Washington State Real Estate Broker Exam Correct Questions & Answers

Deed in lieu of foreclosure - ANSWERSYin Lee is an owner of several properties as well as a relatively high profile individual. In order for Yin Lee to attempt to avoid a possible foreclosure from becoming a matter of public record by being recorded, Yin Lee would want to give the lender a: A real estate license - ANSWERSIf a contractor intends to sell 10 properties in a calendar year, he/she will need Desire and means - ANSWERSDemand for property requires what two factors of the populace to be effective? Must return the deposit money but can sue for the commission - ANSWERSAn offer has been accepted by the buyer and the seller. The buyer and seller instruct the broker to return the deposit money to the seller. The broker: A Historic building - ANSWERSOf the properties listed, which is considered the most "unique" and would use the cost approach method of appraisal? -A condominium -A piece of land -A Historic building -A farm In the second position - ANSWERSWhen describing a home equity line of credit, the mortgage loan in a specified amount based on your home equity would be: A female executor - ANSWERSThe term "executrix" refers to -All of these - ANSWERSA construction loan is a: