Washington Managing Broker Exam — All Questions

The Washington managing broker examination includes a section titled 'Scenarios in Real Estate Practice' that is:

• a.Also given on the plain broker exam
• b.Unique to the managing broker exam and tests applied judgment in realistic brokerage situations✓
• c.A math-only calculation block
• d.An optional survey that is not scored

The 'Scenarios in Real Estate Practice' block appears on the managing broker exam and not on the plain broker exam. It presents realistic brokerage situations and tests the candidate's applied judgment about supervision, compliance, and consumer protection, reflecting the higher responsibility of a managing broker.

A managing-broker scenario question describes an affiliated broker who deposited an earnest-money check into the wrong account. The best managing-broker response is to:

• a.Ignore it because the affiliated broker is solely responsible
• b.Ask the client to sign a waiver and move on
• c.Wait until an audit finds the error
• d.Correct the handling promptly, document it, and reinforce trust-account policy and supervision✓

Scenario items reward the supervisory, compliance-first answer. A managing broker should promptly correct the misdeposit so client funds are properly held in the firm trust account, document the correction, and reinforce policy and training. Trust-fund handling is the managing broker's responsibility to supervise, not something to leave to chance or to an audit.

In a Washington managing-broker scenario, an affiliated licensee wants to withhold a known material defect from a buyer. The managing broker should:

• a.Direct the licensee to disclose the known material fact, consistent with the duties owed to all parties under RCW 18.86✓
• b.Support withholding it to protect the seller-client
• c.Tell the licensee it is a personal decision outside firm policy
• d.Advise the licensee to disclose it only after closing

Under RCW 18.86 a Washington licensee owes all parties honesty and the disclosure of material facts the licensee knows and that are not apparent. A managing broker supervising the transaction must direct disclosure of a known material defect; helping conceal it would expose the licensee and the firm to discipline and liability.