WASHINGTON STATE REAL ESTATE EXAM
BUNDLED WASHINGTON REAL ESTATE
FUNDAMENTALS FINAL TEST 2026
QUESTIONS AND ANSWERS VERIFIED
GRADED A+
⩥ Abrogation.
Answer: Tenants cannot sign away their rights in advance of signing the
lease.
⩥ Abstract of Title.
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.
Answer: The joining, reaching, or touching of adjoining land. Abutting
parcels of land have a common boundary.
⩥ Accelerated Depreciation.
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.
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.
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.
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.
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.
,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.
Answer: Express information or fact; that which is know; actual
knowledge.
⩥ Adjustable-rate Mortgage.
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.
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.
Answer: A tax levied according to value; generally used to refer to real
estate tax. Also called the general tax.
⩥ Adverse possession.
, 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.
Answer: A written statement signed and sworn to before a person
authorized to administer an oath.
⩥ Agent.
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.
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.
Answer: A designated airspace over a piece of land. Air lots, like surgace
property, may be transferred.
⩥ Air Rights.
BUNDLED WASHINGTON REAL ESTATE
FUNDAMENTALS FINAL TEST 2026
QUESTIONS AND ANSWERS VERIFIED
GRADED A+
⩥ Abrogation.
Answer: Tenants cannot sign away their rights in advance of signing the
lease.
⩥ Abstract of Title.
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.
Answer: The joining, reaching, or touching of adjoining land. Abutting
parcels of land have a common boundary.
⩥ Accelerated Depreciation.
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.
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.
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.
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.
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.
,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.
Answer: Express information or fact; that which is know; actual
knowledge.
⩥ Adjustable-rate Mortgage.
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.
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.
Answer: A tax levied according to value; generally used to refer to real
estate tax. Also called the general tax.
⩥ Adverse possession.
, 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.
Answer: A written statement signed and sworn to before a person
authorized to administer an oath.
⩥ Agent.
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.
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.
Answer: A designated airspace over a piece of land. Air lots, like surgace
property, may be transferred.
⩥ Air Rights.
