Rockwell Exam Real Estate Classes
WA Final Exam 2 2025/2026 ||
QUESTIONS WITH CORRECT DETAILED
ANSWERS || 100% GUARANTEED PASS
<BRAND NEW VERSION>
1. Which party is usually responsible for the costs of modifications or repairs
made a as a result of unsatisfactory inspection results?
A. Buyer
B. Seller
C. Listing agent
D. None of the above - ANSWER ✓ B. Seller
2. Typically, if a buyer deems an inspection report unsatisfactory, he will give
the seller an opportunity to make repairs. If the seller chooses to make the
repairs, the work is usually paid for by the seller.
3. Disclosure of and consent to a dual agency:
A. are not required in a transaction where both agents work for the same
brokerage
B. must occur only after the parties sign the purchase and sale agreement
C. must be in writing
D. allow the agent to promote the interest of one party over that of
another party - ANSWER ✓ C. must be in writing
,4. Dual agency is legal in Washington only if it disclosed and consented to in
writing.
5. In a VA transaction, who pays the points?
A. The buyer
B. The seller
C. As negotiated between the buyer and seller
D. The government - ANSWER ✓ C. As negotiated between the buyer
and seller
6. Discounted points paid in a VA loan transaction may be paid by the buyer,
the seller, or a third party, depending on what the parties negotiate.
7. Which of the following is the duration of a listing agreement in the state of
Washington?
A. 30 days
B. 90 days
C. 180 days
D. Whatever the broker and seller agree upon - ANSWER ✓ D.
Whatever the broker and seller agree upon
8. There is no standard listing period according to law or convention. The real
estate firm and seller should agree upon a period that takes into account real
estate market activity and the listing price of the property.
9. Which of the following is a material fact that an agent would be required to
disclose?
A. The roof leaks during rainy weather
B. The house was once the site of a suicide
C. The house was once rented by gang members
D. The house was once the headquarters for a doomsday cult - ANSWER
✓ A. The roof leaks during rainy weather
10.A leaky roof is a material fact that an agent would be required to disclose.
But it would not be a material fact that the home had been rented by gang
members, the site of a suicide, or used as headquarters by a cult.
,11.Which of the following statements in an advertisement is most clearly
discriminatory?
A. "Close-knit Asian neighborhood"
B. "Desirable and prestigious location"
C. "Neighborhood with traditional values"
D. "Safe neighborhood with hard-working people" - ANSWER ✓ A.
"Close-knit Asian neighborhood"
12.An ad should never specifically reference a neighborhood's racial
composition; this may suggest a discriminatory preference.
13.All of the following should be included in every purchase and sale
agreement, except:
A. identification of the parties
B. purchase price and method of payment
C. agent's commission
D. dates when the title and possession will pass to buyer - ANSWER ✓
C. agent's commission
14.Which of the following items would a homeowner generally be able to
deduct on her income taxes?
a. depreciation
b. maintenance expenses
c. points paid on the mortgage
d. The downpayment at the time of purchase - ANSWER ✓ c.
points paid on the mortgage
15.Ryan needs to replace his roof; not having the cash available, he decides to
borrow several thousand dollars through a home equity line of credit, which
is a: - ANSWER ✓ secured loan
16.In spite of Delia's objection, the city took a portion of her lot as part of a
street widening project. Which of the following is true about eminent
domain? - ANSWER ✓ Delia's property was taken through the process of
condemnation
, 17.Which of the following would be subject to real property taxes?
a. A house and the land it's on
b. Cars and motorcycles
c. Household furnishings
18.D. Only the land, but not the improvements - ANSWER ✓ a. A house and
the land it's on
19.Two parties enter into an option agreement, scheduled to end in December.
However, in October the optionee decides he doesn't want to buy the
property. What should the parties do in order to terminate the option? -
ANSWER ✓ Nothing, the option will expire automatically.
20.Encroachments are: - ANSWER ✓ Considered a trespass
21.Sonya buys a parcel of land and pays taxes on it for five years. After she
builds a home on it, the taxes she'll pay are:
a. special assessments
b. ad valorem taxes
c. estate taxes
d. excise taxes - ANSWER ✓ c. ad valorem taxes ( General real
estate taxes are ad valorem taxes)
22.Which of the following situation would be exempt under the Fair Housing
Act? - ANSWER ✓ The owner of a fourplex lives in one unit and refuses to
rent the other three units to students because of their national origin.
23.A tenant signs a one-year lease. Four months later the owner sells the
property to a third party, who wants to move in immediately. Which is
correct? - ANSWER ✓ The new owner takes ownership subject to the lease
and must wait until the lease ends to move in.
24.Which of the following is true concerning federal fair house law? -
ANSWER ✓ Enforcement may be brought about by filing a complaint with
the Dept. of the Housing and Urban Development.
25.A landowner is negotiating the lease of his land to a developer who wants to
build a mall there. They should use a:
a. gross lease
WA Final Exam 2 2025/2026 ||
QUESTIONS WITH CORRECT DETAILED
ANSWERS || 100% GUARANTEED PASS
<BRAND NEW VERSION>
1. Which party is usually responsible for the costs of modifications or repairs
made a as a result of unsatisfactory inspection results?
A. Buyer
B. Seller
C. Listing agent
D. None of the above - ANSWER ✓ B. Seller
2. Typically, if a buyer deems an inspection report unsatisfactory, he will give
the seller an opportunity to make repairs. If the seller chooses to make the
repairs, the work is usually paid for by the seller.
3. Disclosure of and consent to a dual agency:
A. are not required in a transaction where both agents work for the same
brokerage
B. must occur only after the parties sign the purchase and sale agreement
C. must be in writing
D. allow the agent to promote the interest of one party over that of
another party - ANSWER ✓ C. must be in writing
,4. Dual agency is legal in Washington only if it disclosed and consented to in
writing.
5. In a VA transaction, who pays the points?
A. The buyer
B. The seller
C. As negotiated between the buyer and seller
D. The government - ANSWER ✓ C. As negotiated between the buyer
and seller
6. Discounted points paid in a VA loan transaction may be paid by the buyer,
the seller, or a third party, depending on what the parties negotiate.
7. Which of the following is the duration of a listing agreement in the state of
Washington?
A. 30 days
B. 90 days
C. 180 days
D. Whatever the broker and seller agree upon - ANSWER ✓ D.
Whatever the broker and seller agree upon
8. There is no standard listing period according to law or convention. The real
estate firm and seller should agree upon a period that takes into account real
estate market activity and the listing price of the property.
9. Which of the following is a material fact that an agent would be required to
disclose?
A. The roof leaks during rainy weather
B. The house was once the site of a suicide
C. The house was once rented by gang members
D. The house was once the headquarters for a doomsday cult - ANSWER
✓ A. The roof leaks during rainy weather
10.A leaky roof is a material fact that an agent would be required to disclose.
But it would not be a material fact that the home had been rented by gang
members, the site of a suicide, or used as headquarters by a cult.
,11.Which of the following statements in an advertisement is most clearly
discriminatory?
A. "Close-knit Asian neighborhood"
B. "Desirable and prestigious location"
C. "Neighborhood with traditional values"
D. "Safe neighborhood with hard-working people" - ANSWER ✓ A.
"Close-knit Asian neighborhood"
12.An ad should never specifically reference a neighborhood's racial
composition; this may suggest a discriminatory preference.
13.All of the following should be included in every purchase and sale
agreement, except:
A. identification of the parties
B. purchase price and method of payment
C. agent's commission
D. dates when the title and possession will pass to buyer - ANSWER ✓
C. agent's commission
14.Which of the following items would a homeowner generally be able to
deduct on her income taxes?
a. depreciation
b. maintenance expenses
c. points paid on the mortgage
d. The downpayment at the time of purchase - ANSWER ✓ c.
points paid on the mortgage
15.Ryan needs to replace his roof; not having the cash available, he decides to
borrow several thousand dollars through a home equity line of credit, which
is a: - ANSWER ✓ secured loan
16.In spite of Delia's objection, the city took a portion of her lot as part of a
street widening project. Which of the following is true about eminent
domain? - ANSWER ✓ Delia's property was taken through the process of
condemnation
, 17.Which of the following would be subject to real property taxes?
a. A house and the land it's on
b. Cars and motorcycles
c. Household furnishings
18.D. Only the land, but not the improvements - ANSWER ✓ a. A house and
the land it's on
19.Two parties enter into an option agreement, scheduled to end in December.
However, in October the optionee decides he doesn't want to buy the
property. What should the parties do in order to terminate the option? -
ANSWER ✓ Nothing, the option will expire automatically.
20.Encroachments are: - ANSWER ✓ Considered a trespass
21.Sonya buys a parcel of land and pays taxes on it for five years. After she
builds a home on it, the taxes she'll pay are:
a. special assessments
b. ad valorem taxes
c. estate taxes
d. excise taxes - ANSWER ✓ c. ad valorem taxes ( General real
estate taxes are ad valorem taxes)
22.Which of the following situation would be exempt under the Fair Housing
Act? - ANSWER ✓ The owner of a fourplex lives in one unit and refuses to
rent the other three units to students because of their national origin.
23.A tenant signs a one-year lease. Four months later the owner sells the
property to a third party, who wants to move in immediately. Which is
correct? - ANSWER ✓ The new owner takes ownership subject to the lease
and must wait until the lease ends to move in.
24.Which of the following is true concerning federal fair house law? -
ANSWER ✓ Enforcement may be brought about by filing a complaint with
the Dept. of the Housing and Urban Development.
25.A landowner is negotiating the lease of his land to a developer who wants to
build a mall there. They should use a:
a. gross lease
