10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The WARE-MB exam has 134 questions and runs 4 hours.
These 10 free WARE-MB questions are organized by exam domain, so you can see how each part of the Washington Real Estate Managing Broker Exam blueprint is tested. Reveal the answer and explanation under each question.
Two investors take title as tenants in common, one holding a 70% interest and the other a 30% interest. The 30% owner dies and leaves that interest to her daughter by a valid will. What interest does the daughter receive?
Correct answer: A - The 30% undivided interest, with possession shared with the surviving cotenant
A buyer plans to operate short-term rentals. City zoning permits the use, but recorded subdivision CC&Rs prohibit rentals of fewer than 30 days, and no waiver has been granted. The controlling conclusion is:
Correct answer: C - Both controls apply, so the CC&R currently bars the planned use
An appraiser analyzes a stabilized apartment property with potential gross income of $312,000, vacancy and collection loss of $18,000, other income of $6,000, operating expenses of $90,000, annual debt service of $48,000, and a market capitalization rate of 7%. Using direct capitalization, the indicated value is approximately:
Correct answer: C - $3.0 million
A conventional loan on a principal residence had an original property value of $400,000. The scheduled principal balance is now $316,000, the loan is current, and the borrower meets the good-payment-history and subordinate-lien conditions. Under the federal PMI cancellation framework:
Correct answer: B - Cancellation may be requested now; automatic termination generally occurs at 78%
A buyer offers $700,000 with a June 15 closing. The seller changes the price to $715,000, signs, and returns the document. Before the buyer accepts, the seller directs the broker to revoke, and the revocation is communicated to the buyer. No option contract exists. The transaction now stands as follows:
Correct answer: D - The counteroffer was revoked before acceptance, so no contract formed
A seller receives three written offers: $725,000 contingent on the buyer's home sale, $720,000 with financing and appraisal contingencies, and $710,000 cash with no financing contingency. No offer has been accepted. The seller retains the right to:
Correct answer: A - Choose, reject, or counter any offer after comparing all terms
During negotiations, a seller tells the listing broker that a job transfer makes a closing within 30 days important and instructs the broker not to reveal the urgency. The seller can perform the contract, and the deadline is unrelated to the property's condition. The response that preserves both confidentiality and honesty is:
Correct answer: B - Decline to discuss the seller's motivation and avoid any false statement
Before closing, a listing broker personally observes recurrent water entering a basement after heavy rain, a condition not apparent during ordinary viewing. The seller says the property is being sold as-is and the buyer waived inspection, so the condition should not be disclosed. The broker's duty is to:
Correct answer: D - Disclose the known flooding; an as-is clause does not permit concealment
At 2:00 a.m., a tenant reports that a ruptured supply line is spraying water into an occupied unit. The management agreement authorizes emergency spending to prevent injury and property damage, but the owner cannot be reached. The manager's first response should be:
Correct answer: C - Activate a qualified emergency response, protect occupants and property, document the event, and notify the owner
A title insurer will issue a policy that expressly excepts an unreleased mechanic's lien. The purchase agreement requires marketable title free of that lien at closing. The seller argues that the available policy satisfies the contract. This means:
Correct answer: A - Insurable title may still be unmarketable under the contract
The WARE-MB exam also covers these domains. Drill them in the full free practice test:
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