Washington State Real Estate Practice Exam

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Prepare for the Washington State Real Estate Exam. Study with interactive quizzes featuring multiple-choice questions designed to reinforce your understanding of real estate principles and laws. Gain the confidence you need to excel in your certification exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

In Washington State, can a real estate broker act as an independent contractor?

Yes, but only under specific conditions
No, they must be employees
Yes, it is allowed
No, it is illegal

The correct answer is: Yes, it is allowed

In Washington State, real estate brokers are allowed to act as independent contractors. This classification provides brokers the flexibility to determine their own work schedules, choose the methods in which they conduct business, and manage their finances in a way that suits their personal and professional goals. The independent contractor status often leads to tax advantages, as brokers can deduct business expenses that employees might not be able to. Additionally, while brokers can operate as independent contractors, they still need to work within the framework of real estate laws and regulations established by the state. It is essential for brokers to maintain their licenses and adhere to the requirements set forth by the Washington State Department of Licensing. The other options imply restrictions or prohibitions that do not align with the current laws governing real estate practices in Washington. Therefore, the correct understanding is that acting as an independent contractor is indeed permitted for real estate brokers in this state.