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Washington State Real Estate
Exam, Washington State Specific
Real Estate Exam, Washington
Real Estate Exam Practice
Questions - State
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Abandonment The voluntary and permanent cessation of
use or enjoyment with no intention to
resume or reclaim one's possession or
interest. May pertain to an easement or a
property.
Abrogation Tenants cannot sign away their rights in
advance of signing the lease.
Abstract of Title A condensed version of the history of title
to a particular parcel of real estate as
recorded in the county clerk's records;
consists of a summary of the original grant
and all subsequent conveyances and
encumbrances affecting the property.
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Abutting The joining, reaching, or touching of
adjoining land. Abutting parcels of land
have a common boundary.
Accelerated Depreciation A method of calculating for tax purposes
the depreciation of income property at a
faster rat than would be achieved using the
straight-line method. Note** any
depreciation taken in excess of that which
would be claimed using the straight-line
rate is subject to recapture as ordinary
income to the extent of gain resulting from
the sale.
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Acceleration Clause A provision in a written mortgage, note,
bond, or conditional sales contract that, in
the event of a default, the whole amount of
principal and interest may be declared to
be due an payable at once.
Accretion An increase or addition to land by the
deposit of sand or soil washed up naturally
from a river lake or sea.
Accrued Depreciation The actual depreciation that has occurred
to a property at any given date; the
difference between the cost of
replacement new (as of the date of
appraisal) and the present appraised value.
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