WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE.

WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - -C. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - -C. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C. Quitclaim deed D. Special Warranty deed - -C Quitclaim deed A Judgement Lien: A. Applies only to personal property B. Applies only to real property C. takes first lien position D. When paid off, requires satisfaction of judgment to be recorded to clear the record - -D When paid off, requires satisfaction of judgment to be recorded to clear the record The Police Powers of the government include: A. Defeasance B. Foreclosure C. Lis Pendens D. Building Codes and zoning regulations - -D. Building Codes and Zoning regulations The Term "Meeting of the Minds" is associated with: A. Full performance of a contract B. Offer and acceptance C. Execution D tender of an offer - -A. Full performance of a contract Exaggeration about a property's positive characteristics would be considered: A. Fraud B. Misrepresentation C. Overstating D. Puffing - -D Puffing The seller listed the property for $95,000. Assuming that their listing agreement is typical, the broker would NOT be entitled to a commission if the seller: A. Rejected a $90,000 offer from a financially qualified buyer B. Accepted a $90,000 offer from a financially qualified buyer C. Accepted a $95,000 offer, but his title turned out to be unmarketable D. Rejected a $95,000 offer from a financially qualified buyer - -A. Rejected a $90,000 offer from a financially qualified buyer A Contract specifies that "time is of the essence." This means that: A. the seller must fulfill her contractual duties by the date set forth in the contract, but the buyer does not have to B. the buyer must fulfill her contractual duties by the date set forth in the contract, but the seller does not have to C. the agent must fulfill his contractual duties by the date set forth in the contract, but the buyer and seller do not have too D all contractual duties must be fulfilled on or before the date set forth in the contract - -D all contractual duties must be fulfilled on or before the date set forth in the contract Usury laws fix which of the following items? A. minimum interest rates B. Maximum interest rates C. Length of time for repayment of loans D. Loan to value Ratios - -B maximum interest rate