Washington State, Real Estate Actual Exam/ 210+ Qs & Ans/ .

Washington State, Real Estate Actual Exam/ 210+ Qs & Ans/ . Terms like The joining, reaching, or touching of adjoining land. Abutting parcels of land have a common boundary. - Answer: Abutting 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. - Answer: Accelerated Depreciation 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. - Answer: Abandonment Tenants cannot sign away their rights in advance of signing the lease. - Answer: Abrogation 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. - Answer: Abstract of Title