WASHINGTON REAL ESTATE EXAM PREP 1 REVIEW QUESTIONS AND ANSWERS, RATED A+/ VERIFIED.| latest update 2024/25|

WASHINGTON REAL ESTATE EXAM PREP 1 REVIEW QUESTIONS AND ANSWERS, RATED A+/ VERIFIED. What is a legal action to stop a nuisance? - -abatement A history of every recorded document dealing with a property? - -abstract A means of obtaining land value by deducting the value of improvements from the total property value? - -abstractive method What is a condensation of a court judgment? - -abstract of judgment What is obtaining title as a result of attaching or joining property to other property? - -accession What is the act of accepting a different consideration than agreed? - -accord and satisfaction What is a gradual buildup of soil by action of water or wind? - -accretion What is a declaration customarily made before a notary, certifying that the signing of an instrument is the signer?s own free act? - -acknowledgment What is a measure of land equal to 43,560 square feet? - -acre What is the personal knowledge of an interest or instrument? - -action in rem What is the disposal of property by a testator prior to death? - -ademption What is the acquisition cost less depreciation plus cost of improvements? - -adjusted basis What is a man appointed by a probate court to administer the estate of a deceased? - -administrator What is an easement that allows the easement holder a right of use over the land of another? - - affirmative easement What is an agency created by a principal approving an unauthorized act of another? - -agency by ratification What is an agency created when the principal?s words or conduct led another to believe in the agency and thereby act to the other?s detriment? - -agency by estoppel What is a transfer of property or property rights? - -alienation What is a nonjudicial process for resolution of disputes whereby the parties agree to abide by a decision made by a third person? - -arbitration What is the legal seizure of property under court order prior to a judgment when there is belief that the property will not be available? - -attach