7/28/25, 5:48 PM Washington Real Estate Test EXAM (2025) ACTUAL EXAM COMPREHENSIVE QUESTIONS AND VERIFIED ACCURATE SOLUT…
Washington Real Estate Test EXAM (2025)
ACTUAL EXAM COMPREHENSIVE QUESTIONS
AND VERIFIED ACCURATE SOLUTION (DETAILED
& ELABORATED) |GET IT 100% ACCURATE!! 2025
TEST!! |
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Terms in this set (204)
the director of the Department of Licensing or an
administrative law judge.
A disciplinary hearing will
(The director or an administrative law judge will
be conducted by
conduct the hearing. Attorneys can represent the
Department of Licensing, the licensee, and the person
making the accusation.)
racial considerations.
There are no exceptions
The case of Jones v. Mayer in 1968 upheld the Civil
to fair housing law for
Rights Act of 1866 and prohibits racial discrimination
without exception.
Taxes levied on a property special assessments.
owner to pay for
installation of sidewalks or Special assessments are taxes levied on real estate to
sewers are called fund public improvements.
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,7/28/25, 5:48 PM Washington Real Estate Test EXAM (2025) ACTUAL EXAM COMPREHENSIVE QUESTIONS AND VERIFIED ACCURATE SOLUT…
credit to the seller.
A prepaid item by the Prepaid items are expenses that have been paid by
seller is a(n) the seller but are not fully used up, such as fuel oil.
These items are prorated and appear as a credit to the
seller.
Special-purpose
Schools would be
considered part of which
Special-purpose properties include schools,
real estate classification?
churches, cemeteries, and government-held lands.
When a lien against a a lis pendens.
parcel of real estate may
result from a lawsuit A lis pendens is a notice of a possible future lien and
currently before the court, is filed because there is often considerable delay
someone examining the between the time a lawsuit is filed and the time final
public records would look judgment is rendered.
for
The earnest money deposit
Which of the following
gives the BEST evidence
The earnest money deposit is customary in real estate
of the buyer's intention to
transactions to provide evidence of a buyer's intention
carry out the terms of the
to carry out the terms of the contract in good faith. It
real estate purchase
is also the seller's only remedy in a liquidated
contract?
damages contract.
Priority
The date and time a
document was recorded
Time of recordation is an important consideration in
help establish which of the
establishing the priority of claims in the event of a
following?
sale.
https://quizlet.com/1062668322/washington-real-estate-test-exam-2025-actual-exam-comprehensive-questions-and-verified-accurate-solution-detaile… 2/48
,7/28/25, 5:48 PM Washington Real Estate Test EXAM (2025) ACTUAL EXAM COMPREHENSIVE QUESTIONS AND VERIFIED ACCURATE SOLUT…
Khalid has been making balloon payment loan.
periodic payments of
principal and interest on a When the periodic payments are not enough to fully
loan, but the final payment amortize the loan by the time the final payment is due,
will be larger than the the final payment is larger than the others, and this is
others. This is a(n) called a balloon payment loan.
equity.
That portion of the value
of owners' property that
The equity represents the increasing ownership
exceeds the amount of
interest (the paid-off share) in the property, as the
their mortgage debt is
mortgage debt, the principal, is reduced. The value of
called
the property minus the mortgage debt equals equity.
alkyd oil-based paint.
The MOST common
Lead was used as a pigment and drying agent in alkyd
source of harmful lead in
oil-based paint that is common on doors, window, and
older residential property
other woodwork. The federal government estimates
is in
that lead is present in about 75 percent of all private
housing built before 1978.
a percent of sales.
Under a percentage lease, With a percentage lease, the rent is based on a
a commercial lessee may minimum fixed rental fee plus a percentage of the
agree to pay gross income received by the tenant doing business
on the leased property. This type of lease is typically
used for retail businesses.
both parties give their informed consent, usually in
In a dual agency situation,
writing, to the dual agency.
a broker may represent
both the seller and the
Dual agency, in states that allow it, requires informed
buyer if
written consent from both parties.
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, 7/28/25, 5:48 PM Washington Real Estate Test EXAM (2025) ACTUAL EXAM COMPREHENSIVE QUESTIONS AND VERIFIED ACCURATE SOLUT…
buyer receives equitable title to the property.
In an executory contract, Equitable title occurs when the buyer and the seller
the have executed a sales contract, and the buyer
acquires an interest in the land. Legal title will not
pass until the transaction is closed.
discriminating on the basis of marital status.
The federal Fair Housing
Act does NOT prohibit Marital status is not one of the seven protected
classes under the federal Fair Housing Act.
Every licensed real estate public.
broker must maintain an
office in Washington that Every licensed real estate broker must maintain an
is accessible to the office in Washington that is accessible to the public.
Quiet title action
Which of the following
would be used to clear a
If ownership cannot be traced through an unbroken
defect from the title
chain, then a suit to quiet title may be necessary to
records?
establish ownership and clear the cloud on the title.
market price.
The amount of money a Market value is what a property should sell for in an
property commands in the arm's-length transaction between informed parties,
marketplace is its neither of which is under undue pressure, and the
property has been exposed to the market for a
reasonable length of time.
buy and pool blocks of conventional mortgages and
sell bonds that use them as security.
The primary activity of
Fannie Mae buys and gathers into bundles (pools)
Fannie Mae is to
existing conventional mortgages and raises money to
do this by selling bonds backed by these pools of
mortgages.
https://quizlet.com/1062668322/washington-real-estate-test-exam-2025-actual-exam-comprehensive-questions-and-verified-accurate-solution-detaile… 4/48
Washington Real Estate Test EXAM (2025)
ACTUAL EXAM COMPREHENSIVE QUESTIONS
AND VERIFIED ACCURATE SOLUTION (DETAILED
& ELABORATED) |GET IT 100% ACCURATE!! 2025
TEST!! |
Save
Terms in this set (204)
the director of the Department of Licensing or an
administrative law judge.
A disciplinary hearing will
(The director or an administrative law judge will
be conducted by
conduct the hearing. Attorneys can represent the
Department of Licensing, the licensee, and the person
making the accusation.)
racial considerations.
There are no exceptions
The case of Jones v. Mayer in 1968 upheld the Civil
to fair housing law for
Rights Act of 1866 and prohibits racial discrimination
without exception.
Taxes levied on a property special assessments.
owner to pay for
installation of sidewalks or Special assessments are taxes levied on real estate to
sewers are called fund public improvements.
https://quizlet.com/1062668322/washington-real-estate-test-exam-2025-actual-exam-comprehensive-questions-and-verified-accurate-solution-detaile… 1/48
,7/28/25, 5:48 PM Washington Real Estate Test EXAM (2025) ACTUAL EXAM COMPREHENSIVE QUESTIONS AND VERIFIED ACCURATE SOLUT…
credit to the seller.
A prepaid item by the Prepaid items are expenses that have been paid by
seller is a(n) the seller but are not fully used up, such as fuel oil.
These items are prorated and appear as a credit to the
seller.
Special-purpose
Schools would be
considered part of which
Special-purpose properties include schools,
real estate classification?
churches, cemeteries, and government-held lands.
When a lien against a a lis pendens.
parcel of real estate may
result from a lawsuit A lis pendens is a notice of a possible future lien and
currently before the court, is filed because there is often considerable delay
someone examining the between the time a lawsuit is filed and the time final
public records would look judgment is rendered.
for
The earnest money deposit
Which of the following
gives the BEST evidence
The earnest money deposit is customary in real estate
of the buyer's intention to
transactions to provide evidence of a buyer's intention
carry out the terms of the
to carry out the terms of the contract in good faith. It
real estate purchase
is also the seller's only remedy in a liquidated
contract?
damages contract.
Priority
The date and time a
document was recorded
Time of recordation is an important consideration in
help establish which of the
establishing the priority of claims in the event of a
following?
sale.
https://quizlet.com/1062668322/washington-real-estate-test-exam-2025-actual-exam-comprehensive-questions-and-verified-accurate-solution-detaile… 2/48
,7/28/25, 5:48 PM Washington Real Estate Test EXAM (2025) ACTUAL EXAM COMPREHENSIVE QUESTIONS AND VERIFIED ACCURATE SOLUT…
Khalid has been making balloon payment loan.
periodic payments of
principal and interest on a When the periodic payments are not enough to fully
loan, but the final payment amortize the loan by the time the final payment is due,
will be larger than the the final payment is larger than the others, and this is
others. This is a(n) called a balloon payment loan.
equity.
That portion of the value
of owners' property that
The equity represents the increasing ownership
exceeds the amount of
interest (the paid-off share) in the property, as the
their mortgage debt is
mortgage debt, the principal, is reduced. The value of
called
the property minus the mortgage debt equals equity.
alkyd oil-based paint.
The MOST common
Lead was used as a pigment and drying agent in alkyd
source of harmful lead in
oil-based paint that is common on doors, window, and
older residential property
other woodwork. The federal government estimates
is in
that lead is present in about 75 percent of all private
housing built before 1978.
a percent of sales.
Under a percentage lease, With a percentage lease, the rent is based on a
a commercial lessee may minimum fixed rental fee plus a percentage of the
agree to pay gross income received by the tenant doing business
on the leased property. This type of lease is typically
used for retail businesses.
both parties give their informed consent, usually in
In a dual agency situation,
writing, to the dual agency.
a broker may represent
both the seller and the
Dual agency, in states that allow it, requires informed
buyer if
written consent from both parties.
https://quizlet.com/1062668322/washington-real-estate-test-exam-2025-actual-exam-comprehensive-questions-and-verified-accurate-solution-detaile… 3/48
, 7/28/25, 5:48 PM Washington Real Estate Test EXAM (2025) ACTUAL EXAM COMPREHENSIVE QUESTIONS AND VERIFIED ACCURATE SOLUT…
buyer receives equitable title to the property.
In an executory contract, Equitable title occurs when the buyer and the seller
the have executed a sales contract, and the buyer
acquires an interest in the land. Legal title will not
pass until the transaction is closed.
discriminating on the basis of marital status.
The federal Fair Housing
Act does NOT prohibit Marital status is not one of the seven protected
classes under the federal Fair Housing Act.
Every licensed real estate public.
broker must maintain an
office in Washington that Every licensed real estate broker must maintain an
is accessible to the office in Washington that is accessible to the public.
Quiet title action
Which of the following
would be used to clear a
If ownership cannot be traced through an unbroken
defect from the title
chain, then a suit to quiet title may be necessary to
records?
establish ownership and clear the cloud on the title.
market price.
The amount of money a Market value is what a property should sell for in an
property commands in the arm's-length transaction between informed parties,
marketplace is its neither of which is under undue pressure, and the
property has been exposed to the market for a
reasonable length of time.
buy and pool blocks of conventional mortgages and
sell bonds that use them as security.
The primary activity of
Fannie Mae buys and gathers into bundles (pools)
Fannie Mae is to
existing conventional mortgages and raises money to
do this by selling bonds backed by these pools of
mortgages.
https://quizlet.com/1062668322/washington-real-estate-test-exam-2025-actual-exam-comprehensive-questions-and-verified-accurate-solution-detaile… 4/48
