Kwell Study guides, Class notes & Summaries

Rockwell Exam 4 Questions and Answers 100% VerifiedRockwell Exam 4 Questions and Answers 100% VerifiedRockwell Exam 4 Questions and Answers 100% Verified Once a contract for deed is signed by the parties, the buyer immediately receives: A. a life estate B. legal title C. equitable title D. the right to lease the property - ANSWER-C. equitable title A buyer receives equitable title to the property once the land contract has been signed A real estate broker represents the seller in a ...

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 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 dies, what kind of interest does Will recei...

WA Real Estate Fundamentals Questions – Rockwell with Complete Solutions Bronson agreed to sell his house to the Hatchers. Closing is scheduled for May 15. Bronson already paid the taxes for the entire year, but the Hatchers are assuming responsibility for the taxes as of the closing date. The settlement statement will prorate the taxes as a: Debit to the buyer and credit to the seller An agent shows his customer, who is an Asian-American, homes only in neighborhoods that are predomin...

Rockwell Ch.10 Quiz – Latest Update Graded A+ A buyer obtains a conventional loan for $180,000. The sales price of the property is $200,000. This could be considered a/an: a. 80% loan b. 90% loan c. 95% loan d. non-conforming loan b. 90% loan Explanation: The loan-to-value ratio of the loan is 90% ($180,000 / $200,000 = 0.9). A buyer obtains an 90% institutional loan for $180,000 toward the purchase of a $200,000 house. The buyer does not have the necessary $20,000 fo...

Rockwell Exam Real Estate Classes WA Final Exam 1

Rockwell Sample Exam 3 Questions and Answers (Graded A)Rockwell Sample Exam 3 Questions and Answers (Graded A)Rockwell Sample Exam 3 Questions and Answers (Graded A)Rockwell Sample Exam 3 Questions and Answers (Graded A)Rockwell Sample Exam 3 Questions and Answers (Graded A)Jack receives a life estate in a property, for the life of Larry. When Larry dies, the property passes to Mary, rather than to the grantor or the grantor's heirs. This is a: A. life estate pur autre vie, in remainder B. ...

Rockwell Exam Real Estate Classes WA Final Exam 1

Rockwell: Washington Real Estate Practices Questions with Verified Answers What is best practice if you don't know the facts to something? To admit that you don't know or remain silent to avoid misrepresentation. If the buyers ask for information that an agent is not legally required to disclose (ex: previous crime in the property), are they required to disclose it upon inquiry? Yes, by duty of good faith. If you know a client has clinical depression and needs a lot of sunlight, ar...

Rockwell Sample Exam 2 Questions and Answers 100% AccurateRockwell Sample Exam 2 Questions and Answers 100% AccurateRockwell Sample Exam 2 Questions and Answers 100% AccurateRockwell Sample Exam 2 Questions and Answers 100% AccurateThe owner of property located along a stream or river may have which type of water right? A. Alluvion B. Riparian C. Appropriation D. Littoral - ANSWER-B. Riparian Five people buy an investment property. They take title so that they each have equal ownership ...

Rockwell Ch.1 Quiz – Latest Update with Verified Answers A clause in a listing agreement states that any member of an MLS who attempts to find a buyer for a listed property is a cooperating agent, rather than an agent for the seller. This is a/an: a. unilateral offer of subagency b. offer of cooperation c. dual agency agreement d. agency by implication b. offer of cooperation Explanation: Under an offer of cooperation, other agents from an MLS are considered cooperating ...