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Rockwell Exam 2 Questions with Answers (100% Correct Answers)

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Rockwell Exam 2 Questions with Answers (100% Correct Answers)

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Rockwell Exam 2 Questions with Answers (100% Correct
Answers)
A subdivision has deed restrictions that create a community nature trail from the rear ten feet of
every owner's property. One owner decided that he wanted to use that part of his yard to have
a storage shed instead. If the other owners want to keep him from doing that, they should:




A. file an unlawful detainer action


B. file for an injunction in the appropriate court


C. not do anything, because they do not have authority to stop the owner


D. request a cease and desist order from state real estate licensing authorities —Answer: B. file
for an injunction in the appropriate court




Homeowners who wish to enforce a deed restriction against another owner who plans to
violate the restriction may do so by seeking an injunction, which is a legal order that prohibits a
person from taking a particular action


Washington's Real Estate Brokerage Relationships Act:




A. doesn't apply to leasing transactions


B. doesn't require the disclosure of dual agency


C. requires a pamphlet on agency relationships to be given to all parties before any written
agreement



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,D. requires agents to keep information confidential on behalf of all parties —Answer: C.
requires a pamphlet on agency relationships to be given to all parties before any written
agreement


A seller complains that the seller's agent is showing other properties to buyers that compete
with the seller's property. Which of the following is true?




A. Seller's agent is breaching the duty of loyalty to seller


B. Seller's agent is not breaching the duty of loyalty


C. Seller's agent has created a conflict of interest


D. Seller's agent may do so, but only with the seller's express permission —Answer: B. Seller's
agent is not breaching the duty of loyalty


Mary, in an effort to shore up a rocky marriage, wrote a quitclaim deed that transferred her
property to a joint tenancy with her husband (as opposed to creating a tenancy in common). She
told her husband about this, but the document was never recorded. They later divorced, by
which point the deed had been lost. Does Mary's now ex-husband have a valid claim on the
property?




A. No, although if the deed had been recorded it would have provided constructive notice


B. No, because he didn't sign the deed


C. Yes, because a court will consider oral evidence about a contract


D. Yes, because quitclaim deeds do not require the signature of the grantee to transfer title —
Answer: A. No, although if the deed had been recorded it would have provided constructive
notice




© 2025 All rights reserved

,A seller lists his house and sells it "as is" to a buyer. Shortly after the sale closes, the buyer finds
a large hole in the ground next to the house. The hole, which has caused significant damage to
the foundation, was almost certainly intentionally concealed with leaves and branches. Which
of the following is correct?




A. Only the licensee is liable


B. Only the seller is liable


C. Both the seller and the licensee may be liable


D. Neither is liable, because the house was sold "as is" —Answer: C. Both the seller and the
licensee may be liable


A right held by one or more persons to use and possess property to the exclusion of others is
a/an:




A. warranty


B. easement


C. fee simple estate


D. right of equity —Answer: C. fee simple estate


An attorney at law is exempt from real estate licensing laws when:




A. negotiating the sale of any business opportunity


B. arranging the sale of real property while settling a client's estate


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, C. soliciting real estate business


D. engaging in real estate business through her licensed law firm —Answer: B. arranging the
sale of real property while settling a client's estate


Ajax Realty lists a property for a seller at a commission rate of 8%. The multiple listing service
provides that a listing brokerage will split commissions at a 50-50 rate. Baron Realty, a
cooperating brokerage, finds a buyer for the property, at a price of $300,000. How much will the
seller owe Ajax Realty at closing?




A. $0


B. $12,000


C. $18,000


D. $24,000 —Answer: D. $24,000




$300,000 * .08 = $24,000


A living room needs to be re-carpeted. It measures 18 feet long by 15 feet wide. How many
square yards of carpet will need to be purchased?




A. 10


B. 30


C. 90


D. 270 —Answer: B. 30


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