Washington State Real Estate Exam
Questions and Answers (Latest update
2024)
The voluntary and permanent cessation of use or enjoyment
with no intention to resume or reclaim one's possession or
interest. May pertain to an easement or a property. - Correct
Answer ✅ Abandonment
Tenants cannot sign away their rights in advance of signing
the lease. - Correct Answer ✅ Abrogation
A condensed version of the history of title to a particular
parcel of real estate as recorded in the county clerk's records;
consists of a summary of the original grant and all
subsequent conveyances and encumbrances affecting the
property. - Correct Answer ✅ Abstract of Title
The joining, reaching, or touching of adjoining land. Abutting
parcels of land have a common boundary. - Correct Answer
✅ Abutting
A method of calculating for tax purposes the depreciation of
income property at a faster rat than would be achieved using
the straight-line method. Note** any depreciation taken in
,Washington State Real Estate Exam
Questions and Answers (Latest update
2024)
excess of that which would be claimed using the straight-line
rate is subject to recapture as ordinary income to the extent
of gain resulting from the sale. - Correct Answer ✅
Accelerated Depreciation
A provision in a written mortgage, note, bond, or conditional
sales contract that, in the event of a default, the whole
amount of principal and interest may be declared to be due
an payable at once. - Correct Answer ✅ Acceleration
Clause
An increase or addition to land by the deposit of sand or soil
washed up naturally from a river lake or sea. - Correct
Answer ✅ Accretion
The actual depreciation that has occurred to a property at
any given date; the difference between the cost of
replacement new (as of the date of appraisal) and the
present appraised value. - Correct Answer ✅ Accrued
Depreciation
,Washington State Real Estate Exam
Questions and Answers (Latest update
2024)
A declaration made by a person to a notary public, or other
public official authorized to take acknowledgments that an
instrument was executed by that person as a free and
voluntary act. - Correct Answer ✅ Acknowledgment
The result of legal action originated by a lessor, whereby a
defaulted tenant is physically ousted from the rented
property pursuant to a court order. - Correct Answer ✅
Actual Eviction
Express information or fact; that which is know; actual
knowledge. - Correct Answer ✅ Actual Notice
A mortgage in which the interest rate changes at
predetermined intervals. The mortgage has caps, or a ceiling,
that limits the amount it can change at the predetermined
intervals. - Correct Answer ✅ Adjustable-rate Mortgage
The party appointed by the county court to settle the estate
of a deceased person who died without leaving a will. -
Correct Answer ✅ Administrator
, Washington State Real Estate Exam
Questions and Answers (Latest update
2024)
A tax levied according to value; generally used to refer to real
estate tax. Also called the general tax. - Correct Answer ✅
Ad Valorem Tax
The right of an occupant of land to acquire title against the
real owner, where possession has been actual, continuous,
hostile, visible, and distinct for the statutory period. - Correct
Answer ✅ Adverse possession
A written statement signed and sworn to before a person
authorized to administer an oath. - Correct Answer ✅
Affidavit
One who represents or has the power to act for another
person (called the principal). The authorization may be
express or implied. A fiduciary relationship is created under
the law of agency when a property owner, as the principal,
executes a listing agreement or management contract
authorizing a licensed real estate broker to be the owner's
agent. - Correct Answer ✅ Agent
Questions and Answers (Latest update
2024)
The voluntary and permanent cessation of use or enjoyment
with no intention to resume or reclaim one's possession or
interest. May pertain to an easement or a property. - Correct
Answer ✅ Abandonment
Tenants cannot sign away their rights in advance of signing
the lease. - Correct Answer ✅ Abrogation
A condensed version of the history of title to a particular
parcel of real estate as recorded in the county clerk's records;
consists of a summary of the original grant and all
subsequent conveyances and encumbrances affecting the
property. - Correct Answer ✅ Abstract of Title
The joining, reaching, or touching of adjoining land. Abutting
parcels of land have a common boundary. - Correct Answer
✅ Abutting
A method of calculating for tax purposes the depreciation of
income property at a faster rat than would be achieved using
the straight-line method. Note** any depreciation taken in
,Washington State Real Estate Exam
Questions and Answers (Latest update
2024)
excess of that which would be claimed using the straight-line
rate is subject to recapture as ordinary income to the extent
of gain resulting from the sale. - Correct Answer ✅
Accelerated Depreciation
A provision in a written mortgage, note, bond, or conditional
sales contract that, in the event of a default, the whole
amount of principal and interest may be declared to be due
an payable at once. - Correct Answer ✅ Acceleration
Clause
An increase or addition to land by the deposit of sand or soil
washed up naturally from a river lake or sea. - Correct
Answer ✅ Accretion
The actual depreciation that has occurred to a property at
any given date; the difference between the cost of
replacement new (as of the date of appraisal) and the
present appraised value. - Correct Answer ✅ Accrued
Depreciation
,Washington State Real Estate Exam
Questions and Answers (Latest update
2024)
A declaration made by a person to a notary public, or other
public official authorized to take acknowledgments that an
instrument was executed by that person as a free and
voluntary act. - Correct Answer ✅ Acknowledgment
The result of legal action originated by a lessor, whereby a
defaulted tenant is physically ousted from the rented
property pursuant to a court order. - Correct Answer ✅
Actual Eviction
Express information or fact; that which is know; actual
knowledge. - Correct Answer ✅ Actual Notice
A mortgage in which the interest rate changes at
predetermined intervals. The mortgage has caps, or a ceiling,
that limits the amount it can change at the predetermined
intervals. - Correct Answer ✅ Adjustable-rate Mortgage
The party appointed by the county court to settle the estate
of a deceased person who died without leaving a will. -
Correct Answer ✅ Administrator
, Washington State Real Estate Exam
Questions and Answers (Latest update
2024)
A tax levied according to value; generally used to refer to real
estate tax. Also called the general tax. - Correct Answer ✅
Ad Valorem Tax
The right of an occupant of land to acquire title against the
real owner, where possession has been actual, continuous,
hostile, visible, and distinct for the statutory period. - Correct
Answer ✅ Adverse possession
A written statement signed and sworn to before a person
authorized to administer an oath. - Correct Answer ✅
Affidavit
One who represents or has the power to act for another
person (called the principal). The authorization may be
express or implied. A fiduciary relationship is created under
the law of agency when a property owner, as the principal,
executes a listing agreement or management contract
authorizing a licensed real estate broker to be the owner's
agent. - Correct Answer ✅ Agent
