ROCKWELL EXAM REAL ESTATE CLASSES WA FINAL EXAM 1 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

ROCKWELL EXAM REAL ESTATE CLASSES WA FINAL EXAM 1 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - Answer -b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive?Need assistance in Online classes, Exams & Assignments? Reach out for Full Course Assistance, Plagiarism-free Essay Writing, Research Paper & Discussion Posts. Confidential & Secure! Email now at: A. Fee Simple Estate B. Life Estate C. Remainder Interest D. Reversionary Interest - Answer -A. Fee Simple Estate The interest that passes to a designated person upon the death of a life tenant (or other measuring life) is a fee simple estate. Will has a remainder interest only up until the moment Ben dies. Once Ben is dead, Will's interest immediately becomes a fee simple interest. 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? 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 titleThe general warranty deed contains a covenant of the right to convey, meaning that the grantor either has title to the interest or is an agent of the owner with the authority to transfer the interest. A plaintiff files a lawsuit involving a property and also files a separate document intended to provide notice of the lawsuit. This recorded notice of a pending legal action is called a/ an: A. Abstract of judgement B. Petition for alienation C. Writ of execution D. Lis Pendens - Answer -D. Lis Pendens A Lis Pendens is a recorded notice stating that there is a lawsuit pending that may affect title to the defendant's real estate and that could bind the purchaser of the property. A movie theater was built te