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WASHINGTON REAL ESTATE FUNDAMENTALS EXAM

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WASHINGTON REAL ESTATE FUNDAMENTALS EXAM

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WASHINGTON REAL ESTATE FUNDAMENTALS EXAM
2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Real Property - ANSWER: Real property is land, anything attached or affixed to the
land, and anything incidental or appurtenant to the land.

Real property is also called realty or real estate.

Personal Property - ANSWER: Personal property is everything that is not land or
permanently attached or appurtenant to land. It is usually movable.

Personal property is also called chattels.

Bundle of Rights - ANSWER: An owner of real property has a bundle of rights,
including the right to possess, use, enjoy, encumber, will, sell, or do nothing at all
with the property.

Inverted Pyramid - ANSWER: Within the boundaries of her property, a real property
owner's ownership rights apply to the surface of the earth.

Those rights also apply to everything in an imaginary inverted pyramid, with its tip at
the center of the earth, and its base in the upper regions of the sky.

appurtenances - ANSWER: Rights-of-way, easements, and water rights are classified
as

Riparian water - ANSWER: is flowing water, such as the water in a river, stream, or
creek.

Littoral water - ANSWER: is standing water, such as a pond or a lake. This term also
applies to tidal waters, such as Puget Sound or the ocean.

prior appropriation system - ANSWER: The prior appropriation system has largely
replaced the riparian rights system in Washington.

Under the prior appropriation system, someone who wants to take water from a
water source must obtain a permit from the state, even if she owns land beside the
water source.

air rights - ANSWER: A real property owner has the right to use the airspace above
the property.

,Air rights are limited by federal aviation law, and may also be affected by zoning and
other restrictions.

Air rights may be sold separately from the surface property.

mineral rights - ANSWER: Solid minerals are part of the real property until they are
extracted.

A landowner has the right to extract the solid minerals that lie within his property's
inverted pyramid.

Mineral rights may be sold separately from the land.

Rule of Capture - ANSWER: Oil and gas rights are governed by the rule of capture.

Under this rule, a landowner has the right to any oil or natural gas captured by wells
on her property.

Like other mineral rights, oil and gas rights may be sold separately from the land.

Support Rights - ANSWER: A landowner has the right to lateral and subjacent
support, which is the natural support that his land receives from the land on each
side and the land underneath.

To establish _______________ water rights, one must apply to the state government
for a permit. - ANSWER: appropriative.

The support received by a parcel of land from the property adjoining it is called
___________ support - ANSWER: Lateral

Property adjacent to a stream or river is called _______________ property. -
ANSWER: riparian

Water beneath the surface of the earth is called _______________ water. -
ANSWER: Ground

The support provided to the surface by the underlying earth is called
_______________ support. - ANSWER: subjacent

Attachments - ANSWER: Things attached or affixed to the land are called
attachments, and they are part of the real property unless otherwise agreed.

Attachments are classified as natural or man-made.

Man-made attachments are called fixtures.

, Natural attachments - ANSWER: Natural attachments are plants growing on the land
naturally, or planted there by people.

They are ordinarily part of the real property.

However, the crops produced by cultivated natural attachments that are to be
harvested are ordinarily personal property.

Doctrine of Elements - ANSWER: Under certain circumstances, the doctrine of
emblements gives a tenant farmer the right to harvest crops after the lease has
expired.

Fixtures - ANSWER: Man-made items of personal property become realty if they are
attached to or otherwise closely connected to the land or improvements.

Man-made items that have become realty are called fixtures.

Fixture Tests - ANSWER: In the absence of a written agreement between the buyer
and seller, four tests are used in deciding whether a disputed item is a fixture.

These are the method of attachment test, the adaptation test, the intention test, and
the relationship test.

An article that was once personal property but has been incorporated into real
estate. - ANSWER: Fixture

Overrides the court tests used to distinguish real from personal property. - ANSWER:

Rule that permits tenant farmer to re-enter land to harvest crops if the lease
terminated before the crops were ready for harvest. - ANSWER: Doctrine of
emblements

Legal Description - ANSWER: A property's legal description enables the location and
boundaries of the property to be precisely identified.

The three main methods of legal description are metes and bounds, government
survey, and lot and block.

metes and bounds method - ANSWER: In a metes and bounds description,
monuments, courses, and distances are used to define the property's boundaries.

The description must start at and return to a point of beginning.

Government survey method - ANSWER: A government survey (or rectangular survey)
description identifies the property by its position within a particular section,
township, and range.

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