Free Real Estate Brokerage Management Comprehensive Course Examination Practice Questions

Sample Practice Questions

Try these 10 sample questions from the Real Estate Brokerage Management Comprehensive Course Examination practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1How is a Washington seller's agent for a transaction ordinarily appointed within a firm?

   1. A. The firm appoints the broker under its services agreement with the seller
   2. B. The broker unilaterally appoints herself without the firm
   3. C. The seller appoints the broker outside any firm services agreement
   4. D. The license affiliation alone automatically appoints the broker

   Answer: A

   Explanation: RCW 18.86.020 governs the appointment of brokers as agents through the firm's brokerage-services relationship. The controlling official text states: "Broker's firm has appointed the broker to represent the seller pursuant to a services agreement between the firm and the seller, in which case the broker is a seller's agent"

   Reference: RCW 18.86.020: — RCW 18.86.020 - appointment and agreements

2. 2Which Washington brokers require heightened supervision under the specific experience rule?

   1. A. Brokers licensed for less than two years
   2. B. All brokers licensed over ten years only
   3. C. Only inactive brokers
   4. D. Only out-of-state clients

   Answer: A

   Explanation: WAC 308-124C-145 addresses heightened supervision for brokers licensed less than two years. The controlling official text states: "heighten supervision of brokers that are licensed for less than two years."

   Reference: WAC 308-124C-125: — WAC 308-124C-125(8)(b) - heightened supervision

3. 3A firm is selecting a depository for client money. Which institution satisfies Washington's trust-account location rule?

   1. A. An insured bank able to accept service in Washington
   2. B. An insured bank unable to accept service in Washington
   3. C. An uninsured bank able to accept service in Washington
   4. D. A title company able to accept service in Washington

   Answer: A

   Explanation: WAC 308-124E-105 requires an insured bank, savings association, or credit union that can accept service in Washington. The controlling official text states: "Funds or moneys received in trust shall be deposited in a bank, savings association, or credit union insured by the Federal Deposit Insurance Corporation or the share insurance fund of the National Credit Union Administration, or any successor federal deposit insurer. The financial institution must be able to accept service in Washington state."

   Reference: WAC 308-124E-105: — WAC 308-124E-105 - financial institution

4. 4At what workforce threshold do Washington job-posting compensation disclosures apply?

   1. A. 15 or more employees
   2. B. 5 or more employees
   3. C. 25 or more employees
   4. D. 50 or more employees

   Answer: A

   Explanation: L&I states that job-posting disclosure requirements apply to employers with 15 or more employees. The controlling official text states: "These job posting requirements only apply to employers with 15 or more employees."

   Reference: Equal Pay & Opportunities Act — job postings

5. 5What minimum assessment size must a Washington-approved 30-hour managing-broker course use?

   1. A. 90 questions
   2. B. 44 questions
   3. C. 100 questions
   4. D. 30 questions

   Answer: A

   Explanation: WAC 308-124H-820 requires a minimum of three questions per clock hour, hence at least 90 for 30 hours. The controlling official text states: "no fewer than three questions per clock hour with a minimum of 90 questions"

   Reference: Chapter 308-124H WAC: — WAC 308-124H-820(8) - WAC 308-124H-820(8)

6. 6When is a written buyer-services agreement not required under Washington's statutory exception?

   1. A. When the broker acts solely as buyer's agent for commercial real estate
   2. B. Whenever the buyer declines limited dual agency
   3. C. Whenever the property has four residential units
   4. D. Whenever the broker expects no closing that day

   Answer: A

   Explanation: RCW 18.86.020 states that no services agreement is required for a buyer's agent acting solely in commercial real estate. The controlling official text states: "A services agreement is not required when a broker performs real estate brokerage services as a buyer's agent solely for commercial real estate."

   Reference: RCW 18.86.020: — RCW 18.86.020(3) - commercial exception

7. 7What formalities apply to Washington assignments of managing-broker and branch-manager duties?

   1. A. Keep assignments current and have all parties sign them
   2. B. Use an oral assignment renewed every month
   3. C. Record the assignment with the county auditor
   4. D. Obtain signatures only from affiliated brokers

   Answer: A

   Explanation: WAC 308-124C-125 requires up-to-date written assignments signed by all parties. The controlling official text states: "The delegation agreement(s) must be signed by all parties to the agreement."

   Reference: WAC 308-124C-125: — WAC 308-124C-125(8) - signed assignments

8. 8Absent a mutual written agreement directing otherwise, to whom must a Washington earnest-money check received by a brokerage be payable?

   1. A. The real estate firm as licensed
   2. B. The individual broker personally
   3. C. The seller in every transaction
   4. D. An escrow agent chosen after receipt

   Answer: A

   Explanation: WAC 308-124D-200 requires checks received as earnest money to be payable to the real estate firm as licensed unless the principals mutually agree in writing to payment to the seller or a named escrow agent. The controlling official text states: "All checks received as earnest money, security or damage deposits, rent, lease payments, contract or mortgage payments on real property or business opportunities owned by clients shall be made payable to the real estate firm as licensed"

   Reference: WAC 308-124D-200: — WAC 308-124D-200 - check payee

9. 9An employee accepts an internal transfer at a Washington brokerage and requests pay information. What must the firm provide?

   1. A. The wage scale or salary range for the new position
   2. B. The prior position holder's confidential salary history
   3. C. Only the statewide minimum wage
   4. D. No pay information until the next annual review

   Answer: A

   Explanation: L&I requires the wage scale or salary range for an internal transfer or promotion upon the employee's request. The controlling official text states: "Employers must provide an employee who is offered an internal transfer or promotion with the wage scale or salary range of their new position, upon request by the employee."

   Reference: Equal Pay & Opportunities Act — Internal transfers and promotions

10. 10What passing score must a Washington school set for a mandated course's comprehensive examination?

    1. A. 70 percent
    2. B. 75 percent
    3. C. 60 percent
    4. D. 80 percent

    Answer: A

    Explanation: WAC 308-124H-820 specifies a minimum passing score of seventy percent. The controlling official text states: "a requirement of passing course grade of at least 70 percent"

    Reference: Chapter 308-124H WAC: — WAC 308-124H-820(8) - WAC 308-124H-820(8)