The position involving control over the firm's operational and financial decisions requires which licensure?

• A. Managing broker with designated broker endorsement
• B. Real estate broker
• C. Principal broker
• D. Associate broker

Answer: (A)

Controlling a firm’s day-to-day operations and finances is handled by the broker who is designated to supervise the whole brokerage. In Washington, a brokerage must appoint a designated broker who bears ultimate responsibility for the firm’s compliance, operations, and handling of funds. That role is filled by a managing broker who also holds the designated broker endorsement, which links the managing broker’s license to the firm’s supervision duties. A regular broker or associate broker isn’t authorized to supervise the firm’s finances or overall operations, and a designation is what legally empowers someone to manage those firm-wide decisions. So the licensure that best fits a role with control over both operations and finances is a managing broker with the designated broker endorsement.