Washington Managing Broker Examination — State Portion — Information & Free Practice

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Washington Managing Broker Examination — State Portion

Examination outline

I. General Rules
- Definitions
- Powers and duties of the Real Estate Commission and Director
- Investigations and sanctions — Violations
- Investigations and sanctions — Procedures (hearings and appeals)
- Investigations and sanctions — Penalties
- Real Estate Research Center
II. Licensing Requirements
- Activities requiring a license
- Requirements for licensing eligibility
- Types of licenses
- License maintenance, renewal and fees
- License status
- Education requirements
III. Washington Statutes and Rules Governing Licensee Activity
- Brokerage firm’s relationship with affiliated licensees
- Prohibited conduct/reasons for disciplinary action
- Compensation
- Handling of monies and trust accounts
- Recordkeeping, documents and audits
- Brokerage firms office requirements
- Property management
- Supervision of affiliated licensees — General supervisory responsibilities
- Supervision of affiliated licensees — Supervision of teams
- Advertising rules
III. Real Estate Brokerage Relationships (Agency)
- Types of Agency (Dual, Seller Agency, Buyer Agency, Other)
- Disclosure of Real Estate Relationships
- Agency duties
- Written consent of parties
IV. Scenarios in Real Estate Practice
- Property Management
- Supervision
- Randomly selected topic (from within Statutes and Rules)
- Randomly selected topic (from within Statutes and Rules)

Examination sources