WA RE Exam correctly answered to pass
An easement for ingress and egress that is created by a court of law where it is reasonably necessary for
the enjoyment of the property is
A)Appruent
B) By necessity
C) By Prescription
D In gross - correct answer ✔✔B - By Necessity
X and Y execute a property drawn up option agreement for X to purchase Y's commercial property. X
Gives $5 in consideration. The option is:
A) Unenforceable
B) Valid
C) Void
D)Voidable - correct answer ✔✔B - Valid
How Long are deed restrictions valid?
A) Potentially forever
B) Only as to the first purchaser of the property
C) Only if the restriction is a covenant not a condition
D) Until a subsequent buyer and seller agree to release it. - correct answer ✔✔A - potentially forever
A quitclaim deed conveys:
A)Unencumbered title
, B) The grantors interest in a given property, if any
C) An estate for years
D) fee simple title, including a covenant of quiet enjoyment - correct answer ✔✔B - The grantors interest
in a given property, if any
A mortgage, and the assicoiated mortgage note, are both examples of
A- Contracts
B- Deeds
C - Non-negotiable instruments
D- Options agreements - correct answer ✔✔A - contract
By what right would a railroad company acquire private land necessary for a new railway line?
A) Partition action
B) Emenit domain
C) Suit in federal Court
D) Condemnation - correct answer ✔✔B - Enement Domain
A real estate agent lists harolds home, which he owns as a life estate. Harolds children hold the
remainder of interest. Which of the following is true?
A) Someone who buys harolds life estate only receives the interest held by Harold
B) Harolds Children need to sign the listing agreement
C) The buyer will automatically receive a fee simple absolute interest
D) Since a life estate can not be sold, the listing is invalid - correct answer ✔✔A - someone who buys
harolds life estate receives only the interest held by Harold
A borrower defaults on a mortgage What
does the acceleration clause in the mortgage allow the lender to do?
An easement for ingress and egress that is created by a court of law where it is reasonably necessary for
the enjoyment of the property is
A)Appruent
B) By necessity
C) By Prescription
D In gross - correct answer ✔✔B - By Necessity
X and Y execute a property drawn up option agreement for X to purchase Y's commercial property. X
Gives $5 in consideration. The option is:
A) Unenforceable
B) Valid
C) Void
D)Voidable - correct answer ✔✔B - Valid
How Long are deed restrictions valid?
A) Potentially forever
B) Only as to the first purchaser of the property
C) Only if the restriction is a covenant not a condition
D) Until a subsequent buyer and seller agree to release it. - correct answer ✔✔A - potentially forever
A quitclaim deed conveys:
A)Unencumbered title
, B) The grantors interest in a given property, if any
C) An estate for years
D) fee simple title, including a covenant of quiet enjoyment - correct answer ✔✔B - The grantors interest
in a given property, if any
A mortgage, and the assicoiated mortgage note, are both examples of
A- Contracts
B- Deeds
C - Non-negotiable instruments
D- Options agreements - correct answer ✔✔A - contract
By what right would a railroad company acquire private land necessary for a new railway line?
A) Partition action
B) Emenit domain
C) Suit in federal Court
D) Condemnation - correct answer ✔✔B - Enement Domain
A real estate agent lists harolds home, which he owns as a life estate. Harolds children hold the
remainder of interest. Which of the following is true?
A) Someone who buys harolds life estate only receives the interest held by Harold
B) Harolds Children need to sign the listing agreement
C) The buyer will automatically receive a fee simple absolute interest
D) Since a life estate can not be sold, the listing is invalid - correct answer ✔✔A - someone who buys
harolds life estate receives only the interest held by Harold
A borrower defaults on a mortgage What
does the acceleration clause in the mortgage allow the lender to do?
