WASHINGTON STATE REAL ESTATE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

WASHINGTON STATE REAL ESTATE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Abandonment - 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 - 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-linerate 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 stateme