WASHINGTON STATE REAL ESTATE EXAM SCRIPT
2025/2026 QUESTIONS AND ANSWERS GUARANTEE A+
✔✔Alienation - ✔✔The act of transferring property to another. Alienation may be
voluntary, such as by gift or sale; or involuntary, such as through eminent domain or
adverse possession.
✔✔Alienation Clause - ✔✔The clause in a mortgage or deed of trst that states that the
balance of the secured debt becomes immediately due and payable at the mortgagee's
option if the property is sold by the mortgagor. In effect, this clause prevents the
mortgagor from assigning the debt without the mortgagee's approval.
✔✔Alluvion - ✔✔New deposits of soil as the result of accretion.
✔✔Amenitites - ✔✔The tangible and intangible features that increase the value or
desirability of real estate.
✔✔Americans with Disabilities Act (ADA) - ✔✔A federal law that became effective in
1992. It is designed to eliminate the discrimination against individuals with disabilities by
mandating equal access to jobs, public accommodations, public transportation,
telecommunications and government services.
✔✔Amortization - ✔✔The liquidation of a financial burden by installment payments.
✔✔Amortized Loan - ✔✔A loan in which the principal, as well as the interest, is payable
in monthly or other periodic installments over the term of the loan.
✔✔Antitrust Laws - ✔✔The laws designed to preserve the free enterprise of the open
marketplace by making illegal certain private conspiracies and combinations formed to
minimize competition. Violations of antitrust laws in the real estate business generally
involve either price fixing (brokers conspiring to set fixed compensation rates) or
allocation of customers or markets (brokers agreeing to limit their areas of trade or
dealing to certain areas or properties).
✔✔Appraisal - ✔✔An estimate of the quantity, quality, or value of something. The
process through which conclusions of property value are obtained; also refers to the
report setting forth the process of estimation and conclusion of value.
✔✔Appraised Value - ✔✔An estimate of a property's present worth.
✔✔Appreciation - ✔✔An increase in the worth or value of a property due to economic or
related causes that may prove to be either temporary or permanent; opposite of
depreciation.
,✔✔Appurenant - ✔✔Belonging to; incident to. Ex: a garage is appurtenant to a house.
The common interest in the common elements of a condominium is appurtenant to each
apartment.
✔✔Arbitration - ✔✔A means of settling a controversy between two parties through the
medium of an impartial third party whose decision on the controversy (it is agreed) will
be final and binding.
✔✔Assemblage - ✔✔The process of merging two or more parcels of real estate to
create one parcel.
✔✔Assessment - ✔✔The imposition of a tax, charge, or levy, usually according to
established rates.
✔✔Assignment - ✔✔The transfer in writing of rights or interest in a bond, mortgage,
lease, or other instrument.
✔✔Assumption of Mortgage - ✔✔The transfer of title to property to a grantee wherein
he assumes liability for payment of an existing note secured by a mortgage agaisnt the
property. Should the mortgage b foreclosed and the property sold for a lesser amount
than that due, the grantee-purchaser who has assumed and agreed to pay the debt
secured by the mortgage is personally liable for the deficiency. Before a seller may be
relieved of liability under the existing mortgage, the lender must accept the transfer of
liability for payment of the note.
✔✔Attachment - ✔✔The method by which a debtor's property is placed in the custody
of the law and held as security pending outcome of a creditor's suit.
✔✔Attorney-in-fact - ✔✔The holder of a power of attorney.
✔✔Attorney's Opinion of Title - ✔✔An instrument written and signed by the attorney
who examines the title, stating the attorney's opinion as to whether a seller may convey
good title.
✔✔Automatic Extension - ✔✔A clause in a listing agreement that states that the
agreement will continue automatically for a certain period of time after its expiration
date. In many states, use of this clause is discouraged or prohibited.
✔✔Avulsion - ✔✔The sudden removal of land by natural forces, such as an earthquake.
✔✔Balloon payment - ✔✔the final payment of a mortgage loan that is considerably
larger than the required periodic payments because the loan amount was not fully
amortized.
, ✔✔Bargain and Sale Deed - ✔✔A deed that carries with it no warranties against liens or
other encumbrances, but that does imply that the grantor has the right to convey title.
Note that the grantor may add warranties to the deed at his or her discretion.
✔✔Base Line - ✔✔One of a set of imaginary lines running east and west and crossing a
principal meridian at a definite point, used by surveyors for reference in locating and
describing land under the rectangular survey system (or government survey method) of
property description.
✔✔Bench Mark - ✔✔A permanent reference mark or point established for use by
surveyors in measuring differences in elevation.
✔✔Benficiary - ✔✔The person for who a trust operates, or in whose behalf the income
from a trust estate is drawn. Also refers to a lender who lends money on real estate and
takes back a note and deed of trust from the borrower.
✔✔Bequest - ✔✔A provision in a will providing for the distribution of personal property.
✔✔Bilateral Contract - ✔✔A contract in which each party promises to perform an act in
exchange for the other party's promises to perform.
✔✔Bill of Sale - ✔✔A written insturment given to pass title to personal property.
✔✔Binder - ✔✔An agreement that may accompany an earnest money deposit for the
purchase of real property as evidence of the purchaser's good faith and intent to
complete the transaction.
✔✔Blanket Mortgage - ✔✔A mortgage covering more than one parcel of real estate,
providing fo reach parcel's partial release from the mortgage lien upon repayment of a
definite portion of the debt.
✔✔Blockbusting - ✔✔The illegal practice of inducing homeowners to sell their
properties by making representations regarding the entry, or prospective entry, of
minority persons into the neighborhood.
✔✔Blue-Sky Laws - ✔✔The common name for those state laws that regulate the
registration and sale of investment securities.
✔✔Branch Office - ✔✔A secondary place of business apart from the principal or main
office from which real estate business is conducted. A branch office generally must be
run by a licensed real estate broker working on behalf of the broker operating the
principal office.
2025/2026 QUESTIONS AND ANSWERS GUARANTEE A+
✔✔Alienation - ✔✔The act of transferring property to another. Alienation may be
voluntary, such as by gift or sale; or involuntary, such as through eminent domain or
adverse possession.
✔✔Alienation Clause - ✔✔The clause in a mortgage or deed of trst that states that the
balance of the secured debt becomes immediately due and payable at the mortgagee's
option if the property is sold by the mortgagor. In effect, this clause prevents the
mortgagor from assigning the debt without the mortgagee's approval.
✔✔Alluvion - ✔✔New deposits of soil as the result of accretion.
✔✔Amenitites - ✔✔The tangible and intangible features that increase the value or
desirability of real estate.
✔✔Americans with Disabilities Act (ADA) - ✔✔A federal law that became effective in
1992. It is designed to eliminate the discrimination against individuals with disabilities by
mandating equal access to jobs, public accommodations, public transportation,
telecommunications and government services.
✔✔Amortization - ✔✔The liquidation of a financial burden by installment payments.
✔✔Amortized Loan - ✔✔A loan in which the principal, as well as the interest, is payable
in monthly or other periodic installments over the term of the loan.
✔✔Antitrust Laws - ✔✔The laws designed to preserve the free enterprise of the open
marketplace by making illegal certain private conspiracies and combinations formed to
minimize competition. Violations of antitrust laws in the real estate business generally
involve either price fixing (brokers conspiring to set fixed compensation rates) or
allocation of customers or markets (brokers agreeing to limit their areas of trade or
dealing to certain areas or properties).
✔✔Appraisal - ✔✔An estimate of the quantity, quality, or value of something. The
process through which conclusions of property value are obtained; also refers to the
report setting forth the process of estimation and conclusion of value.
✔✔Appraised Value - ✔✔An estimate of a property's present worth.
✔✔Appreciation - ✔✔An increase in the worth or value of a property due to economic or
related causes that may prove to be either temporary or permanent; opposite of
depreciation.
,✔✔Appurenant - ✔✔Belonging to; incident to. Ex: a garage is appurtenant to a house.
The common interest in the common elements of a condominium is appurtenant to each
apartment.
✔✔Arbitration - ✔✔A means of settling a controversy between two parties through the
medium of an impartial third party whose decision on the controversy (it is agreed) will
be final and binding.
✔✔Assemblage - ✔✔The process of merging two or more parcels of real estate to
create one parcel.
✔✔Assessment - ✔✔The imposition of a tax, charge, or levy, usually according to
established rates.
✔✔Assignment - ✔✔The transfer in writing of rights or interest in a bond, mortgage,
lease, or other instrument.
✔✔Assumption of Mortgage - ✔✔The transfer of title to property to a grantee wherein
he assumes liability for payment of an existing note secured by a mortgage agaisnt the
property. Should the mortgage b foreclosed and the property sold for a lesser amount
than that due, the grantee-purchaser who has assumed and agreed to pay the debt
secured by the mortgage is personally liable for the deficiency. Before a seller may be
relieved of liability under the existing mortgage, the lender must accept the transfer of
liability for payment of the note.
✔✔Attachment - ✔✔The method by which a debtor's property is placed in the custody
of the law and held as security pending outcome of a creditor's suit.
✔✔Attorney-in-fact - ✔✔The holder of a power of attorney.
✔✔Attorney's Opinion of Title - ✔✔An instrument written and signed by the attorney
who examines the title, stating the attorney's opinion as to whether a seller may convey
good title.
✔✔Automatic Extension - ✔✔A clause in a listing agreement that states that the
agreement will continue automatically for a certain period of time after its expiration
date. In many states, use of this clause is discouraged or prohibited.
✔✔Avulsion - ✔✔The sudden removal of land by natural forces, such as an earthquake.
✔✔Balloon payment - ✔✔the final payment of a mortgage loan that is considerably
larger than the required periodic payments because the loan amount was not fully
amortized.
, ✔✔Bargain and Sale Deed - ✔✔A deed that carries with it no warranties against liens or
other encumbrances, but that does imply that the grantor has the right to convey title.
Note that the grantor may add warranties to the deed at his or her discretion.
✔✔Base Line - ✔✔One of a set of imaginary lines running east and west and crossing a
principal meridian at a definite point, used by surveyors for reference in locating and
describing land under the rectangular survey system (or government survey method) of
property description.
✔✔Bench Mark - ✔✔A permanent reference mark or point established for use by
surveyors in measuring differences in elevation.
✔✔Benficiary - ✔✔The person for who a trust operates, or in whose behalf the income
from a trust estate is drawn. Also refers to a lender who lends money on real estate and
takes back a note and deed of trust from the borrower.
✔✔Bequest - ✔✔A provision in a will providing for the distribution of personal property.
✔✔Bilateral Contract - ✔✔A contract in which each party promises to perform an act in
exchange for the other party's promises to perform.
✔✔Bill of Sale - ✔✔A written insturment given to pass title to personal property.
✔✔Binder - ✔✔An agreement that may accompany an earnest money deposit for the
purchase of real property as evidence of the purchaser's good faith and intent to
complete the transaction.
✔✔Blanket Mortgage - ✔✔A mortgage covering more than one parcel of real estate,
providing fo reach parcel's partial release from the mortgage lien upon repayment of a
definite portion of the debt.
✔✔Blockbusting - ✔✔The illegal practice of inducing homeowners to sell their
properties by making representations regarding the entry, or prospective entry, of
minority persons into the neighborhood.
✔✔Blue-Sky Laws - ✔✔The common name for those state laws that regulate the
registration and sale of investment securities.
✔✔Branch Office - ✔✔A secondary place of business apart from the principal or main
office from which real estate business is conducted. A branch office generally must be
run by a licensed real estate broker working on behalf of the broker operating the
principal office.
