Washington State Real Estate Broker Exam with complete solutions

Washington State Real Estate Broker Exam with complete solutions Deed in lieu of foreclosure - Ans ️️ -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 - Ans ️️ -If a contractor intends to sell 10 properties in a calendar year, he/she will need Desire and means - Ans ️️ -Demand for property requires what two factors of the populace to be effective? Must return the deposit money but can sue for the commission - Ans ️️ -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 - Ans ️️ -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 - Ans ️️ -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 - Ans ️️ -The term "executrix" refers to -All of these - Ans ️️ -A construction loan is a: -Short-term loan for financing the cost of construction -Loan in which the lender makes periodic payments -Loan in which payments are issued as the building progresses -All of these Third-party origination - Ans ️️ -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 - Ans ️️ -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 requ