Rockwell Exam Real Estate Classes WA Final Exam 1 Questions with 100% Verified Correct Answers 2025/2026

Rockwell Exam Real Estate Classes WA Final Exam 1 Questions with 100% Verified Correct Answers 2025/2026 A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - Correct Answer b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive? A. Fee Simple Estate B. Life Estate C. Remainder Interest D. Reversionary Interest - Correct Answer A. Fee Simple Estate The interest that passes to a designated person upon the death of a life tenant (or other measuring life) is a fee simple estate. Will has a remainder interest only up until the moment Ben dies. Once Ben is dead, Will's interest immediately becomes a fee simple interest. A buyer accepts a general warranty deed from a seller, believing that the seller is the sole owner of the property. The buyer later finds out that the seller is only a co-owner. Has a covenant in the general warranty deed been violated? A. No, the only covenant in a general warranty deed promises that the previous owner didn't encumber the property B. No, the principle of caveat emptor controls matters concerning a deed C. Yes, there is a covenant providing equitable title D. Yes, there is a covenant providing marketable title - Correct Answer D. Yes, there is a covenant providing marketable title The general warranty deed contains a covenant of the right to convey, meaning that the grantor either has title to the interest or is an agent of the owner with the authority to transfer the interest. A plaintiff files a lawsuit involving a property and also files a separate document intended to provide notice