Washington Real Estate Broker — Requirements & Free Practice
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Real Estate Managing Broker
Licensing authority: Washington State Department of Licensing · Application information
Initial licensure by examination under alternative qualifications: appraiser
All of the following:
- Affiliation
- Activate through an affiliated licensed firm; a broker is supervised by its designated or managing broker.
- Alternative approval
- Submit a letter, resume and supporting documentation for DOL approval.
- Background check
- Required fingerprint background check and disclosure of legal background.
- Education
- Complete 30 hours each of advanced real estate law, brokerage management, and business management within three years before applying; pass each approved comprehensive course examination. Course hours must be additional to those used for other requirements, subject to WAC 308-124A-750(2).
- Education substitution
- RCW 18.85.141 and WAC 308-124A-755 permit director-approved equivalent higher-education coursework; submit transcripts and any required certification.
- Experience
- Five years of full-time licensed or certified real-property-appraiser experience in good standing.
- Experience window
- All alternative experience must have been completed within the six years immediately before applying.
- Fees
- Required examination, license and research fees.
- Immigration status
- RCW 18.415.010 prohibits denial solely for immigration or citizenship status where other qualifications are met; an ITIN may be provided instead of an SSN.
- Licensure deadline
- Apply for the license within one year of passing the licensing examination.
- Military experience
- RCW 18.85.490 accepts military training or experience unless the director finds it not substantially equivalent.
- Minimum age
- At least 18 years old.
- National examination identity
- Washington calls the supervising broker license Managing Broker. Its PSI National Managing Broker examination is referenced by the supplied frozen PSI National Broker examination version. The entry-level Washington Broker national examination is separately identified in the state handbook and is not substituted for this broker-level national requirement.
- Portion score window
- Pass the required national and state portions within six months of one another.
- School qualification
- High school diploma or equivalent.
- Single attempt
- After failing an examination under alternate qualifications, the applicant may not repeat it using that qualification; DOL states the applicant has one chance to pass both exams.
Initial licensure by examination under alternative qualifications: attorney
All of the following:
- Affiliation
- Activate through an affiliated licensed firm; a broker is supervised by its designated or managing broker.
- Alternative approval
- Submit a letter, resume and supporting documentation for DOL approval.
- Background check
- Required fingerprint background check and disclosure of legal background.
- Education
- Complete 30 hours each of advanced real estate law, brokerage management, and business management within three years before applying; pass each approved comprehensive course examination. Course hours must be additional to those used for other requirements, subject to WAC 308-124A-750(2).
- Education substitution
- RCW 18.85.141 and WAC 308-124A-755 permit director-approved equivalent higher-education coursework; submit transcripts and any required certification.
- Experience
- At least one year of full-time licensed attorney practice in real estate transactions, in good standing.
- Experience window
- All alternative experience must have been completed within the six years immediately before applying.
- Fees
- Required examination, license and research fees.
- Immigration status
- RCW 18.415.010 prohibits denial solely for immigration or citizenship status where other qualifications are met; an ITIN may be provided instead of an SSN.
- Licensure deadline
- Apply for the license within one year of passing the licensing examination.
- Military experience
- RCW 18.85.490 accepts military training or experience unless the director finds it not substantially equivalent.
- Minimum age
- At least 18 years old.
- National examination identity
- Washington calls the supervising broker license Managing Broker. Its PSI National Managing Broker examination is referenced by the supplied frozen PSI National Broker examination version. The entry-level Washington Broker national examination is separately identified in the state handbook and is not substituted for this broker-level national requirement.
- Portion score window
- Pass the required national and state portions within six months of one another.
- School qualification
- High school diploma or equivalent.
- Single attempt
- After failing an examination under alternate qualifications, the applicant may not repeat it using that qualification; DOL states the applicant has one chance to pass both exams.
Initial licensure by examination under alternative qualifications: corporate real estate
All of the following:
- Affiliation
- Activate through an affiliated licensed firm; a broker is supervised by its designated or managing broker.
- Alternative approval
- Submit a letter, resume and supporting documentation for DOL approval.
- Background check
- Required fingerprint background check and disclosure of legal background.
- Education
- Complete 30 hours each of advanced real estate law, brokerage management, and business management within three years before applying; pass each approved comprehensive course examination. Course hours must be additional to those used for other requirements, subject to WAC 308-124A-750(2).
- Education substitution
- RCW 18.85.141 and WAC 308-124A-755 permit director-approved equivalent higher-education coursework; submit transcripts and any required certification.
- Experience
- Five years of full-time experience managing, leasing, selling or buying real property for a third-party corporation, limited liability company or partnership.
- Experience window
- All alternative experience must have been completed within the six years immediately before applying.
- Fees
- Required examination, license and research fees.
- Immigration status
- RCW 18.415.010 prohibits denial solely for immigration or citizenship status where other qualifications are met; an ITIN may be provided instead of an SSN.
- Licensure deadline
- Apply for the license within one year of passing the licensing examination.
- Military experience
- RCW 18.85.490 accepts military training or experience unless the director finds it not substantially equivalent.
- Minimum age
- At least 18 years old.
- National examination identity
- Washington calls the supervising broker license Managing Broker. Its PSI National Managing Broker examination is referenced by the supplied frozen PSI National Broker examination version. The entry-level Washington Broker national examination is separately identified in the state handbook and is not substituted for this broker-level national requirement.
- Portion score window
- Pass the required national and state portions within six months of one another.
- School qualification
- High school diploma or equivalent.
- Single attempt
- After failing an examination under alternate qualifications, the applicant may not repeat it using that qualification; DOL states the applicant has one chance to pass both exams.
Initial licensure by examination under alternative qualifications: escrow
All of the following:
- Affiliation
- Activate through an affiliated licensed firm; a broker is supervised by its designated or managing broker.
- Alternative approval
- Submit a letter, resume and supporting documentation for DOL approval.
- Background check
- Required fingerprint background check and disclosure of legal background.
- Education
- Complete 30 hours each of advanced real estate law, brokerage management, and business management within three years before applying; pass each approved comprehensive course examination. Course hours must be additional to those used for other requirements, subject to WAC 308-124A-750(2).
- Education substitution
- RCW 18.85.141 and WAC 308-124A-755 permit director-approved equivalent higher-education coursework; submit transcripts and any required certification.
- Experience
- Five years of full-time licensed limited-practice-officer or escrow-agent experience in good standing.
- Experience window
- All alternative experience must have been completed within the six years immediately before applying.
- Fees
- Required examination, license and research fees.
- Immigration status
- RCW 18.415.010 prohibits denial solely for immigration or citizenship status where other qualifications are met; an ITIN may be provided instead of an SSN.
- Licensure deadline
- Apply for the license within one year of passing the licensing examination.
- Military experience
- RCW 18.85.490 accepts military training or experience unless the director finds it not substantially equivalent.
- Minimum age
- At least 18 years old.
- National examination identity
- Washington calls the supervising broker license Managing Broker. Its PSI National Managing Broker examination is referenced by the supplied frozen PSI National Broker examination version. The entry-level Washington Broker national examination is separately identified in the state handbook and is not substituted for this broker-level national requirement.
- Portion score window
- Pass the required national and state portions within six months of one another.
- School qualification
- High school diploma or equivalent.
- Single attempt
- After failing an examination under alternate qualifications, the applicant may not repeat it using that qualification; DOL states the applicant has one chance to pass both exams.
Initial licensure by examination under alternative qualifications: mortgage
All of the following:
- Affiliation
- Activate through an affiliated licensed firm; a broker is supervised by its designated or managing broker.
- Alternative approval
- Submit a letter, resume and supporting documentation for DOL approval.
- Background check
- Required fingerprint background check and disclosure of legal background.
- Education
- Complete 30 hours each of advanced real estate law, brokerage management, and business management within three years before applying; pass each approved comprehensive course examination. Course hours must be additional to those used for other requirements, subject to WAC 308-124A-750(2).
- Education substitution
- RCW 18.85.141 and WAC 308-124A-755 permit director-approved equivalent higher-education coursework; submit transcripts and any required certification.
- Experience
- Five years of full-time licensed mortgage broker or loan-originator experience in good standing.
- Experience window
- All alternative experience must have been completed within the six years immediately before applying.
- Fees
- Required examination, license and research fees.
- Immigration status
- RCW 18.415.010 prohibits denial solely for immigration or citizenship status where other qualifications are met; an ITIN may be provided instead of an SSN.
- Licensure deadline
- Apply for the license within one year of passing the licensing examination.
- Military experience
- RCW 18.85.490 accepts military training or experience unless the director finds it not substantially equivalent.
- Minimum age
- At least 18 years old.
- National examination identity
- Washington calls the supervising broker license Managing Broker. Its PSI National Managing Broker examination is referenced by the supplied frozen PSI National Broker examination version. The entry-level Washington Broker national examination is separately identified in the state handbook and is not substituted for this broker-level national requirement.
- Portion score window
- Pass the required national and state portions within six months of one another.
- School qualification
- High school diploma or equivalent.
- Single attempt
- After failing an examination under alternate qualifications, the applicant may not repeat it using that qualification; DOL states the applicant has one chance to pass both exams.
Initial licensure by examination under alternative qualifications: postsecondary real estate
All of the following:
- Affiliation
- Activate through an affiliated licensed firm; a broker is supervised by its designated or managing broker.
- Alternative approval
- Submit a letter, resume and supporting documentation for DOL approval.
- Background check
- Required fingerprint background check and disclosure of legal background.
- Education
- Complete 30 hours each of advanced real estate law, brokerage management, and business management within three years before applying; pass each approved comprehensive course examination. Course hours must be additional to those used for other requirements, subject to WAC 308-124A-750(2).
- Education substitution
- RCW 18.85.141 and WAC 308-124A-755 permit director-approved equivalent higher-education coursework; submit transcripts and any required certification.
- Experience
- Postsecondary education with major study in real estate plus one year as an actively licensed broker in good standing in Washington or another jurisdiction with similar licensing standards.
- Experience window
- All alternative experience must have been completed within the six years immediately before applying.
- Fees
- Required examination, license and research fees.
- Immigration status
- RCW 18.415.010 prohibits denial solely for immigration or citizenship status where other qualifications are met; an ITIN may be provided instead of an SSN.
- Licensure deadline
- Apply for the license within one year of passing the licensing examination.
- Military experience
- RCW 18.85.490 accepts military training or experience unless the director finds it not substantially equivalent.
- Minimum age
- At least 18 years old.
- National examination identity
- Washington calls the supervising broker license Managing Broker. Its PSI National Managing Broker examination is referenced by the supplied frozen PSI National Broker examination version. The entry-level Washington Broker national examination is separately identified in the state handbook and is not substituted for this broker-level national requirement.
- Portion score window
- Pass the required national and state portions within six months of one another.
- School qualification
- High school diploma or equivalent.
- Single attempt
- After failing an examination under alternate qualifications, the applicant may not repeat it using that qualification; DOL states the applicant has one chance to pass both exams.
Initial licensure by examination with broker experience
All of the following:
- Affiliation
- Activate through an affiliated licensed firm; a broker is supervised by its designated or managing broker.
- Background check
- Required fingerprint background check and disclosure of legal background.
- Education
- Complete 30 hours each of advanced real estate law, brokerage management, and business management within three years before applying; pass each approved comprehensive course examination. Course hours must be additional to those used for other requirements, subject to WAC 308-124A-750(2).
- Education substitution
- RCW 18.85.141 and WAC 308-124A-755 permit director-approved equivalent higher-education coursework; submit transcripts and any required certification.
- Experience
- At least three years of full-time licensed broker experience within the preceding five years in Washington or another jurisdiction with comparable requirements.
- Fees
- Required examination, license and research fees.
- Immigration status
- RCW 18.415.010 prohibits denial solely for immigration or citizenship status where other qualifications are met; an ITIN may be provided instead of an SSN.
- Licensure deadline
- Apply for the license within one year of passing the licensing examination.
- Military experience
- RCW 18.85.490 accepts military training or experience unless the director finds it not substantially equivalent.
- Minimum age
- At least 18 years old.
- National examination identity
- Washington calls the supervising broker license Managing Broker. Its PSI National Managing Broker examination is referenced by the supplied frozen PSI National Broker examination version. The entry-level Washington Broker national examination is separately identified in the state handbook and is not substituted for this broker-level national requirement.
- Portion score window
- Pass the required national and state portions within six months of one another.
- School qualification
- High school diploma or equivalent.
Expedited reciprocity for military spouse
- Affiliation
- Affiliation with a licensed real estate firm required for active practice.
- Approval
- DOL approval required before scheduling; approval expires after six months and a fresh application and history are required if the examination is not passed then.
- Background check
- Fingerprint background results and any legal-background documents required.
- Expedited processing
- Submit all required supporting materials, fees, fingerprints and criminal-background documentation.
- Fees
- License and research fees required.
- License verification
- Official license history from the issuing authority, including dates of activity, level, expiration, discipline, acquisition method and creation date.
- Licensure deadline
- Apply within one year of passing.
- Military transfer
- Spouse is subject to military transfer to Washington; RCW 18.340.020 requires expedited processing of a completed application within 30 days.
- Minimum age
- At least 18.
- Prior examinations
- Examinations of another jurisdiction supporting that existing license are applicant evidence, not Washington exam leaves.
- Prior license
- Actively licensed in the same or greater capacity in good standing in another jurisdiction now or within the preceding six months.
- School qualification
- High school diploma or equivalent.
License maintenance during military deployment
- Eligibility
- Washington professional license holder deployed outside the state; contact DOL to request military inactive status.
- Maintenance
- License remains active during deployment and courtesy renewal notifications are sent without renewal fees.
Official no-examination sources
Effective from 2026-09-22.
- DOL military assistance instructions
Put your license on military inactive status
Reactivation of inactive license
- Application
- Submit DOL activation application and comply with chapter 18.85 and its rules; affiliate with a firm.
- Continuing education
- WAC 308-124A-790(4) requires continuing-education attestation if inactive less than one year and outstanding post-licensing requirements upon return to active status.
- Course assessment
- Any assessment required by an education provider is part of completion of the chosen course; the activation provision identifies no separate examination to sit.
- Coursework after three years
- If inactive more than three years, show completion of a 30-hour real estate course within the preceding year; state employees conducting state transactions are exempt.
- Fingerprints
- Current required fingerprint background check.
Official no-examination sources
Effective from 2026-09-22.
- Chapter 18.85 RCW, certified August 15, 2025
RCW 18.85.265(3), activation and course requirement
- Chapter 308-124A WAC, last update August 19, 2025
WAC 308-124A-788(1), activation
Licensure by reciprocity
- Affiliation
- Affiliation with a licensed real estate firm required for active practice.
- Approval
- DOL approval required before scheduling; approval expires after six months and a fresh application and history are required if the examination is not passed then.
- Background check
- Fingerprint background results and any legal-background documents required.
- Fees
- License and research fees required.
- License verification
- Official license history from the issuing authority, including dates of activity, level, expiration, discipline, acquisition method and creation date.
- Licensure deadline
- Apply within one year of passing.
- Minimum age
- At least 18.
- Prior examinations
- Examinations of another jurisdiction supporting that existing license are applicant evidence, not Washington exam leaves.
- Prior license
- Actively licensed in the same or greater capacity in good standing in another jurisdiction now or within the preceding six months.
- School qualification
- High school diploma or equivalent.
Reinstatement within two years of cancellation through coursework
- Cancellation window
- Within two years of cancellation for nonpayment.
- Education
- 60 approved clock hours completed within the year before application; at least 30 in real estate law. DOL says the Real Estate Law course is required and Advanced Law is not a substitute.
- Fees
- All back renewal fees plus penalties and a $100 reinstatement penalty.
- Provider assessments
- Any examination needed to complete the chosen approved course remains an education-provider condition; this option specifies coursework and payments rather than a licensing examination.
Official no-examination sources
Effective from 2026-09-22.
- Chapter 308-124A WAC, last update August 19, 2025
WAC 308-124A-780(1), coursework and payment alternative
Reinstatement using initial licensing qualifications
All of the following:
- Affiliation
- Activate through an affiliated licensed firm; a broker is supervised by its designated or managing broker.
- Background check
- Required fingerprint background check and disclosure of legal background.
- Cancellation
- Option within two years of cancellation; initial licensing qualifications mandatory after more than two years.
- Education
- Complete 30 hours each of advanced real estate law, brokerage management, and business management within three years before applying; pass each approved comprehensive course examination. Course hours must be additional to those used for other requirements, subject to WAC 308-124A-750(2).
- Education substitution
- RCW 18.85.141 and WAC 308-124A-755 permit director-approved equivalent higher-education coursework; submit transcripts and any required certification.
- Experience
- At least three years of full-time licensed broker experience within the preceding five years in Washington or another jurisdiction with comparable requirements.
- Fees
- Required examination, license and research fees.
- Immigration status
- RCW 18.415.010 prohibits denial solely for immigration or citizenship status where other qualifications are met; an ITIN may be provided instead of an SSN.
- Licensure deadline
- Apply for the license within one year of passing the licensing examination.
- Military experience
- RCW 18.85.490 accepts military training or experience unless the director finds it not substantially equivalent.
- Minimum age
- At least 18 years old.
- National examination identity
- Washington calls the supervising broker license Managing Broker. Its PSI National Managing Broker examination is referenced by the supplied frozen PSI National Broker examination version. The entry-level Washington Broker national examination is separately identified in the state handbook and is not substituted for this broker-level national requirement.
- Portion score window
- Pass the required national and state portions within six months of one another.
- Reinstatement courses
- Required initial courses must be completed within three years before applying.
- School qualification
- High school diploma or equivalent.
Active license renewal
- Education
- At least 30 approved hours each two-year renewal cycle, including prescribed core and fair-housing education. At least 15 hours within 24 months; eligible unused hours may be carried forward under WAC 308-124A-790.
- Fees
- Biennial renewal fee; late fee if applicable.
- Fingerprints
- Keep required six-year fingerprint check current.
- Provider assessments
- WAC 308-124H-820 requires approved courses of 30 hours or more to include an examination; RCW 18.85.211 expressly says examinations are not required to fulfill renewal education. This lower-ranked provider-approval requirement does not become a renewal exam leaf.
Official no-examination sources
Effective from 2026-09-22.
- Chapter 18.85 RCW, certified August 15, 2025
RCW 18.85.211(1), examination exclusion
- Chapter 18.85 RCW, certified August 15, 2025
RCW 18.85.211(1), ordinary renewal instruction
Inactive license renewal
- Education
- No continuing-education requirement to maintain inactive status.
- Fees
- Renew every two years, with applicable fees; failure to renew may cancel the license.
- Fingerprints
- Keep background checks current as required for activation.
- Practice
- No real estate brokerage services while inactive.
Official no-examination sources
Effective from 2026-09-22.
- Chapter 18.85 RCW, certified August 15, 2025
RCW 18.85.265(2), inactive renewal
Return to managing broker after reversion
All of the following:
- Affiliation
- Activate through an affiliated licensed firm; a broker is supervised by its designated or managing broker.
- Background check
- Required fingerprint background check and disclosure of legal background.
- Education
- Complete 30 hours each of advanced real estate law, brokerage management, and business management within three years before applying; pass each approved comprehensive course examination. Course hours must be additional to those used for other requirements, subject to WAC 308-124A-750(2).
- Education substitution
- RCW 18.85.141 and WAC 308-124A-755 permit director-approved equivalent higher-education coursework; submit transcripts and any required certification.
- Experience
- At least three years of full-time licensed broker experience within the preceding five years in Washington or another jurisdiction with comparable requirements.
- Fees
- Required examination, license and research fees.
- Immigration status
- RCW 18.415.010 prohibits denial solely for immigration or citizenship status where other qualifications are met; an ITIN may be provided instead of an SSN.
- Licensure deadline
- Apply for the license within one year of passing the licensing examination.
- Military experience
- RCW 18.85.490 accepts military training or experience unless the director finds it not substantially equivalent.
- Minimum age
- At least 18 years old.
- National examination identity
- Washington calls the supervising broker license Managing Broker. Its PSI National Managing Broker examination is referenced by the supplied frozen PSI National Broker examination version. The entry-level Washington Broker national examination is separately identified in the state handbook and is not substituted for this broker-level national requirement.
- Portion score window
- Pass the required national and state portions within six months of one another.
- Prior reversion
- Previously reverted from managing broker to broker. WAC 308-124A-726 requires all RCW 18.85.111 qualifications again, including the examination.
- School qualification
- High school diploma or equivalent.
SCRA recognition and transfer of covered professional license
- Application
- Proof of military orders; spouse marriage certificate when applicable; notarized affidavit affirming identity, truth and completeness, understanding and compliance with state requirements and scope, and good standing in all licensing states.
- Background check
- DOL may require background check and fingerprints.
- Covered license
- License in good standing, never revoked or disciplined, without pending unprofessional-conduct investigation or surrender during such investigation.
- Implementation application
- DOL directs applicants to follow the chosen profession's application process and provide military orders plus written or online verification of good standing.
- Military relocation
- Servicemember or spouse relocates because of military orders for military service to Washington.
- Official text edition
- GPO January 13, 2025 compilation through December 23, 2024 used because current U.S. Code local and server-side endpoints did not provide the provision.
- Practice and discipline
- Submit to Washington standards of practice, discipline and continuing-education requirements.
- State instruction difference
- The DOL SCRA page states: "Use the professional license at some point during the 2 years prior moving to Washington." The obtained federal compilation of section 705A, as amended through P.L. 118-159, defines covered licenses without that two-year-use criterion; the state page demand is retained here for applicants.
Official no-examination sources
Effective from 2026-09-22.
- Official GPO compilation dated January 13, 2025, as amended through P.L. 118-159 enacted December 23, 2024
Section 705A(a), covered-license recognition
- DOL SCRA portability instructions
Introduction / covered-license recognition
Reissuance after support or visitation order compliance
- Continued eligibility
- Meet all other reinstatement requirements throughout the suspension.
- Release
- DOL must receive the responsible department's release stating compliance.
- Suspension
- License suspended for certified noncompliance with a support or visitation order.
Official no-examination sources
Effective from 2026-09-22.
- Chapter 18.85 RCW, certified August 15, 2025
RCW 18.85.351, automatic reissuance after support compliance
National Broker Exam — National Portion (Real Estate Principles and Practices)
- Provider
- PSI Services LLC
- Format
- National portion of state real estate broker licensing examinations with its own minimum passing score; scenario-based questions with more than four options and one best answer, each option weighted zero, one or two points; candidates who fail one portion retake only that portion
Examination outline
I. Property Ownership (Broker 10%) (10%)
- A. Real and personal property; conveyances
- B. Land characteristics and legal descriptions: 1. Metes and bounds method of legal property description; 2. Lot and block (recorded plat) method of legal property description; 3. Government survey (rectangular survey) method of legal property description; 4. Measuring structures (linear and square footage); 5. Land measurement
- C. Encumbrances and effects on property ownership: 1. Types of liens and their effect on the title and value of real property; 2. Easements, rights of way and licenses, including their effect on the title, value and use of real property; 3. Encroachments and their effect on the title, value and use of real property; 4. Potential encumbrances on title, such as probate, leases, or adverse possession; 5. Property rights that may be conveyed separately from use of the land surface, such as mineral and other subsurface rights, air rights, or water rights
- D. Types of ownership: 1. Ownership in severalty/sole ownership; 2. Implications of ownership as tenants in common; 3. Implications of ownership in joint tenancy; 4. Forms of common-interest ownership, such as Timeshares, Condominiums and Co-ops; 5. Property ownership held in a trust or by an estate; 6. Ownership by business entities; 7. Life Estate ownership
II. Land use Controls (Broker 5%) (5%)
- A. Government rights in land: 1. Government rights to impose property taxes and special assessments; 2. Government rights to acquire land through eminent domain, condemnation and escheat
- B. Government controls on land use
- C. Private controls: 1. Deed conditions or restrictions on property use; 2. Subdivision covenants, conditions and restrictions (CC&Rs) on property use; 3. Condominium and owners’ associations regulations or bylaws on property use
III. Valuation (Broker 8%) (8%)
- A. Appraisals: 1. Appraisals for valuation of real property; 2. Situations which require appraisal by a licensed or certified appraiser and brokerage-related actions that constitute unauthorized appraisal practice; 3. General steps in appraisal process
- B. Estimating Value: 1. Economic principles and property characteristics that affect value of real property; 2. Sales or market comparison approach to property valuation and appropriate uses; 3. Cost approach to property valuation and appropriate uses; 4. Income analysis approach to property valuation and appropriate uses
- C. Comparative Market Analysis (CMA): 1. Competitive/Comparative Market Analysis (CMA), BPO or equivalent; 2. Automated Valuation Method (AVM), appraisal valuation and Comparative Market Analysis (CMA)
IV. Financing (Broker 9%) (9%)
- A. Basic Concepts and Terminology: 1. Loan financing (for example, points, LTV, PMI, interest, PITI); 2. General underwriting process (e.g., debt ratios, credit scoring and history); 3. Standard mortgage/deed of trust clauses and conditions; 4. Essential elements of a promissory note
- B. Types of Loans: 1. Conventional loans; 2. Amortized loans, partially amortized (balloon) loans, interest-only loans; 3. Adjustable-rate mortgage (ARM) loans; 4. Government Loans — a. FHA insured loans; b. VA guaranteed loans; c. USDA/Rural Development loan programs; 5. Owner financing (for example, installment or land contract/contract for deed); 6. Reverse-mortgage loans; 7. Home equity loans and lines of credit; 8. Construction loans; 9. Rehab loans; 10. Bridge loans
- C. Financing and Lending: 1. Real Estate Settlement Procedures Act (RESPA), including kickbacks; 2. Truth-in-Lending Act (Regulation Z), including advertising; 3. Requirements and time frames of TRID (TILA-RESPA Integrated Disclosures); 4. Equal Credit Opportunity Act; 5. Lending Process (application through loan closing); 6. Risky loan features, such as prepayment penalties and balloon payments
V. Contracts (Broker 19%) (19%)
- A. General Contract Law: 1. General principles of contract law; 2. Elements necessary for a contract to be valid; 3. Effect of the Statute of Frauds; 4. Offer and a contract; 5. Enforceability of contracts; 6. Void, voidable and unenforceable contracts; 7. Bilateral and unilateral contracts; 8. Nature and use of option agreements; 9. Notice, delivery, acceptance and execution of contracts; 10. Appropriate use, risks, and advantages of electronic signatures and paperless transactions; 11. Rights and obligations of the parties to a contract; 12. Possible remedies for breach or non-performance of contract; 13. Termination, rescission and cancellation of contracts
- B. Purchase and Lease Contracts: 1. Addenda and amendments to contracts; 2. Purchase agreements; 3. Contract contingencies and methods for satisfying them; 4. Leases and rental agreements; 5. Lease-purchase agreements; 6. Types of leases
- C. Proper handling of multiple offers and counteroffers
VI. Agency (Broker 13%) (13%)
- A. Agency and non-agency relationships: 1. Agency relationships and how they are established; 2. Types of listing contracts; 3. Buyer brokerage/tenant representation contracts; 4. Other brokerage relationships, including transaction brokers and facilitators; 5. Powers of attorney and other assignments of authority; 6. Conditions for termination of agency or brokerage service agreements
- B. Agent Duties: 1. Fiduciary duties of agents; 2. Agent's duties to customers/non-clients, including honesty and good faith
- C. Agency Disclosures: 1. Disclosure of agency/representation; 2. Disclosure of possible conflict of interest or self-interest
VII. Property Disclosures (Broker 7%) (7%)
- A. Property Condition: 1. Seller's property condition disclosure requirements; 2. Property conditions that may warrant inspections or a survey; 3. Red flags that warrant investigation of public or private land use controls
- B. Environmental and Government Disclosures: 1. Environmental issues requiring disclosure; 2. Federal, state, or local disclosure requirements regarding the property
- C. Disclosure of material facts and material defects
VIII. Property Management (Broker 5%) (5%)
- A. Duties and Responsibilities: 1. Procurement and qualification of prospective tenants; 2. Fair housing and ADA compliance specific to property management; 3. How to complete a market analysis to identify factors in setting rents or lease rates; 4. Property manager responsibility for maintenance, improvements, reporting and risk management (BROKER ONLY); 5. Handling landlord and tenant funds; trust accounts, reports and disbursements (BROKER ONLY); 6. Provisions of property management contracts (BROKER ONLY)
- B. Landlord and tenant rights and obligations
IX. Transfer of Title (Broker 6%) (6%)
- A. Types of deeds
- B. Title Insurance and Searches: 1. Title insurance policies and title searches; 2. Potential title problems and resolutions; 3. Marketable and insurable title
- C. Closing Process: 1. When transfer of ownership becomes effective; 2. Process and importance of recordation; 3. Settlement procedures (closing) and parties involved; 4. Home and new construction warranties
- D. Special Processes: 1. Special issues in transferring foreclosed properties; 2. Special issues in short sale transactions; 3. Special issues in probate transactions
X. Practice of Real Estate (Broker 12%) (12%)
- A. Antidiscrimination: 1. Federal Fair Housing Act general principles and exemptions; 2. Protected classes under Federal Fair Housing Act; 3. Protections against discrimination based on gender identity and sexual orientation; 4. Prohibited conduct under Federal Fair Housing Act (Redlining, Blockbusting, Steering, Disparate Treatment); 5. Fair housing advertising rules; 6. Americans with Disabilities Act (ADA) obligations pertaining to accessibility and reasonable accommodations
- B. Legislation and Regulations: 1. Licensees’ status as employees or independent contractors; 2. Antitrust laws and types of violations, fines and penalties; 3. Do-Not-Call List rule compliance; 4. Proper use of Social Media and Internet communication and advertising
- C. Duties and Responsibilities: 1. Protection of confidential personal information (written, verbal or electronic); 2. Duties when handling funds of others in transactions; 3. Licensee responsibility for due diligence in real estate transactions
- D. Supervisory Responsibilities (BROKER ONLY): 1. Broker's supervisory responsibilities (licensees, teams and unlicensed assistants and employees) (BROKER ONLY); 2. Broker relationship with licensees (employees or independent contractors and governing rules) (BROKER ONLY)
XI. Real Estate Calculations (Broker 6%) (6%)
- A. Calculations for Transactions: 1. Seller’s net proceeds; 2. Buyer funds needed at closing; 3. Real property tax and other prorations; 4. Real property transfer fees; 5. PITI (Principal, Interest, Taxes and Insurance) payments estimate given loan rate and term
- B. General Concepts: 1. Equity; 2. Rate of return/Capitalization rate; 3. Loan-to-Value ratio; 4. Discount points and loan origination fees
Examination sources
- PSI Services LLC, Virginia Real Estate Candidate Information Bulletin
Description of Examinations and Examination Content Outlines, section I heading
- PSI Services LLC, Virginia Real Estate Candidate Information Bulletin
National portion content outline, section XI heading
- PSI Services LLC, Virginia Real Estate Candidate Information Bulletin
National portion content outline, section X.D heading
- PSI Services LLC, Georgia Real Estate Candidate Information Bulletin
Content Outlines, national portion heading
- PSI Services LLC, Georgia Real Estate Candidate Information Bulletin
National portion content outline, section V heading
- PSI Services LLC, Virginia Real Estate Candidate Information Bulletin
Examination Summary Table note
- PSI Services LLC, Georgia Real Estate Candidate Information Bulletin
Description of Examinations, scenario-based items
- PSI Services LLC, Virginia Real Estate Candidate Information Bulletin
Score Reporting, passing requirement
- PSI Services LLC, Virginia Real Estate Candidate Information Bulletin
License Application Instructions, retake rule
- PSI Services LLC, Virginia Real Estate Candidate Information Bulletin
Introduction, examinations and portions
Advanced WA Real Estate Law Course Examination
Practice scope
The authority has not published an examination outline; the practice questions follow the scope of the existing question bank.
Legal Environment of Real Estate Brokerage
- Firm roles, legal duties, compliance policies, and fiduciary obligations
License and Agency Law
- Document preparation limits, disciplinary offenses, agency formation and termination, and vicarious liability
Advanced Topics in Real Estate
- Land use, federal and state law, litigation, contracts, disclosure, property management, and complex property interests
Employment Issues and Employment Law Compliance
- Hiring, compensation, records, leave, worker status, industrial insurance, and supervisory liability
Examination sources
- Chapter 308-124A WAC, last update August 19, 2025
WAC 308-124A-750(1), named courses and comprehensive examinations
- Required curriculum effective April 21, 2009
Page 1, course title and required curriculum
- Chapter 308-124H WAC, last update July 6, 2022
WAC 308-124H-820(8), page 7
- DOL course approval instructions, pinned September 5, 2026
Gather the necessary documents / New or revised mandated courses / examination
Real Estate Brokerage Management Comprehensive Course Examination
Practice scope
The authority has not published an examination outline; the practice questions follow the scope of the existing question bank.
Broker Relationships
- Firm, designated broker, managing broker, and broker duties in seller, buyer, limited-dual, and nonagency relationships
Broker Supervision and Liabilities
- Supervision models, document review, delegation, trust funds, compliance, advertising, licenses, insurance, and policy manuals
Trust Accounting, Record Keeping, and Fraud
- Trust administration, audits, required records, laundering indicators, currency reports, and fraud
Recruiting and Selecting
- Staffing needs, standards, recruiting, lawful interviews, employee records, and selection
Training
- Training needs, competition, support programs, resources, recognition, resignation, and termination
Productivity
- Performance standards, expectations, reports, improvement, coaching, and accountability
Leadership
- Mission, company image, high-performance culture, communication, and meetings
Examination sources
- Chapter 308-124A WAC, last update August 19, 2025
WAC 308-124A-750(1), named courses and comprehensive examinations
- Required curriculum adopted September 22, 2009
Page 1, course title and required curriculum
- Chapter 308-124H WAC, last update July 6, 2022
WAC 308-124H-820(8), page 7
- DOL course approval instructions, pinned September 5, 2026
Gather the necessary documents / New or revised mandated courses / examination
Business Management Course Examination
Practice scope
The authority has not published an examination outline; the practice questions follow the scope of the existing question bank.
Business Planning
- Business purpose, operating model, market analysis, strategy, and support services
Business Ethics
- Ethical standards and their operational effects
Elements and Organization of a Service Business
- Washington licensing, industrial insurance, and business-entity organization
Financing a Service Business
- Banking, financing, projections, taxes, leases, and maintenance planning
Site Selection
- Location factors, growth patterns, and future site needs
Office Design
- Layout, space, furnishings, technology, and communication efficiency
Fiscal Management
- Operating accounts, bookkeeping, financial statements, budgets, and return on investment
Office Management
- Files, information flow, management priorities, and policy manuals
Human Resource Management
- Staffing, job descriptions, evaluation, delegation, and span of control
Information Technology
- Telecommunications, computer systems, software sourcing, and networking
Marketing
- Market research, public relations, and service marketing strategies
Managed Growth and Strategic Planning
- Market monitoring, target niches, service expansion, and affiliated acquisitions
Examination sources
- Chapter 308-124A WAC, last update August 19, 2025
WAC 308-124A-750(1), named courses and comprehensive examinations
- Required curriculum effective March 18, 2009
Page 1, course title and required curriculum
- Chapter 308-124H WAC, last update July 6, 2022
WAC 308-124H-820(8), page 7
- DOL course approval instructions, pinned September 5, 2026
Gather the necessary documents / New or revised mandated courses / examination
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
- Chapter 308-124A WAC, last update August 19, 2025
WAC 308-124A-760(2) / examination-specific scope
- Candidate Information Bulletin dated March 28, 2024
Page 13, state content outline introductory paragraph
- Candidate Information Bulletin dated March 28, 2024
Page 13, complete Managing Broker state content outline
- Chapter 308-124A WAC, last update August 19, 2025
WAC 308-124A-760(2)
- Candidate Information Bulletin dated March 28, 2024
Page 1, examinations administered by PSI