEST BANK 2026
QUESTIONS AND SOLUTIONS ACCURATE
GRADED A+
⩥ In Washington, licensees renewing for the first time will complete
______ hours in advanced practice coursework, ______ hours in real
estate law, ______ hours of continuing education coursework, and a
______-hour core course.
15, 15, 27, 4
30, 30, 27, 3
30, 30, 30, 4
90, 90, 30, 3.
Answer: 30, 30, 27, 3
⩥ In addition to the required education and experience to request a
substitution, what must applicants for a Washington managing broker's
license submit with the application?
An additional licensing fee
Detailed resume
,Recommendation from designated broker
Three reference letters.
Answer: Detailed resume
⩥ When are real estate brokers allowed to work for the Washington State
Department of Licensing?
After they disclose any potential conflicts of interest
After they've been practicing five years
Once their licenses are inactivated
When they have written permission from their designated brokers.
Answer: Once their licenses are inactivated
⩥ Who may supervise a managing broker in Washington?
A broker
A managing broker
The DOL director
The real estate commission.
Answer: A managing broker
,⩥ George is a buyer closing on a home purchase for which he's
obtaining financing. He receives a Loan Estimate from his lender.
What's the purpose of this document?
To detail the amount George needs to bring to closing
To detail the estimated closing costs for George's loan
To disclose the interest rates available on this lender's various loan
programs
To disclose the lender's source of loan funds.
Answer: To detail the estimated closing costs for George's loan
⩥ Licensee Len receives an offer for his seller client's property. It's a
good offer that Len thinks his client will accept. The only wrinkle is that
it includes a one-quarter interest in a local hunting club as the earnest
money deposit. Which of the following statements is true?
It's Len's responsibility to research the title to the interest being offered
as earnest money deposit, to ensure that it has value, before presenting
the offer to his client.
, Len must inform his seller client of the form of earnest money before the
seller signs the purchase contract.
Len must inform the DOL if his seller client accepts this earnest money
deposit since the DOL must approve any earnest money agreements for
items other than cash or cash equivalents.
Len should advise his seller client that only cash or cash equivalents
may be used as earnest money.
Answer: Len must inform his seller client of the form of earnest money
before the seller signs the purchase contract.
⩥ In order for a licensed firm to share commissions with another firm,
what must be true of the second firm?
It must be licensed to do business with the original firm.
It must employ at least two licensed individuals.
It must have been in business at least three years.
It must share its financial records with the original firm.
Answer: It must be licensed to do business with the original firm.
⩥ Charlie represents Sue, a buyer, in Redmond. Charlie is being paid by
Claude, the seller, through his brokerage. What's true about this
situation?
