Washington State Real Estate Exam : Questions and Answers . ...
Washington State Real Estate Exam
Save
Terms in this set (219)
Abandonment 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 Tenants cannot sign away their rights in
advance of signing the lease.
Abstract of Title 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 The joining, reaching, or touching of adjoining
land. Abutting parcels of land have a common
boundary.
Accelerated Depreciation 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-line rate is subject to recapture as
ordinary income to the extent of gain resulting
from the sale.
Acceleration Clause 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 An increase or addition to land by the deposit
of sand or soil washed up naturally from a river
lake or sea.
1 .. 3/7/2026
,Washington State Real Estate Exam : Questions and Answers . ...
Accrued Depreciation 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 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 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 Express information or fact; that which is know;
actual knowledge.
Adjustable-rate Mortgage 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 The party appointed by the county court to
settle the estate of a deceased person who
died without leaving a will.
Ad Valorem Tax A tax levied according to value; generally used
to refer to real estate tax. Also called the
general tax.
Adverse possession 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 A written statement signed and sworn to
before a person authorized to administer an
oath.
Agent One who represents or has the power to act
for another person (called the principal). The
authorization may be express or implied. A
fiduciary relationship is created under the law
of agency when a property owner, as the
principal, executes a listing agreement or
management contract authorizing a licensed
real estate broker to be the owner's agent.
2 .. 3/7/2026
, Washington State Real Estate Exam : Questions and Answers . ...
Agreement of sale A written agreement whereby the purchaser
agrees to buy certain real estate and the seller
agrees to sell, upon terms and conditions set
forth in the agreement.
Air Lot A designated airspace over a piece of land. Air
lots, like surgace property, may be transferred.
Air Rights The right to use the open space above a
property, generally allowing the surface to be
used for another purpose.
Alienation The act of transferring property to another.
Alienation may be voluntary, such as by gift or
sale; or involuntary, such as through eminent
domain or adverse possession.
Alienation Clause The clause in a mortgage or deed of trst that
states that the balance of the secured debt
becomes immediately due and payable at the
mortgagee's option if the property is sold by
the mortgagor. In effect, this clause prevents
the mortgagor from assigning the debt without
the mortgagee's approval.
Alluvion New deposits of soil as the result of accretion.
Amenitites The tangible and intangible features that
increase the value or desirability of real estate.
Americans with Disabilities Act A federal law that became effective in 1992. It is
(ADA) designed to eliminate the discrimination
against individuals with disabilities by
mandating equal access to jobs, public
accommodations, public transportation,
telecommunications and government services.
Amortization The liquidation of a financial burden by
installment payments.
Amortized Loan A loan in which the principal, as well as the
interest, is payable in monthly or other periodic
installments over the term of the loan.
3 .. 3/7/2026
Washington State Real Estate Exam
Save
Terms in this set (219)
Abandonment 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 Tenants cannot sign away their rights in
advance of signing the lease.
Abstract of Title 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 The joining, reaching, or touching of adjoining
land. Abutting parcels of land have a common
boundary.
Accelerated Depreciation 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-line rate is subject to recapture as
ordinary income to the extent of gain resulting
from the sale.
Acceleration Clause 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 An increase or addition to land by the deposit
of sand or soil washed up naturally from a river
lake or sea.
1 .. 3/7/2026
,Washington State Real Estate Exam : Questions and Answers . ...
Accrued Depreciation 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 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 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 Express information or fact; that which is know;
actual knowledge.
Adjustable-rate Mortgage 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 The party appointed by the county court to
settle the estate of a deceased person who
died without leaving a will.
Ad Valorem Tax A tax levied according to value; generally used
to refer to real estate tax. Also called the
general tax.
Adverse possession 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 A written statement signed and sworn to
before a person authorized to administer an
oath.
Agent One who represents or has the power to act
for another person (called the principal). The
authorization may be express or implied. A
fiduciary relationship is created under the law
of agency when a property owner, as the
principal, executes a listing agreement or
management contract authorizing a licensed
real estate broker to be the owner's agent.
2 .. 3/7/2026
, Washington State Real Estate Exam : Questions and Answers . ...
Agreement of sale A written agreement whereby the purchaser
agrees to buy certain real estate and the seller
agrees to sell, upon terms and conditions set
forth in the agreement.
Air Lot A designated airspace over a piece of land. Air
lots, like surgace property, may be transferred.
Air Rights The right to use the open space above a
property, generally allowing the surface to be
used for another purpose.
Alienation The act of transferring property to another.
Alienation may be voluntary, such as by gift or
sale; or involuntary, such as through eminent
domain or adverse possession.
Alienation Clause The clause in a mortgage or deed of trst that
states that the balance of the secured debt
becomes immediately due and payable at the
mortgagee's option if the property is sold by
the mortgagor. In effect, this clause prevents
the mortgagor from assigning the debt without
the mortgagee's approval.
Alluvion New deposits of soil as the result of accretion.
Amenitites The tangible and intangible features that
increase the value or desirability of real estate.
Americans with Disabilities Act A federal law that became effective in 1992. It is
(ADA) designed to eliminate the discrimination
against individuals with disabilities by
mandating equal access to jobs, public
accommodations, public transportation,
telecommunications and government services.
Amortization The liquidation of a financial burden by
installment payments.
Amortized Loan A loan in which the principal, as well as the
interest, is payable in monthly or other periodic
installments over the term of the loan.
3 .. 3/7/2026
