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ROCKWELL EXAM REAL ESTATE CLASSES WA FINAL
EXAM 1 LATEST 2025 REAL EXAM COMPLETE 200
QUESTIONS AND CORRECT DETAILED (VERIFIED
ANSWERS) WITH RATIONALES |ALREADY GRADED A+
Five people buy an investment property. They take title so that
they each have equal ownership shares, and so that if one of
them dies, his share will pass to his heirs. How did they take title?
A. Community property
b. Joint tenancy
c. Tenancy in common
d. Term Tenancy ......ANSWER........c. Tenancy in common
What would cause a judgment lien to be imposed on a
landowner's property?
a. Foreclosure
b. Lawsuit
c. Unpaid construction project
d. Unpaid property taxes ......ANSWER........b. Lawsuit
Cluster zoning, which allows smaller lot sizes and reduced
frontages, is suitable if a development:
a. includes both commercial and residential uses
b. still has a density ratio consistent with the general plan
c. abuts a wetland or other sensitive site
d. abuts state-or city-owned land ......ANSWER........b. still has a
density ratio consistent with the general plan
A broker would need to have a securities license to participate
in:
a. a sale of both real and personal property
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b. a sale of a commercial building that is showing a profit
c. a transaction involving an investment contract
d. listing a property owned by a corporation ......ANSWER........c.
a transaction involving an investment contract
Buyer Perry would like to assume Seller
Joan's loan with ABC Mortgage Company,
in a way that would mean no further liability
for Joan. To accomplish this, Perry and
Joan should use a:
a. acknowledgement of the agreement from ABC Mortgage.
b. purchase contract signed by the buyer and seller
c. release of liability signed by the ABC Mortgage
d. release of liability signed by Joan ......ANSWER........c. release
of liability signed by the ABC Mortgage
A buyer who records a deed is giving:
a. constructive notice
b. actual notice
c. pending notice
d. statutory notice ......ANSWER........a. constructive notice
John leases a commercial property. In the
lease, he agrees to pay part of the utilities
and taxes, as well as a fixed monthly rent
amount, This is a:
a. net lease
b. percentage lease
c. ground lease
d. graduated lease ......ANSWER........a. net lease
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By what right would a railroad company acquire private land
necessary for a new railway line?
a. Partition action
b. Eminent domain
c. Suit in federal court
d. condemnation ......ANSWER........b. eminent domain
A real estate agent lists Harold's home, which he owns as a life
estate. Harold's children hold the remainder interest. Which of
the following is true?
a. someone who buys Harold's life estate receives only the
interest held by Harold
b. Harold's children need to sign the listing agreement
c. The buyer will automatically receive a fee simple absolute
interest
d. Since a life estate cannot be sold, the listing is invalid
......ANSWER........a. someone who buys Harold's life estate
receives only the interest held by Harold
The entity that determines the maximum number of people who
may legally live in a rental unit is the:
a. Department of Housing and Urban Development
b. state government
c. local health department and zoning authority
d. property owner ......ANSWER........c. local health department
and zoning authority
A borrower defaults on a mortgage. What does the acceleration
clause in the mortgage allow the lender to do?
a. Compel the borrower to sell the property and repay the debt
b. Demand immediate payment of the entire loan balance
c. Prevent the borrower from selling the property
ROCKWELL EXAM REAL ESTATE CLASSES WA FINAL
EXAM 1 LATEST 2025 REAL EXAM COMPLETE 200
QUESTIONS AND CORRECT DETAILED (VERIFIED
ANSWERS) WITH RATIONALES |ALREADY GRADED A+
Five people buy an investment property. They take title so that
they each have equal ownership shares, and so that if one of
them dies, his share will pass to his heirs. How did they take title?
A. Community property
b. Joint tenancy
c. Tenancy in common
d. Term Tenancy ......ANSWER........c. Tenancy in common
What would cause a judgment lien to be imposed on a
landowner's property?
a. Foreclosure
b. Lawsuit
c. Unpaid construction project
d. Unpaid property taxes ......ANSWER........b. Lawsuit
Cluster zoning, which allows smaller lot sizes and reduced
frontages, is suitable if a development:
a. includes both commercial and residential uses
b. still has a density ratio consistent with the general plan
c. abuts a wetland or other sensitive site
d. abuts state-or city-owned land ......ANSWER........b. still has a
density ratio consistent with the general plan
A broker would need to have a securities license to participate
in:
a. a sale of both real and personal property
,Page 2 of 29
b. a sale of a commercial building that is showing a profit
c. a transaction involving an investment contract
d. listing a property owned by a corporation ......ANSWER........c.
a transaction involving an investment contract
Buyer Perry would like to assume Seller
Joan's loan with ABC Mortgage Company,
in a way that would mean no further liability
for Joan. To accomplish this, Perry and
Joan should use a:
a. acknowledgement of the agreement from ABC Mortgage.
b. purchase contract signed by the buyer and seller
c. release of liability signed by the ABC Mortgage
d. release of liability signed by Joan ......ANSWER........c. release
of liability signed by the ABC Mortgage
A buyer who records a deed is giving:
a. constructive notice
b. actual notice
c. pending notice
d. statutory notice ......ANSWER........a. constructive notice
John leases a commercial property. In the
lease, he agrees to pay part of the utilities
and taxes, as well as a fixed monthly rent
amount, This is a:
a. net lease
b. percentage lease
c. ground lease
d. graduated lease ......ANSWER........a. net lease
, Page 3 of 29
By what right would a railroad company acquire private land
necessary for a new railway line?
a. Partition action
b. Eminent domain
c. Suit in federal court
d. condemnation ......ANSWER........b. eminent domain
A real estate agent lists Harold's home, which he owns as a life
estate. Harold's children hold the remainder interest. Which of
the following is true?
a. someone who buys Harold's life estate receives only the
interest held by Harold
b. Harold's children need to sign the listing agreement
c. The buyer will automatically receive a fee simple absolute
interest
d. Since a life estate cannot be sold, the listing is invalid
......ANSWER........a. someone who buys Harold's life estate
receives only the interest held by Harold
The entity that determines the maximum number of people who
may legally live in a rental unit is the:
a. Department of Housing and Urban Development
b. state government
c. local health department and zoning authority
d. property owner ......ANSWER........c. local health department
and zoning authority
A borrower defaults on a mortgage. What does the acceleration
clause in the mortgage allow the lender to do?
a. Compel the borrower to sell the property and repay the debt
b. Demand immediate payment of the entire loan balance
c. Prevent the borrower from selling the property
