Rockwell re - Study guides, Class notes & Summaries

WA State 3 Real Estate Exam Prep: Rockwell Institute Sample Exams 3 questions with correct answers 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 Correct Answer-Your Answer: B Riparian rights are water rights that belong to owners of property that borders a stream or river. (Littoral rights refer to water rights associated with property that borders stationary water, such as a lake.) Five...

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 - ANSWER ☑☑D. 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 the agency disclosure until each par...

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...

Rockwell Real Estate Exam WA 2 Questions and Answers Already Passed A bathroom contains a toilet, a sink, and a stand-up shower. This would be considered a: A. one-quarter bath B. half bath C. three-quarter bath D. full bath C. three-quarter bath A bathroom with sink, toilet, and stand-up shower is a three-quarter bath A conventional loan can be: A. an ARM B. a 15-year loan C. a 30-year loan D. All of the above D. all of the above A conventional loan is one that is not i...

Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions A counteroffer: A. acts as a rejection of the initial offer B. is used to rescind a previously existing contract C. is used only to make an offer contingent on a particular event D. is used when a buyer wants to make an offer where th...

Rockwell Real Estate Exam Questions and Answers 100% AccurateRockwell Real Estate Exam Questions and Answers 100% AccurateRockwell Real Estate Exam Questions and Answers 100% AccurateRockwell Real Estate Exam Questions and Answers 100% AccurateRockwell Real Estate Exam Questions and Answers 100% Accurate Freehold Estate - ANSWER-Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner Fee Simple Estate - ANSWER-Is the greatest estate that can e...

Rockwell Real Estate Exam WA 2 Questions and Answers 100% AccurateRockwell Real Estate Exam WA 2 Questions and Answers 100% AccurateRockwell Real Estate Exam WA 2 Questions and Answers 100% AccurateRockwell Real Estate Exam WA 2 Questions and Answers 100% Accurate 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 - ANSWE...

Rockwell Real Estate Exam Questions and Answers

Rockwell Real Estate Exam WA 2 THEIRS Questions and Answers

Rockwell Real Estate Exam WA 2 Questions and Answers 100% CorrectRockwell Real Estate Exam WA 2 Questions and Answers 100% CorrectRockwell Real Estate Exam WA 2 Questions and Answers 100% CorrectRockwell Real Estate Exam WA 2 Questions and Answers 100% CorrectAt what point in a transaction must you disclose your agency status in writing? - ANSWER--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 disc...

Rockwell Real Estate Exam MAIN Questions and Answers 100% CorrectRockwell Real Estate Exam MAIN Questions and Answers 100% CorrectRockwell Real Estate Exam MAIN Questions and Answers 100% CorrectRockwell Real Estate Exam MAIN Questions and Answers 100% Correct Which of the following loans would be subject to the Truth In Lending Act? - ANSWER-A loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission ...