Study guides, Class notes & Summaries

Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following statements best describes the deposit of this trust money? Rebecca may deposit it in the firm's regular trust account. Rebecca must deposit it in an individual trust account set up for just this client. Rebecca must deposit the funds in a non-interest bearing trust account. Rebecca must deposit the funds into a DOL special trust fund account. - Answer **Rebecca may deposit it in the firm's regular ...

WASHINGTON STATE PORTION (REAL ESTATE EXAM) QUESTIONS AND ANSWERS, RATED A+/ Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following statements best describes the deposit of this trust money? Rebecca may deposit it in the firm's regular trust account. Rebecca must deposit it in an individual trust account set up for just this client. Rebecca must deposit the funds in a non-interest bearing trust account. Rebecca must deposit the funds into a DOL speci...

WASHINGTON STATE PORTION (REAL ESTATE EXAM) Questions and answers, verified. Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following statements best describes the deposit of this trust money? Rebecca may deposit it in the firm's regular trust account. Rebecca must deposit it in an individual trust account set up for just this client. Rebecca must deposit the funds in a non-interest bearing trust account. Rebecca must deposit the funds into a DOL specia...

Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following statements best describes the deposit of this trust money? Rebecca may deposit it in the firm's regular trust account. Rebecca must deposit it in an individual trust account set up for just this client. Rebecca must deposit the funds in a non-interest bearing trust account. Rebecca must deposit the funds into a DOL special trust fund account. - correct answer **Rebecca may deposit it in the fi...

WASHINGTON STATE REAL ESTATE EXAM | QUESTIONS & 100% VERIFIED ANSWERS | LATEST UPDATE | PASSED The voluntary and permanent cessation of use or enjoyment with no intention to resume or reclaim one's possession or interest. May pertain to an easement or a property. Correct Answer: Abandonment Tenants cannot sign away their rights in advance of signing the lease. Correct Answer: Abrogation A condensed version of the history of title to a particular parcel of real estate as recorded in ...

WASHINGTON STATE PORTION (REAL ESTATE EXAM) EXAM | QUESTIONS & 100% VERIFIEDANSWERS | LATEST UPDATE | PASSED Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following statements best describes the deposit of this trust money? Rebecca may deposit it in the firm's regular trust account. Rebecca must deposit it in an individual trust account set up for just this client. Rebecca must deposit the funds in a non-interest bearing trust account. Rebecca mus...

WASHINGTON STATE REAL ESTATE EXAM SET 1 | QUESTIONS & 100% VERIFIEDANSWERS | LATEST UPDATE | PASSED when does the real estate agent give the seller's a copy of their listing agreement form? Correct Answer: immediately what are the elements needed for a valid purchase and sales agreement? Correct Answer: consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as c...

WASHINGTON STATE SPECIFIC REAL ESTATE EXAM | QUESTIONS & 100% VERIFIEDANSWERS | LATEST UPDATE | PASSED Qualifications for wa state real estate commission Correct Answer: 5 years of experience performing real estate brokerage services in this state or 3 years experience in investigative work of a similar nature, preferably in relation to the administration of real estate license law in Washington or elsewhere. Who appoints the real estate commission seats? Correct Answer: The govern...

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