Quiz Summary
0 of 50 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 50 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50
- Current
- Review
- Answered
- Correct
- Incorrect
-
Question 1 of 50
1. Question
Requirements for licensing as a real estate salesperson include all, except:
CorrectIncorrect -
Question 2 of 50
2. Question
A real estate broker’s advertisements need to include:
CorrectIncorrect -
Question 3 of 50
3. Question
An unlicensed assistant may:
CorrectIncorrect -
Question 4 of 50
4. Question
Roland, a broker, arranges a sale and opens escrow. Before escrow closes, his license is revoked by the Department of Real Estate (DRE). What happens to Roland’s commission?
CorrectIncorrect -
Question 5 of 50
5. Question
Real estate licenses are issued for:
CorrectIncorrect -
Question 6 of 50
6. Question
Robert, a developer who is unlicensed, hires Yvonne, a broker, to sell his properties. While Yvonne is out of town, Robert shows property, quotes prices and makes sales. Have Robert or Yvonne violated the Real Estate Law?
CorrectIncorrect -
Question 7 of 50
7. Question
Which of the following is true?
CorrectIncorrect -
Question 8 of 50
8. Question
A salesperson’s commission is paid by:
CorrectIncorrect -
Question 9 of 50
9. Question
The : prohibits an employer from discriminating against a person with a disability seeking employment based on their disability.
CorrectIncorrect -
Question 10 of 50
10. Question
Salesperson Sally advertised in a newspaper that anyone who bought a home through her services would receive a free home appliance valued up to $500. Such an advertisement is:
CorrectIncorrect -
Question 11 of 50
11. Question
A prohibition against a “For Sale” sign in a residential neighborhood:
CorrectIncorrect -
Question 12 of 50
12. Question
A newspaper advertisement is considered “blind” when it:
CorrectIncorrect -
Question 13 of 50
13. Question
If a group of brokers agreed to divide a market area or set commission rates, it would:
CorrectIncorrect -
Question 14 of 50
14. Question
Any suggestion by a licensee that the racial makeup of a neighborhood is changing to induce panic selling is an example of:
CorrectIncorrect -
Question 15 of 50
15. Question
The Uniform Commercial Code, which pertains to a bulk sale transfer, exists primarily for the protection of:
CorrectIncorrect -
Question 16 of 50
16. Question
When purchasing a business, the buyer needs to be certain a certificate of clearance has been issued by the:
CorrectIncorrect -
Question 17 of 50
17. Question
The best guideline to determine whether an action is ethical can be found in:
CorrectIncorrect -
Question 18 of 50
18. Question
A prospective buyer is interested in purchasing a vacant lot in a rural subdivision. The buyer wishes to know about sewer assessments, liens, utilities to the lot, blanket encumbrances and street maintenance. The source that provides all of this information is the:
CorrectIncorrect -
Question 19 of 50
19. Question
If a licensee’s name is on a list of obligors who have not complied with a court-ordered payment of child support, the licensee’s renewal application will:
CorrectIncorrect -
Question 20 of 50
20. Question
State regulations in Washington contain a statement that prohibits discrimination due to race, color, religion, marital status, national origin, or ancestry. Discrimination in which of the following areas would not be a direct violation of the Rumsford Act?
CorrectIncorrect -
Question 21 of 50
21. Question
Commingling involves the mixing of one client’s monies with:
CorrectIncorrect -
Question 22 of 50
22. Question
In Washington, commission fees charged on residential properties cannot exceed:
CorrectIncorrect -
Question 23 of 50
23. Question
A seller’s broker sold a property to a buyer. Four months later, when the first rains of the season began, the buyer discovered significant roof leaks. The buyer sued both the seller and the broker for the cost of repairs. The seller sued the broker in the same action since the seller had informed the broker numerous times that the building needed a new roof. The broker’s testimony in court revealed the broker was aware of the leaky roof but had not mentioned it to the buyer since the issue of the leaking roof was not mentioned by the buyer. What is the most likely result of the court action?
CorrectIncorrect -
Question 24 of 50
24. Question
A real estate broker takes listing on a residential property. The broker likes the property and chooses to buy it in the name of a separate investment company he owns. Which of the following statements is most correct?
CorrectIncorrect -
Question 25 of 50
25. Question
A buyer of a common interest development (CID) is entitled to receive all except copies of:
CorrectIncorrect -
Question 26 of 50
26. Question
Under the Alquist-Priolo Special Studies Act, a subdivider is required to disclose to potential purchasers:
CorrectIncorrect -
Question 27 of 50
27. Question
Under no circumstances may a real estate broker misrepresent a material fact to a buyer. If they do, the broker faces:
CorrectIncorrect -
Question 28 of 50
28. Question
It is least likely to be a violation of the Real Estate Law for a broker to pay a portion of the commission to a(n):
CorrectIncorrect -
Question 29 of 50
29. Question
A Natural Hazard Disclosure Statement (NHD) needs to be given to a buyer when a natural hazard exists. Which of the following does not trigger delivery of an NHD?
CorrectIncorrect -
Question 30 of 50
30. Question
Earthquake fault zones need to be disclosed to prospective buyers of certain properties in Washington. Typically, earthquake fault zones are:
CorrectIncorrect -
Question 31 of 50
31. Question
A verbal agreement to sell real estate is enforceable when:
CorrectIncorrect -
Question 32 of 50
32. Question
Discriminatory acts in the sale or rental of residential housing accommodations based on sex, religion or national origin of the prospective tenant or buyer are:
CorrectIncorrect -
Question 33 of 50
33. Question
Which of the following state agencies is empowered to prevent acts of discrimination in housing accommodations in Washington due to race, color, sex, national origin or ancestry:
CorrectIncorrect -
Question 34 of 50
34. Question
A Latino real estate agent working in a Hispanic neighborhood informed current owners they should move out because another ethnic group is moving into the area. This conduct is an example of all of the following, except:
CorrectIncorrect -
Question 35 of 50
35. Question
An agreement between two parties in which one party is granted the right to offer, sell, or distribute goods or services under a marketing plan described by the other party is commonly known as:
CorrectIncorrect -
Question 36 of 50
36. Question
A broker chooses to employ their salespeople as independent contractors rather than employees. By doing so, the broker will save out of pocket expenses relating to:
CorrectIncorrect -
Question 37 of 50
37. Question
When inspecting a residence in a hillside subdivision, the salesperson observes cracks in the foundation and notices the doors and windows do not close properly. As a matter of best practice, the salesperson references their observations in the Transfer Disclosure Statement (TDS) and recommends that which of the following be ordered?
CorrectIncorrect -
Question 38 of 50
38. Question
The maximum security deposit for a furnished apartment is:
CorrectIncorrect -
Question 39 of 50
39. Question
An investor made a $40,000 down payment on a $400,000 condominium. One year later, the property increased 10% in value. This resulted in a $40,000 or 100% gain on the $40,000 equity. This is an example of:
CorrectIncorrect -
Question 40 of 50
40. Question
The purpose of a(n) :, like an easement and a lease, is to grant the right to use property owned by another person.
CorrectIncorrect -
Question 41 of 50
41. Question
Roy, an inactive real estate salesperson, offers to assist Mel lease or purchase federal land for a fee.
CorrectIncorrect -
Question 42 of 50
42. Question
After an applicant passes the real estate licensing exam, they need to apply for a license within:
CorrectIncorrect -
Question 43 of 50
43. Question
Which of the following is an example of “puffing”:
CorrectIncorrect -
Question 44 of 50
44. Question
It is appropriate for real property managers to be compensated in all of the following ways, except:
CorrectIncorrect -
Question 45 of 50
45. Question
Who is authorized to manage property for the general public?
CorrectIncorrect -
Question 46 of 50
46. Question
An unlawful detainer (UD) action is instigated by:
CorrectIncorrect -
Question 47 of 50
47. Question
The purpose of the Real Estate Law is to:
CorrectIncorrect -
Question 48 of 50
48. Question
Most real estate records need to be kept for a period of three years, commencing from the date that a property is first listed or the date:
CorrectIncorrect -
Question 49 of 50
49. Question
When a purchase agreement states the property is being sold “as is,” it:
CorrectIncorrect -
Question 50 of 50
50. Question
An example of a red flag would be:
CorrectIncorrect