NURSING TEST

WA RE Exam Questions and Answers 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 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 B - Valid How Long are deed restricti...

Section 4: The Washington Real Estate Commission Questions and Answers Washington Brief Adjudicative Proceedings -So, let's say the DOL director decides a written verified complaint against a broker has merit (sounds like it should be investigated). The licensee has been notified and requests a hearing. In some instances, the director may decide that the case can be resolved by reviewing documentation submitted by the respondent (the person against whom the complaint was filed) and the pers...

Washington Real Estate Practice (30 hr) Questions and Answers 1. Errors and omissions insurance is required in Washington State. A. True B. False False. Errors and omissions insurance is NOT required in Washington State. Though having it is a good risk management tool. 2. Charitable donations and aid for the homeless are examples of community involvement. A. True B. False True. Charitable donations and aid for the homeless are examples of community involvement. This is often re...

Washington Real Estate Exam Practice Questions (2) Questions and Answers beneficiary When a land trust expires, the trustee must either extend the trust term or sell the real estate and give the proceeds to the ______. Elements and units What are the two categories of comparison when evaluating comparables to a subject property in the market comparison approach? elements look at physical and locational characteristics units looks at the numbers. possession gives...

WA RE Exam Prep - Unit 1 General Rules Questions and Answers Which of the following actions by a licensee may result in a disciplinary action or sanction? A) Disclosing that she is receiving compensation from more than one party in a transaction B) Recommending that a buyer contact a professional home inspector C) Not disclosing her personal interest in a property D) Refusing a listing when a seller requires actions that could be discriminatory C) Not disclosing her personal interest in a ...

Washington Real Estate rockwell chapter 2 quizzes Questions and Answers A fee simple title in real estate is of indefinite duration, and can be: A. freely transferred B. encumbered C. inherited D. all of the above D. All of the above A fee simple owner has the full bundle of rights. A conveyance of title with the condition that the land shall not be used for the sale of intoxicating beverages creates a: A. less-than-freehold estate B. defeasible fee C. life estate D. reservatio...

Section 2 Unit 3 Exam Real Estate Questions and Answers How many hours of unused CE credit may be carried over to the next license renewal period in Washington? 15 The Washington Department of Licensing cancelled Karen's license after one year because she didn't renew it. Another six months has passed since her license was cancelled. What does Karen have to do to get her license back? Complete 60 clock hours of continuing education coursework and and pay all accumulated renewal f...

Washington Real Estate Exam Cram Questions(chap.1-9) Questions and Answers A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is a: Bill of Sale (used to transfer personal property)

KW Unit 25 Exam Questions and Answers correct According to the court in Cultum v. Heritage House Realtors, Inc., a real estate professional may complete forms if... A) the form involves a complex real estate transaction. B) they are for another licensee who personally handled the transaction. C) the licensee completes a simple, handwritten real estate form. D) the transaction arises in the usual course of business. D For purposes of the property disclosure law, which of the foll...

Washington Real Estate Exam VI Questions and Answers a 17 yr old purchases a house. he moved in, lived in it for a year, and then decided he didnt want the responsibility. he refused to honor the contract. in this case the contract was: voidable when signed, however the buyer probably ratified it by living in the house a seller has entered into a listing agreement with an expiration date of april 30. under which of these circumstances would the listing NOT terminate on the date mentione...

WA - Real Estate Math Questions and Answers correct Simple Interest Money that is paid only for amount of principal the borrower still owes. When money is repaid to lender, the payments stop. Formula for computing Simple Interest Interest = principal x rate x time Simple Interest Calculated only on remaining loan balance. Compound Interest Defined as interest which is computed on principal amt plus accrued interest Formula for computing Compound Interest Compoun...

Washington Real Estate Fundamentals Ch. 8 Questions and Answers Open Listing A unilateral, non-exclusive listing agreement where the owner agrees to sell the property and pay and commission to any successful broker with whom they have a written open listing agreement. Procuring Cause Real estate agent who is primarily responsible for bringing about a sale, like introducing the buyer to the property, or negotiating the agreement between the buyer and seller. Exclusive Agency List...

WA Real Estate Practice Exam Missed Qs Questions and Answers correct In addition to real estate-specific knowledge, what does the Washington licensing exam test for? Adequate knowledge of the English language Though Washington Administrative Code does allow the DOL director to develop written recognition agreements with other states, in practice, what qualifies licensees from other states to take only the state portion of the Washington licensing exam? A similar license in good standin...

Washington Real Estate Vocabulary Questions and Answers correct appurtenance A right, privilege, or improvement belonging to, and passing with, the land. Arm's Length Transaction Occurs between willing buyer and willing seller with each party completely knowledgeable about the market. A purchaser of property between relatives (father & son) would not be an "arms length transaction". arrears unpaid or overdue debts; an unfinished duty; interest is paid in arrears ...

WA State exam Questions and Answers What disciplinary action will occur if a Washington broker disregards a child support order? License suspension When may a licensee receive compensation in Washington based on an appraisal result at or above a specific prearranged price? It's illegal in all circumstances. How is the Washington managing broker's exam presented? As a simulation-based exam In Washington, which agency is authorized to disseminate and enforce real est...

WA 60-Hour Fundamentals Course Exam Prep: Real Estate Career and Fair Housing Flashcard Set Questions and Answers DOL State of Washington Department of Licensing HUD U.S. Department of Housing and Urban Development RCW Revised Code of Washington NAR National Association of REALTORS® NAREB National Association of Real Estate Brokers Independent contractor Sets own hours, paid by the job, pays own expenses, chooses work location, follows specific tax rule...

Washington state Real Estate exam set 2 Questions and Answer life estate pur autre vie a person who gets a life estate BUT the measuring life is someone else other than the life tenant. "for another life" covenant of seisin protects the buyer in the case of other claims to the property. It promises that the grantor actually owns the property interest being granted to the grantee encumbrance is a claim/liability that affects the value/use of the property. a nonpossessory r...

WA State RE Compucram Questions and Answers Karen and David Carpenter are a team. They have one employee and four sales agents; they also enjoy flipping properties. David asks one of the sales agents to write an offer for him but to use the company name instead of his first and last name. David's offer is accepted, he puts a fresh coat of paint on the property, and then sells it for considerably more. What has David done? Self-Dealing -Self-dealing or making a secret profit violates the ...

Washington Real Estate Exam Practice Questions – State Questions and Answers Candidates for a Washington commission seat must have five years of brokerage experience or ______ years of experience in a related investigative position. Three Rachel, a REALTOR®, is transferring her Washington broker's license to a new firm. She calls all of her clients and asks them to request that they be allowed to terminate their agreements with her old firm and move with her to the new firm. Wha...

WA STATE PORTION EXAM (Andrei) Questions and Answers Business Opprtunity includes (4) 1 Business 2 Business Entity 3 Good Will 4 Interest in real property Difference between Residential and Commercial Real Estate 1-4 units -- Residential 5 and over -- Commercial Designated Broker (2) 1. Natural person 2. Owns RE firm or controlling interest Inactive license (2) 1. Not expired 2. Not affiliated with firm Managing Broker is a (3): 1. Natural person 2. Under...