Washington Managing Broker Exam — All Questions
3 questions
Washington real estate licensing, including the managing broker credential, is administered under RCW 18.85 by the:
- a.Washington State Bar Association
- b.Washington State Department of Licensing (DOL)✓
- c.Washington Association of Realtors
- d.Washington Utilities and Transportation Commission
Real estate licensing in Washington is administered by the Department of Licensing (DOL) under RCW 18.85 and the rules in WAC 308-124. DOL issues the broker, managing broker, and designated broker credentials, investigates complaints, and disciplines licensees. A trade association is a private membership group with no licensing authority.
In Washington's three-tier license structure, which credential is the firm-level licensee legally responsible for the operation of the real estate firm and its trust accounts?
- a.Broker
- b.Managing broker
- c.Designated broker✓
- d.Affiliated licensee
Washington uses three names: a Broker is the entry license, a Managing Broker has met additional experience and education and may supervise, and the Designated Broker is the managing broker a firm designates as legally responsible for the firm's operations, records, and trust accounts. Every Washington real estate firm must have a designated broker.
A candidate applying for the Washington managing broker license generally must have:
- a.About three years of full-time experience as a Washington broker within the prior five years plus additional approved clock-hour education✓
- b.Only a passing score on the salesperson exam
- c.A four-year college degree in any field and no experience
- d.Ten years of experience but no additional coursework
The managing broker credential sits above the entry Broker license. Washington requires roughly three years of full-time experience as an active Washington broker during the prior five years plus additional approved managing-broker clock-hour education before a candidate may sit for the managing broker examination. Candidates should confirm the current hour and experience requirements with DOL.