Washington State Real Estate Broker
Exam Test Questions Answered
Correct 2025-2026 Graded A+.
Deed in lieu of foreclosure - Answer Yin Lee is an owner of several properties as well as a
relatively high-profile individual. In order for Yin Lee to attempt to avoid a possible foreclosure
from becoming a matter of public record by being recorded, Yin Lee would want to give the
lender a:
A real estate license - Answer If a contractor intends to sell 10 properties in a calendar year,
he/she will need
Desire and means - Answer Demand for property requires what two factors of the populace to
be effective?
Must return the deposit money but can sue for the commission - Answer An offer has been
accepted by the buyer and the seller. The buyer and seller instruct the broker to return the
deposit money to the seller. The broker:
A Historic building - Answer Of the properties listed, which is considered the most "unique"
and would use the cost approach method of appraisal?
-A condominium
-A piece of land
-A Historic building
-A farm
In the second position - Answer When describing a home equity line of credit, the mortgage
loan in a specified amount based on your home equity would be:
A female executor - Answer The term "executrix" refers to
-All of these - Answer A construction loan is a:
,Third-party origination - Answer When a lender uses another party to completely originate,
process, underwrite, close, fund, or package the mortgages it plans to deliver to the secondary
mortgage market, this is known as:
All of these - Answer Real property should have a higher rate of return than bonds or first trust
deeds because of:
-The added time to market
-The added care required
-All of these
-The higher denominations it comes in
All of these - Answer An application form used to apply for a mortgage contains information
about a borrower's:
-Income
-All of these
-Savings
-Assets and Debts
Low Down Payment and Easy Terms - Answer Financing costs usually rise on loans with
Collect Rents, Perform maintenance on the property, and Show vacant units to prospective
tenants - Answer A property manager that resides on a property would likely
COFI - Answer One of the indexes used to determine interest rate changes for certain
adjustable-rate mortgages is called
Steering - Answer An African American family is looking to purchase a house. Their agent has
been showing them properties for weeks, all of which are in predominantly African American
neighborhoods. This would be an example of:
Negative covenant - Answer If a deed includes a promise that the owner will not build a fence,
this is one example of a(n):
, The valuation placed on a property by a certified real estate appraiser - Answer The assessed
value is:
Survivorship - Answer Henry and Greta are joint tenants for their property. After Henry passed
away, Greta acquired the Henry's interest in the property. This is called the right of:
Lender - Answer The term "mortgagee" refers to the:
Purchase money mortgage - Answer Seller financing in regards to a loan is also known as:
Trustee - Answer A fiduciary who holds or controls property for the benefit of another is called
a(n):
With ample supply of water - Answer Water rights adopted based on riparian rights are
generally in states:
All of these - Answer Normal wear and tear from use would NOT be considered:
-All of these
-Obsolescence
-Economic obsolescence
-Functional obsolescence
Credit history - Answer In order to determine a potential borrower's credit risk, a mortgage
lender will review a record of the individual's repayment of debt. This record is called a
Incurable depreciation - Answer In an area neighborhood that has a home in a dilapidated
state that would require extensive remodeling to be compared to other homes in the area, what
would this be an example of:
Eminent Domain - Answer Police power in regards to real property includes all of the following
except:
-Setbacks
-Building Codes
-Eminent Domain
Exam Test Questions Answered
Correct 2025-2026 Graded A+.
Deed in lieu of foreclosure - Answer Yin Lee is an owner of several properties as well as a
relatively high-profile individual. In order for Yin Lee to attempt to avoid a possible foreclosure
from becoming a matter of public record by being recorded, Yin Lee would want to give the
lender a:
A real estate license - Answer If a contractor intends to sell 10 properties in a calendar year,
he/she will need
Desire and means - Answer Demand for property requires what two factors of the populace to
be effective?
Must return the deposit money but can sue for the commission - Answer An offer has been
accepted by the buyer and the seller. The buyer and seller instruct the broker to return the
deposit money to the seller. The broker:
A Historic building - Answer Of the properties listed, which is considered the most "unique"
and would use the cost approach method of appraisal?
-A condominium
-A piece of land
-A Historic building
-A farm
In the second position - Answer When describing a home equity line of credit, the mortgage
loan in a specified amount based on your home equity would be:
A female executor - Answer The term "executrix" refers to
-All of these - Answer A construction loan is a:
,Third-party origination - Answer When a lender uses another party to completely originate,
process, underwrite, close, fund, or package the mortgages it plans to deliver to the secondary
mortgage market, this is known as:
All of these - Answer Real property should have a higher rate of return than bonds or first trust
deeds because of:
-The added time to market
-The added care required
-All of these
-The higher denominations it comes in
All of these - Answer An application form used to apply for a mortgage contains information
about a borrower's:
-Income
-All of these
-Savings
-Assets and Debts
Low Down Payment and Easy Terms - Answer Financing costs usually rise on loans with
Collect Rents, Perform maintenance on the property, and Show vacant units to prospective
tenants - Answer A property manager that resides on a property would likely
COFI - Answer One of the indexes used to determine interest rate changes for certain
adjustable-rate mortgages is called
Steering - Answer An African American family is looking to purchase a house. Their agent has
been showing them properties for weeks, all of which are in predominantly African American
neighborhoods. This would be an example of:
Negative covenant - Answer If a deed includes a promise that the owner will not build a fence,
this is one example of a(n):
, The valuation placed on a property by a certified real estate appraiser - Answer The assessed
value is:
Survivorship - Answer Henry and Greta are joint tenants for their property. After Henry passed
away, Greta acquired the Henry's interest in the property. This is called the right of:
Lender - Answer The term "mortgagee" refers to the:
Purchase money mortgage - Answer Seller financing in regards to a loan is also known as:
Trustee - Answer A fiduciary who holds or controls property for the benefit of another is called
a(n):
With ample supply of water - Answer Water rights adopted based on riparian rights are
generally in states:
All of these - Answer Normal wear and tear from use would NOT be considered:
-All of these
-Obsolescence
-Economic obsolescence
-Functional obsolescence
Credit history - Answer In order to determine a potential borrower's credit risk, a mortgage
lender will review a record of the individual's repayment of debt. This record is called a
Incurable depreciation - Answer In an area neighborhood that has a home in a dilapidated
state that would require extensive remodeling to be compared to other homes in the area, what
would this be an example of:
Eminent Domain - Answer Police power in regards to real property includes all of the following
except:
-Setbacks
-Building Codes
-Eminent Domain
