Washington Real Estate Broker Exam — All Questions
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Washington's real estate agency law (RCW 18.86) requires that consumers be provided which informational document explaining brokerage relationships?
- a.The pamphlet on the law of real estate agency✓
- b.A federal Truth in Lending statement
- c.A property tax assessment
- d.A homeowners insurance binder
Under RCW 18.86, Washington brokers must provide consumers with the statutory pamphlet describing the law of real estate agency, which explains the duties owed and the types of relationships. This ensures consumers understand representation before entering a transaction.
In most Washington residential resales, the seller must give the buyer a completed real estate 'Form 17.' This form is the:
- a.Lead paint addendum
- b.Purchase and sale agreement
- c.Seller Disclosure Statement required under RCW 64.06✓
- d.Escrow instruction letter
Washington's Form 17 is the Seller Disclosure Statement required by RCW 64.06 for most residential sales. The seller discloses the known condition of the property and systems. The buyer typically has a right to rescind within a set period after receiving it if not satisfied.