David is a licensed real estate broker in Oregon and wants to obtain a Washington broker license without completing the full 90-hour pre-licensing education requirement. He has been actively licensed in Oregon for two years. Which of the following best describes Washington's reciprocity or endorsement policy for out-of-state licensees?
Correct Answer
D) Washington offers license endorsement for applicants from states with equivalent licensing standards, requiring the state portion of the exam but potentially waiving pre-licensing education
Washington offers a license endorsement process for applicants who hold an active license in another state. Under this process, the DOL may waive the pre-licensing education requirement if the applicant's home state has equivalent standards. However, the applicant must still pass the Washington state portion of the examination to demonstrate knowledge of Washington-specific law. A background check and application are also required. This is not called 'reciprocity' in Washington but rather 'endorsement.'
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Related Topics & Key Terms
Key Terms:
Related Concepts
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
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