Washington License Law
A Washington licensee's client asks the licensee to lie to a lender about the buyer's ability to make a down payment. The licensee should:
AComply with the client's request as a service obligation
BRefuse to participate in the fraudulent scheme and potentially terminate the agency relationship✓ Correct
COnly agree if the lender would likely never discover the truth
DConsult with the designated broker and comply if approved
Explanation
A real estate licensee cannot participate in mortgage fraud or misrepresentation to a lender. Lying to a lender is a federal crime. The licensee must refuse and may need to terminate the client relationship. Compliance with a client's illegal instructions is never permissible.
Related Washington Washington License Law Questions
- A Washington managing broker wishes to open a real estate branch office. What is required?
- Under Washington law, earnest money received in connection with a real estate transaction must be deposited in a trust account within:
- How many questions are on the Washington State broker licensing examination?
- A Washington real estate firm that has multiple office locations must:
- A Washington broker who negotiates the sale of a business opportunity (business only, no real estate) must:
- A Washington real estate licensee who practices under a team name must ensure that all team advertising:
- Under RCW 18.85, the broker's duty to supervise clients does NOT include which of the following?
- In Washington, a licensee who does not have a social security number may use an Individual Taxpayer Identification Number (ITIN) when applying for a real estate license.
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →