Washington Real Estate Test Exam Questions with Verified Answers
(Correct Update)
Question 1: A disciplinary hearing will be conducted by
Answer: the director of the Department of Licensing or an administrative law judge.
Question 2: There are no exceptions to fair housing law for
Answer: racial considerations.
Question 3: Taxes levied on a property owner to pay for installation of sidewalks or sewers are
called
Answer: special assessments.
Question 4: A prepaid item by the seller is a(n)
Answer: credit to the seller.
Question 5: Schools would be considered part of which real estate classification?
Answer: Special-purpose
Question 6: When a lien against a parcel of real estate may result from a lawsuit currently
before the court, someone examining the public records would look for
Answer: a lis pendens.
Question 7: Which of the following gives the BEST evidence of the buyer's intention to carry
out the terms of the real estate purchase contract?
Answer: The earnest money deposit
Page 1
,Question 8: The date and time a document was recorded help establish which of the following?
Answer: Priority
Question 9: Khalid has been making periodic payments of principal and interest on a loan, but
the final payment will be larger than the others. This is a(n)
Answer: balloon payment loan.
Question 10: That portion of the value of owners' property that exceeds the amount of their
mortgage debt is called
Answer: equity.
Question 11: The MOST common source of harmful lead in older residential property is in
Answer: alkyd oil-based paint.
Question 12: Under a percentage lease, a commercial lessee may agree to pay
Answer: a percent of sales.
Question 13: In a dual agency situation, a broker may represent both the seller and the buyer
if
Answer: both parties give their informed consent, usually in writing, to the dual agency.
Question 14: In an executory contract, the
Answer: buyer receives equitable title to the property.
Page 2
, Question 15: The federal Fair Housing Act does NOT prohibit
Answer: discriminating on the basis of marital status.
Question 16: Every licensed real estate broker must maintain an office in Washington that is
accessible to the
Answer: public.
Question 17: Which of the following would be used to clear a defect from the title records?
Answer: Quiet title action
Question 18: The amount of money a property commands in the marketplace is its
Answer: market price.
Question 19: The primary activity of Fannie Mae is to
Answer: buy and pool blocks of conventional mortgages and sell bonds that use them as security.
Question 20: In receiving a gift of a parcel of real estate, one of the two new owners was given
an undivided 60 percent interest, and the other received an undivided 40 percent. They now
hold their interests as
Answer: Tenants in common.
Question 21: The real estate license law consists of
Answer: both laws and rules.
Page 3
(Correct Update)
Question 1: A disciplinary hearing will be conducted by
Answer: the director of the Department of Licensing or an administrative law judge.
Question 2: There are no exceptions to fair housing law for
Answer: racial considerations.
Question 3: Taxes levied on a property owner to pay for installation of sidewalks or sewers are
called
Answer: special assessments.
Question 4: A prepaid item by the seller is a(n)
Answer: credit to the seller.
Question 5: Schools would be considered part of which real estate classification?
Answer: Special-purpose
Question 6: When a lien against a parcel of real estate may result from a lawsuit currently
before the court, someone examining the public records would look for
Answer: a lis pendens.
Question 7: Which of the following gives the BEST evidence of the buyer's intention to carry
out the terms of the real estate purchase contract?
Answer: The earnest money deposit
Page 1
,Question 8: The date and time a document was recorded help establish which of the following?
Answer: Priority
Question 9: Khalid has been making periodic payments of principal and interest on a loan, but
the final payment will be larger than the others. This is a(n)
Answer: balloon payment loan.
Question 10: That portion of the value of owners' property that exceeds the amount of their
mortgage debt is called
Answer: equity.
Question 11: The MOST common source of harmful lead in older residential property is in
Answer: alkyd oil-based paint.
Question 12: Under a percentage lease, a commercial lessee may agree to pay
Answer: a percent of sales.
Question 13: In a dual agency situation, a broker may represent both the seller and the buyer
if
Answer: both parties give their informed consent, usually in writing, to the dual agency.
Question 14: In an executory contract, the
Answer: buyer receives equitable title to the property.
Page 2
, Question 15: The federal Fair Housing Act does NOT prohibit
Answer: discriminating on the basis of marital status.
Question 16: Every licensed real estate broker must maintain an office in Washington that is
accessible to the
Answer: public.
Question 17: Which of the following would be used to clear a defect from the title records?
Answer: Quiet title action
Question 18: The amount of money a property commands in the marketplace is its
Answer: market price.
Question 19: The primary activity of Fannie Mae is to
Answer: buy and pool blocks of conventional mortgages and sell bonds that use them as security.
Question 20: In receiving a gift of a parcel of real estate, one of the two new owners was given
an undivided 60 percent interest, and the other received an undivided 40 percent. They now
hold their interests as
Answer: Tenants in common.
Question 21: The real estate license law consists of
Answer: both laws and rules.
Page 3
