ROCKWELL WA REAL ESTATE EXAM QUESTIONS WITH
ANSWERS (100% CORRECT ANSWERS) GRADED A+
Five people buy an investment property. They take title so that they each have equal ownership
shares, and so that if one of them dies, his share will pass to his heirs. How did they take title?
A. Community property
b. Joint tenancy
c. Tenancy in common
d. Term Tenancy — ANS >>> c. Tenancy in common
What would cause a judgment lien to be imposed on a landowner's property?
a. Foreclosure
b. Lawsuit
c. Unpaid construction project
d. Unpaid property taxes — ANS >>> b. Lawsuit
Cluster zoning, which allows smaller lot sizes and reduced frontages, is suitable if a
development:
a. includes both commercial and residential uses
b. still has a density ratio consistent with the general plan
,c. abuts a wetland or other sensitive site
d. abuts state-or city-owned land — ANS >>> b. still has a density ratio consistent with the
general plan
A broker would need to have a securities license to participate in:
a. a sale of both real and personal property
b. a sale of a commercial building that is showing a profit
c. a transaction involving an investment contract
d. listing a property owned by a corporation — ANS >>> c. a transaction involving an
investment contract
Buyer Perry would like to assume Seller
Joan's loan with ABC Mortgage Company,
in a way that would mean no further liability
for Joan. To accomplish this, Perry and
Joan should use a:
a. acknowledgement of the agreement from ABC Mortgage.
b. purchase contract signed by the buyer and seller
c. release of liability signed by the ABC Mortgage
d. release of liability signed by Joan — ANS >>> c. release of liability signed by the ABC
Mortgage
A buyer who records a deed is giving:
, a. constructive notice
b. actual notice
c. pending notice
d. statutory notice — ANS >>> a. constructive notice
John leases a commercial property. In the
lease, he agrees to pay part of the utilities
and taxes, as well as a fixed monthly rent
amount, this is a:
a. net lease
b. percentage lease
c. ground lease
d. graduated lease — ANS >>> a. net lease
By what right would a railroad company acquire private land necessary for a new railway line?
a. Partition action
b. Eminent domain
c. Suit in federal court
d. condemnation — ANS >>> b. eminent domain
A real estate agent lists Harold's home, which he owns as a life estate. Harold's children hold
the remainder interest. Which of the following is true?
ANSWERS (100% CORRECT ANSWERS) GRADED A+
Five people buy an investment property. They take title so that they each have equal ownership
shares, and so that if one of them dies, his share will pass to his heirs. How did they take title?
A. Community property
b. Joint tenancy
c. Tenancy in common
d. Term Tenancy — ANS >>> c. Tenancy in common
What would cause a judgment lien to be imposed on a landowner's property?
a. Foreclosure
b. Lawsuit
c. Unpaid construction project
d. Unpaid property taxes — ANS >>> b. Lawsuit
Cluster zoning, which allows smaller lot sizes and reduced frontages, is suitable if a
development:
a. includes both commercial and residential uses
b. still has a density ratio consistent with the general plan
,c. abuts a wetland or other sensitive site
d. abuts state-or city-owned land — ANS >>> b. still has a density ratio consistent with the
general plan
A broker would need to have a securities license to participate in:
a. a sale of both real and personal property
b. a sale of a commercial building that is showing a profit
c. a transaction involving an investment contract
d. listing a property owned by a corporation — ANS >>> c. a transaction involving an
investment contract
Buyer Perry would like to assume Seller
Joan's loan with ABC Mortgage Company,
in a way that would mean no further liability
for Joan. To accomplish this, Perry and
Joan should use a:
a. acknowledgement of the agreement from ABC Mortgage.
b. purchase contract signed by the buyer and seller
c. release of liability signed by the ABC Mortgage
d. release of liability signed by Joan — ANS >>> c. release of liability signed by the ABC
Mortgage
A buyer who records a deed is giving:
, a. constructive notice
b. actual notice
c. pending notice
d. statutory notice — ANS >>> a. constructive notice
John leases a commercial property. In the
lease, he agrees to pay part of the utilities
and taxes, as well as a fixed monthly rent
amount, this is a:
a. net lease
b. percentage lease
c. ground lease
d. graduated lease — ANS >>> a. net lease
By what right would a railroad company acquire private land necessary for a new railway line?
a. Partition action
b. Eminent domain
c. Suit in federal court
d. condemnation — ANS >>> b. eminent domain
A real estate agent lists Harold's home, which he owns as a life estate. Harold's children hold
the remainder interest. Which of the following is true?
