Agency
Under Washington's Law of Real Estate Agency (RCW 18.86), a real estate broker owes all clients the duty of:
ALoyalty, obedience, and full disclosure regardless of agency
BReasonable care, honesty, and accounting for all funds received✓ Correct
CProviding a comparative market analysis at no charge
DDisclosing the seller's minimum acceptable price
Explanation
RCW 18.86 requires all brokers to exercise reasonable care, deal honestly, and promptly account for all funds.
Related Washington Agency Questions
- In Washington, a seller's agent who knows the property has a cracked foundation hidden behind finished drywall must:
- A Washington real estate licensee represented the buyer in a transaction last year. The same client returns with a new property in mind. The licensee must:
- A Washington seller tells their listing agent that they would accept $475,000 for their home listed at $510,000. A buyer's offer comes in at $480,000. The listing agent can tell the buyer's agent:
- Under Washington's RCW 18.86, which parties must sign a written agency agreement to establish a buyer's agency relationship?
- A Washington listing agent discovers during a showing that the buyer is represented by an out-of-state broker who is not licensed in Washington. The listing agent should:
- A Washington listing broker who knows the seller's property was used as a meth lab but fails to disclose this to buyers is:
- A Washington listing agreement is signed. Before the property is listed on the MLS, the seller tells the broker they need to sell within 30 days due to financial hardship. The broker must:
- A Washington buyer's agent writes an offer on behalf of their client. The agent makes an error in the offer price (types $390,000 instead of the intended $380,000). This is a/an:
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →