Washington State Real Estate Exam
Questions With Correct Answers
Abandonment |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-Tenants |cannot |sign |away |their |rights |in |advance |of |
signing |the |lease.
Abstract |of |Title |- |CORRECT |ANSWER✔✔-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.
Abutting |- |CORRECT |ANSWER✔✔-The |joining, |reaching, |or |touching |of |adjoining |land. |
Abutting |parcels |of |land |have |a |common |boundary.
Accelerated |Depreciation |- |CORRECT |ANSWER✔✔-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.
Acceleration |Clause |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-An |increase |or |addition |to |land |by |the |deposit |of |sand |or |
soil |washed |up |naturally |from |a |river |lake |or |sea.
,Accrued |Depreciation |- |CORRECT |ANSWER✔✔-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.
Acknowledgment |- |CORRECT |ANSWER✔✔-A |declaration |made |by |a |person |to |a |notary |public, |
or |other |public |official |authorized |to |take |acknowledgments |that |an |instrument |was |executed |
by |that |person |as |a |free |and |voluntary |act.
Actual |Eviction |- |CORRECT |ANSWER✔✔-The |result |of |legal |action |originated |by |a |lessor, |
whereby |a |defaulted |tenant |is |physically |ousted |from |the |rented |property |pursuant |to |a |court |
order.
Actual |Notice |- |CORRECT |ANSWER✔✔-Express |information |or |fact; |that |which |is |know; |actual |
knowledge.
Adjustable-rate |Mortgage |- |CORRECT |ANSWER✔✔-A |mortgage |in |which |the |interest |rate |
changes |at |predetermined |intervals. |The |mortgage |has |caps, |or |a |ceiling, |that |limits |the |
amount |it |can |change |at |the |predetermined |intervals.
Administrator |- |CORRECT |ANSWER✔✔-The |party |appointed |by |the |county |court |to |settle |the |
estate |of |a |deceased |person |who |died |without |leaving |a |will.
Ad |Valorem |Tax |- |CORRECT |ANSWER✔✔-A |tax |levied |according |to |value; |generally |used |to |
refer |to |real |estate |tax. |Also |called |the |general |tax.
Adverse |possession |- |CORRECT |ANSWER✔✔-The |right |of |an |occupant |of |land |to |acquire |title |
against |the |real |owner, |where |possession |has |been |actual, |continuous, |hostile, |visible, |and |
distinct |for |the |statutory |period.
, Affidavit |- |CORRECT |ANSWER✔✔-A |written |statement |signed |and |sworn |to |before |a |person |
authorized |to |administer |an |oath.
Agent |- |CORRECT |ANSWER✔✔-One |who |represents |or |has |the |power |to |act |for |another |
person |(called |the |principal). |The |authorization |may |be |express |or |implied. |A |fiduciary |
relationship |is |created |under |the |law |of |agency |when |a |property |owner, |as |the |principal, |
executes |a |listing |agreement |or |management |contract |authorizing |a |licensed |real |estate |broker
|to |be |the |owner's |agent.
Agreement |of |sale |- |CORRECT |ANSWER✔✔-A |written |agreement |whereby |the |purchaser |
agrees |to |buy |certain |real |estate |and |the |seller |agrees |to |sell, |upon |terms |and |conditions |set |
forth |in |the |agreement.
Air |Lot |- |CORRECT |ANSWER✔✔-A |designated |airspace |over |a |piece |of |land. |Air |lots, |like |
surgace |property, |may |be |transferred.
Air |Rights |- |CORRECT |ANSWER✔✔-The |right |to |use |the |open |space |above |a |property, |
generally |allowing |the |surface |to |be |used |for |another |purpose.
Alienation |- |CORRECT |ANSWER✔✔-The |act |of |transferring |property |to |another. |Alienation |may
|be |voluntary, |such |as |by |gift |or |sale; |or |involuntary, |such |as |through |eminent |domain |or |
adverse |possession.
Alienation |Clause |- |CORRECT |ANSWER✔✔-The |clause |in |a |mortgage |or |deed |of |trst |that |states
|that |the |balance |of |the |secured |debt |becomes |immediately |due |and |payable |at |the |
mortgagee's |option |if |the |property |is |sold |by |the |mortgagor. |In |effect, |this |clause |prevents |the
|mortgagor |from |assigning |the |debt |without |the |mortgagee's |approval.
Alluvion |- |CORRECT |ANSWER✔✔-New |deposits |of |soil |as |the |result |of |accretion.
Questions With Correct Answers
Abandonment |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-Tenants |cannot |sign |away |their |rights |in |advance |of |
signing |the |lease.
Abstract |of |Title |- |CORRECT |ANSWER✔✔-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.
Abutting |- |CORRECT |ANSWER✔✔-The |joining, |reaching, |or |touching |of |adjoining |land. |
Abutting |parcels |of |land |have |a |common |boundary.
Accelerated |Depreciation |- |CORRECT |ANSWER✔✔-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.
Acceleration |Clause |- |CORRECT |ANSWER✔✔-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 |- |CORRECT |ANSWER✔✔-An |increase |or |addition |to |land |by |the |deposit |of |sand |or |
soil |washed |up |naturally |from |a |river |lake |or |sea.
,Accrued |Depreciation |- |CORRECT |ANSWER✔✔-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.
Acknowledgment |- |CORRECT |ANSWER✔✔-A |declaration |made |by |a |person |to |a |notary |public, |
or |other |public |official |authorized |to |take |acknowledgments |that |an |instrument |was |executed |
by |that |person |as |a |free |and |voluntary |act.
Actual |Eviction |- |CORRECT |ANSWER✔✔-The |result |of |legal |action |originated |by |a |lessor, |
whereby |a |defaulted |tenant |is |physically |ousted |from |the |rented |property |pursuant |to |a |court |
order.
Actual |Notice |- |CORRECT |ANSWER✔✔-Express |information |or |fact; |that |which |is |know; |actual |
knowledge.
Adjustable-rate |Mortgage |- |CORRECT |ANSWER✔✔-A |mortgage |in |which |the |interest |rate |
changes |at |predetermined |intervals. |The |mortgage |has |caps, |or |a |ceiling, |that |limits |the |
amount |it |can |change |at |the |predetermined |intervals.
Administrator |- |CORRECT |ANSWER✔✔-The |party |appointed |by |the |county |court |to |settle |the |
estate |of |a |deceased |person |who |died |without |leaving |a |will.
Ad |Valorem |Tax |- |CORRECT |ANSWER✔✔-A |tax |levied |according |to |value; |generally |used |to |
refer |to |real |estate |tax. |Also |called |the |general |tax.
Adverse |possession |- |CORRECT |ANSWER✔✔-The |right |of |an |occupant |of |land |to |acquire |title |
against |the |real |owner, |where |possession |has |been |actual, |continuous, |hostile, |visible, |and |
distinct |for |the |statutory |period.
, Affidavit |- |CORRECT |ANSWER✔✔-A |written |statement |signed |and |sworn |to |before |a |person |
authorized |to |administer |an |oath.
Agent |- |CORRECT |ANSWER✔✔-One |who |represents |or |has |the |power |to |act |for |another |
person |(called |the |principal). |The |authorization |may |be |express |or |implied. |A |fiduciary |
relationship |is |created |under |the |law |of |agency |when |a |property |owner, |as |the |principal, |
executes |a |listing |agreement |or |management |contract |authorizing |a |licensed |real |estate |broker
|to |be |the |owner's |agent.
Agreement |of |sale |- |CORRECT |ANSWER✔✔-A |written |agreement |whereby |the |purchaser |
agrees |to |buy |certain |real |estate |and |the |seller |agrees |to |sell, |upon |terms |and |conditions |set |
forth |in |the |agreement.
Air |Lot |- |CORRECT |ANSWER✔✔-A |designated |airspace |over |a |piece |of |land. |Air |lots, |like |
surgace |property, |may |be |transferred.
Air |Rights |- |CORRECT |ANSWER✔✔-The |right |to |use |the |open |space |above |a |property, |
generally |allowing |the |surface |to |be |used |for |another |purpose.
Alienation |- |CORRECT |ANSWER✔✔-The |act |of |transferring |property |to |another. |Alienation |may
|be |voluntary, |such |as |by |gift |or |sale; |or |involuntary, |such |as |through |eminent |domain |or |
adverse |possession.
Alienation |Clause |- |CORRECT |ANSWER✔✔-The |clause |in |a |mortgage |or |deed |of |trst |that |states
|that |the |balance |of |the |secured |debt |becomes |immediately |due |and |payable |at |the |
mortgagee's |option |if |the |property |is |sold |by |the |mortgagor. |In |effect, |this |clause |prevents |the
|mortgagor |from |assigning |the |debt |without |the |mortgagee's |approval.
Alluvion |- |CORRECT |ANSWER✔✔-New |deposits |of |soil |as |the |result |of |accretion.
