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WASHINGTON REAL ESTATE FUNDAMENTALS EXAM

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WASHINGTON REAL ESTATE FUNDAMENTALS EXAM

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WASHINGTON REAL ESTATE FUNDAMENTALS EXAM
2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Sometimes personal property is referred to as that which is immovable T/F -
ANSWER: False

The rights and privileges associated with land ownership are considered part of the
real property T/F - ANSWER: True

When the property is sold, everything considered part of the real property is
transferred to the buyer, unless otherwise agreed T/F - ANSWER: True

A landowner cannot sell any of the bundle of rights separately from the land T/F -
ANSWER: False

The only component of the real property is the land T/F - ANSWER: False

Mineral rights associated with real property are always - ANSWER: separable and
divisible

Rights of way, easements, and water rights are classified as - ANSWER:
Appurtenances

To establish _____ water rights, one must apply to the state government for a
permit - ANSWER: Appropriative

The support received by a parcel of land from the property adjoining it is called ___
support - ANSWER: Riparian

Water beneath the surface of the earth is called ___ water - ANSWER: Ground

Property that is bordered by a lake rather than a river or stream is called - ANSWER:
Littoral

The support provided to the surface by the underlying earth is called ___ support -
ANSWER: Subjacent

Alienation - ANSWER: is a general term that refers to all of the different methods by
which real property can be transferred from one person to another.

When title to property is lost but the property boundaries remain the same, it is:

Select your answer below:

,A. acceleration

B. accretion

C. alienation

D. avulsion - ANSWER: C. alienation

What is the most common method of voluntary alienation?

It is also the document a private landowner uses to transfer real property to
someone else - ANSWER: Deed

In a deed, the property owner is called the ______. - ANSWER: grantor

The person the owner is transferring the property to is called the ______. - ANSWER:
grantee

The transfer of real property from the grantor to the grantee by means of a deed is
referred to as a _____. - ANSWER: conveyance

A _____ is the document used to transfer title to personal property from a seller to a
buyer. - ANSWER: bill of sale

What is the most common type of deed?
They are often referred to simply as warranty deeds. - ANSWER: general warranty
deed

With a general warranty deed, the grantor gives the grantee guarantees or
warranties about the status of the title to the property.
What are these warranties known as? - ANSWER: covenants

What are the 5 basic covenants of a general warranty deed? - ANSWER: Seisin, Right
to convey, against encumbrances, quiet enjoyment, warranty

With the covenant of ____, the grantor promises that she actually owns the interest
that the deed is conveying to the grantee. - ANSWER: seisin

With the covenant of ____, the grantor promises that she has the right to convey the
interest in question to the grantee. - ANSWER: right to convey

With the covenant ____, the grantor promises that there are no easements, liens, or
other encumbrances against the title that have not been disclosed to the grantee. -
ANSWER: against encumbrances

,The covenant of ____ is a promise that the grantee's possession of the property will
not be disturbed by the lawful claims of any third parties. - ANSWER: quiet
enjoyment

In the covenant of ____, the grantor promises to defend the grantee's title against
any claims superior to the grantee's that exist at the time of conveyance. - ANSWER:
warranty

A buyer received a general warranty deed when she took title to a property. The
seller's cousin showed up several months later and claimed an ownership interest in
the property. The buyer would be protected against this claim by the general
warranty deed's:
Select your answer below:

A. covenant against encumbrances

B. covenant of hostile enjoyment

C. covenant of seisin

D. covenant of freehold warranty - ANSWER: C. covenant of seisin

A buyer accepts a general warranty deed from a seller, believing that the seller is the
sole owner of the property. The buyer later finds out that the seller is only a co-
owner. Has a covenant in the general warranty deed been violated?
Select your answer below:

A. No, the only covenant in a general warranty deed promises that the previous
owner didn't encumber the property

B. No, the principle of caveat emptor controls matters concerning a deed

C. Yes, there is a covenant providing equitable title

D. Yes, there is a covenant providing marketable title - ANSWER: D. Yes, there is a
covenant providing marketable title

A general warranty deed contains several covenants. Which one is not included?
Select your answer below:

A. Covenant of quiet enjoyment

B. Covenant of seisin

C. Covenant of warranty

D. Covenant to defend - ANSWER: D. Covenant to defend

, To be GUARANTEED of receiving good title at closing, a buyer should obtain a/an:
Select your answer below:

A. installment contract

B. quitclaim deed

C. general warranty deed

D. None of the above - ANSWER: D. None of the above

A buyer is purchasing a parcel of property. She wants to take title in the way that will
give her the greatest protection. The buyer should receive a/an:
Select your answer below:

A. general warranty deed

B. quitclaim deed

C. special warranty deed

D. bargain and sale deed - ANSWER: A. general warranty deed

A ____ carries the same covenants as a general warranty deed, but with a limited
scope.
In a ____, the covenants cover only problems that arose while the grantor owned
the property. - ANSWER: special warranty deed

At closing, a buyer refused to accept the deed. Of the following, which is the most
likely reason?
Select your answer below:

A. The purchase and sale agreement stated that the seller would provide a general
warranty deed, but a special warranty deed was presented instead

B. The deed lacked proper consideration

C. The deed had not been signed by the grantee

D. The deed hadn't been recorded - ANSWER: A. The purchase and sale agreement
stated that the seller would provide a general warranty deed, but a special warranty
deed was presented instead

Jennifer uses a special warranty deed to transfer property to Jon. Under these
circumstances:
Select your answer below:

Connected book
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Publisher: 2006 ISBN: 9781887051262 Edition: Unknown

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