WASHINGTON
State Real Estate Exam | Comprehensive Practice
Questions with Answers & Detailed Explanations
This Exam Includes
• Washington State Real Estate Exam preparation
Practice questions
Correct answers
Detailed explanations
Washington real estate law
, Washington State Real Estate Exam |
Comprehensive Practice Questions with
Answers & Detailed Explanations
Question 1
The voluntary and permanent cessation of use or enjoyment of property
with no intention to resume or reclaim one's possession or interest is
called:
A) Abrogation
B) Abandonment
C) Adverse possession
D) Alienation
Correct Answer: B) Abandonment
Rationale: Abandonment is defined as the voluntary and permanent
cessation of use or enjoyment with no intention to resume or reclaim one's
possession or interest. This may pertain to an easement or a property.
Abrogation (A) refers to tenants not being able to sign away their rights in
advance of signing a lease. Adverse possession (C) is the right of an
occupant to acquire title against the real owner under specific conditions.
Alienation (D) is the act of transferring property to another.
,Question 2
A condensed version of the history of title to a particular parcel of real
estate as recorded in the county clerk's records is known as:
A) Chain of Title
B) Abstract of Title
C) Certificate of Title
D) Attorney's Opinion of Title
Correct Answer: B) Abstract of Title
Rationale: An Abstract of Title consists of a summary of the original grant
and all subsequent conveyances and encumbrances affecting the property.
Chain of Title (A) is the succession of conveyances from some accepted
starting point. Certificate of Title (C) is a statement of opinion on the status
of the title based on an examination of specified public records. Attorney's
Opinion of Title (D) is an instrument written and signed by an attorney
stating their opinion as to whether a seller may convey good title.
Question 3
A provision in a mortgage that allows the lender to declare the entire
balance due immediately upon default is called:
A) Acceleration Clause
B) Alienation Clause
C) Due-on-Sale Clause
D) Escalation Clause
Correct Answer: A) Acceleration Clause
, Rationale: An Acceleration Clause is a provision in a written mortgage,
note, bond, or conditional sales contract that, in the event of default, allows
the whole amount of principal and interest to be declared due and payable
at once. An Alienation Clause (B) states that the balance becomes due if the
property is sold. A Due-on-Sale Clause (C) allows the lender to implement
the acceleration clause if the borrower transfers title. An Escalation Clause
(D) allows payment to adjust over the life of the mortgage or lease.
Question 4
The gradual increase of land by the natural deposit of sand or soil washed
up by water is:
A) Avulsion
B) Erosion
C) Accretion
D) Alluvion
Correct Answer: C) Accretion
Rationale: Accretion is an increase or addition to land by the deposit of
sand or soil washed up naturally from a river, lake, or sea. Alluvion (D)
refers specifically to the new deposits of soil resulting from accretion.
Avulsion (A) is the sudden removal of land by natural forces such as an
earthquake. Erosion (B) is the gradual wearing away of land by water, wind,
and weather conditions.
State Real Estate Exam | Comprehensive Practice
Questions with Answers & Detailed Explanations
This Exam Includes
• Washington State Real Estate Exam preparation
Practice questions
Correct answers
Detailed explanations
Washington real estate law
, Washington State Real Estate Exam |
Comprehensive Practice Questions with
Answers & Detailed Explanations
Question 1
The voluntary and permanent cessation of use or enjoyment of property
with no intention to resume or reclaim one's possession or interest is
called:
A) Abrogation
B) Abandonment
C) Adverse possession
D) Alienation
Correct Answer: B) Abandonment
Rationale: Abandonment is defined as the voluntary and permanent
cessation of use or enjoyment with no intention to resume or reclaim one's
possession or interest. This may pertain to an easement or a property.
Abrogation (A) refers to tenants not being able to sign away their rights in
advance of signing a lease. Adverse possession (C) is the right of an
occupant to acquire title against the real owner under specific conditions.
Alienation (D) is the act of transferring property to another.
,Question 2
A condensed version of the history of title to a particular parcel of real
estate as recorded in the county clerk's records is known as:
A) Chain of Title
B) Abstract of Title
C) Certificate of Title
D) Attorney's Opinion of Title
Correct Answer: B) Abstract of Title
Rationale: An Abstract of Title consists of a summary of the original grant
and all subsequent conveyances and encumbrances affecting the property.
Chain of Title (A) is the succession of conveyances from some accepted
starting point. Certificate of Title (C) is a statement of opinion on the status
of the title based on an examination of specified public records. Attorney's
Opinion of Title (D) is an instrument written and signed by an attorney
stating their opinion as to whether a seller may convey good title.
Question 3
A provision in a mortgage that allows the lender to declare the entire
balance due immediately upon default is called:
A) Acceleration Clause
B) Alienation Clause
C) Due-on-Sale Clause
D) Escalation Clause
Correct Answer: A) Acceleration Clause
, Rationale: An Acceleration Clause is a provision in a written mortgage,
note, bond, or conditional sales contract that, in the event of default, allows
the whole amount of principal and interest to be declared due and payable
at once. An Alienation Clause (B) states that the balance becomes due if the
property is sold. A Due-on-Sale Clause (C) allows the lender to implement
the acceleration clause if the borrower transfers title. An Escalation Clause
(D) allows payment to adjust over the life of the mortgage or lease.
Question 4
The gradual increase of land by the natural deposit of sand or soil washed
up by water is:
A) Avulsion
B) Erosion
C) Accretion
D) Alluvion
Correct Answer: C) Accretion
Rationale: Accretion is an increase or addition to land by the deposit of
sand or soil washed up naturally from a river, lake, or sea. Alluvion (D)
refers specifically to the new deposits of soil resulting from accretion.
Avulsion (A) is the sudden removal of land by natural forces such as an
earthquake. Erosion (B) is the gradual wearing away of land by water, wind,
and weather conditions.
