Rockwell exam real estat - Study guides, Class notes & Summaries

Rockwell Exam Real Estate Classes WA Final Exam Questions and Answers with rationale 2024.

Rockwell Exam Real Estate Classes WA Final Exam 1 1. A buyer purchases a rental home that is fully furnished. The docu- ment used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed 2. Ben receives a life estate in a prop- erty, with his nephew Will desig- nated as the remainderman. When Ben dies, what kind of interest does Will receive? A. Fee Simple Estate B. Life Estate C. Remainder Interest D. Reversionar...

Rockwell Exam Real Estate Classes WA 2 Exam At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - answerD. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of t...

Rockwell Exam Real Estate Classes WA 2 Exam At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - answerD. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of t...

Rockwell Exam Real Estate Classes Final Exam The owner of property located along a stream or river may have which type of water right? A. Alluvion B. Riparian C. Appropriation D. Littoral - answerB. Riparian Five people buy an investment property. They take title so that they each have equal ownership shares, and so that if one of them dies, his share will pass to his heirs. How did they take title? A. Community property B. Joint tenancy C. Tenancy in common D. Term tenancy - answerC...

Rockwell Exam Real Estate Classes WA Final Exam 1 UPDATED ACTUAL Questions and CORRECT Answers A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - CORRECT ANSWER- b. bill of sale

Rockwell Exam Real Estate Classes Final Exam The owner of property located along a stream or river may have which type of water right? A. Alluvion B. Riparian C. Appropriation D. Littoral - answerB. Riparian Five people buy an investment property. They take title so that they each have equal ownership shares, and so that if one of them dies, his share will pass to his heirs. How did they take title? A. Community property B. Joint tenancy C. Tenancy in common D. Term tenancy - answerC...

Rockwell Exam Real Estate Classes WA Final Exam 1 A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - answerb. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben d...

Rockwell Exam Real Estate Classes WA Final Exam 1 Updated 2024 Correct

Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers 100% Correct Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers 100% Correct Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers 100% Correct A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - ANSWER-b. bill of sale Deeds transfer...