WA Broker Exam — 13-Question Re-Drill, Full Text

Plain-text mirror of the interactive re-drill at /wa-drill.html. All thirteen questions, every answer choice, the correct answer, the explanation and the statutory citation. No JavaScript is required to read this page.

13 questions total.

Question 1PM trust

An owner signs a written directive asking that the property management trust account holding her units be interest-bearing. The interest is paid to:

  1. The state, 75% housing trust fund and 25% education
  2. The owner
  3. The tenants, pro rata by deposit
  4. The firm, as a management fee

Correct answer: B — The owner

A PM account is interest-bearing only by written agreement or owner directive, and the interest goes to the owner.

WAC 308-124E-115

Question 2PM trust

Which trust account's interest actually goes 75% to the housing trust fund and 25% to the real estate education account?

  1. Any trust account the firm maintains
  2. A property management account holding security deposits
  3. A pooled account holding deposits of $10,000 or under
  4. Only accounts holding more than $10,000

Correct answer: C — A pooled account holding deposits of $10,000 or under

The 75/25 split applies to pooled deposits of $10,000 or under. PM accounts are exempt — applying the split to them is the reflex error.

RCW 18.85.285 · WAC 308-124E-115

Question 3PM trust

A firm's PM trust account holds security deposits for several different owners. The bookkeeper wants to set up an automatic monthly transfer to cover routine owner draws. This is:

  1. Fine, if reconciled monthly
  2. Fine, if each owner authorises it in writing
  3. Prohibited
  4. Fine, if the transfer never exceeds the owner's balance

Correct answer: C — Prohibited

No preauthorized recurring disbursements where the account holds security deposits or multiple clients' funds. No authorisation cures it.

WAC 308-124E

Question 4PM trust

How must a firm take its earned property management commissions out of the trust account?

  1. Per transaction, as each rent payment clears
  2. At least monthly, by one check to the firm, with a supporting schedule
  3. Quarterly, by transfer to the operating account
  4. At the designated broker's discretion, documented in the file

Correct answer: B — At least monthly, by one check to the firm, with a supporting schedule

At least monthly, one check to the firm, with a supporting schedule.

WAC 308-124E

Question 5PM trust

Mid-tenancy, an owner asks the firm to release half of a tenant's security deposit to cover a repair. The firm may:

  1. Release it, with written notice to the tenant
  2. Release it if the lease permits owner draws
  3. Not release it without the tenant's written agreement
  4. Release it after 30 days if the tenant does not object

Correct answer: C — Not release it without the tenant's written agreement

No security-deposit disbursement without the tenant's written agreement until the tenancy ends.

WAC 308-124E

Question 6Conversion

A client delivers a written demand for the return of her documents and funds on March 1. Nothing has been returned by April 5. This is:

  1. A technical violation only, curable on return
  2. Prima facie evidence of conversion
  3. Grounds for an automatic licence suspension
  4. Not yet actionable — the period is 60 days

Correct answer: B — Prima facie evidence of conversion

More than 30 days after demand. Failure to return money or documents within 30 days is prima facie evidence of conversion.

RCW 18.85.361(5)

Question 7The numbers

Match the deadline: a licensee is charged with a felony on June 1. He must notify the program by:

  1. June 11
  2. June 21
  3. July 1
  4. The next renewal

Correct answer: B — June 21

20 days — and the charge triggers it, not the conviction. Do not confuse this with the 30-day conversion period or the 30-day disbursement date.

RCW 18.235 · RCW 18.85

Question 8DB role

A managing broker with a controlling interest in one firm is asked to become designated broker for a second, unrelated firm. She may:

  1. Not do so — a designated broker may serve only one firm
  2. Do so, with a designated broker endorsement
  3. Do so only if the firms share common ownership
  4. Do so only with the written consent of the director

Correct answer: B — Do so, with a designated broker endorsement

A designated broker may serve more than one firm. Option A is the Arizona rule and is the trap — this is the one miss on your list that was Arizona instinct.

RCW 18.85

Question 9DB role

To be a designated broker in Washington, a person must be:

  1. Any broker the firm nominates in writing
  2. A managing broker with a controlling interest and an endorsement
  3. A managing broker with 5 years of experience
  4. An owner of the firm, licensed or not

Correct answer: B — A managing broker with a controlling interest and an endorsement

Managing broker + controlling interest + endorsement.

RCW 18.85

Question 10Renewal

A broker's licence expired 8 months ago and has not been renewed. Its status is:

  1. Canceled
  2. Expired, and still renewable
  3. Inactive
  4. Revoked

Correct answer: B — Expired, and still renewable

Cancellation happens only when a licence goes unrenewed for 1 year past expiration. At 8 months it is expired but still renewable. Compare the 14-month case, which is canceled.

RCW 18.85

Question 11Renewal

A licence was canceled 18 months ago. To reinstate, the licensee needs:

  1. Back fees only
  2. 60 clock hours including at least 30 in real estate law, within the prior year, plus back fees and a $100 penalty
  3. To requalify from the beginning, including the exam
  4. 30 clock hours and a $250 penalty

Correct answer: B — 60 clock hours including at least 30 in real estate law, within the prior year, plus back fees and a $100 penalty

Within 2 years of cancellation: 60 clock hours (≥30 real estate law) completed in the prior year, back fees, and a $100 penalty. Beyond two years — requalify.

RCW 18.85

Question 12Surrender

A broker resigns. There is a genuine, documented dispute over an unpaid commission. The designated broker holds the broker's licence until it is settled. This is:

  1. Proper — the firm holds the licence and may assert its interest
  2. Proper for up to 10 days
  3. Improper — the DB must surrender without delay and may not condition surrender
  4. Proper only if the dispute exceeds $1,000

Correct answer: C — Improper — the DB must surrender without delay and may not condition surrender

The firm does hold the licence — which is why option A feels right and is the trap. But the DB must surrender it without delay and may not condition surrender on anything, a commission dispute included.

RCW 18.85

Question 13Surrender

After surrender, that broker is not yet affiliated with a new firm. On inactive status she may:

  1. Perform brokerage services while her transfer is pending
  2. Perform no brokerage services at all
  3. Perform only property management
  4. Perform brokerage services for 30 days

Correct answer: B — Perform no brokerage services at all

Inactive means not affiliated with a firm and no brokerage services. Exempt from CE while inactive — but inactive over 3 years requires a 30-hour course within 1 year before reactivating.

RCW 18.85