Rockwell Exam 2 Review With 100% Correct Answers

L owns a bookstore and the lot it sits on. He hires M, a high school English teacher, to find a buyer for the business and property. He agrees to pay her $5,000. M finds a buyer and L pays her $5,000. Has M violated the real estate license law? A. Yes, because selling a business opportunity that includes real estate for pay requires a license B. Yes, because she entered into an oral listing agreement C. No, because L came to her with the idea of selling his bookstore D. No, because business opportunities aren't classified as real estate {Ans: A. Yes, because selling a business opportunity that includes real estate for pay requires a license}Under the Washington real estate license law, someone must have a license in order to: A. cold call listing prospects and offer to perform brokerage services B. distribute property information packets C. install display signs D. perform property maintenance tasks {Ans: A. cold call listing prospects and offer to perform brokerage services}An older retail building has narrow hallways and window air conditioning units rather than central AC. These would be examples of: A. economic obsolescence B. external obsolescence C. functional obsolescence D.