Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers 100% Correct

Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers 100% Correct
Question: 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
Correct answer: b. bill of sale
Question: When Ben dies, what kind of interest does Will
receive?
A. Fee Simple Estate
B. Life Estate
C. Remainder Interest
D. Reversionary Interest
Correct answer: A. Fee Simple Estate
Question: A buyer accepts a general warranty deed from a
seller, believing that the seller is the sole owner of the
property. The buyer later finds out that the seller is only a coowner. Has a covenant in the general warranty deed been
violated?
A. No, the only covenant in a general warranty deed promises
that the previous owner didn't encumber the property
B. No, the principle of caveat emptor controls matters
concerning a deed
C. Yes, there is a covenant providing equitable title
D. Yes, there is a covenant providing marketable title
Correct answer: D. Yes, there is a covenant providing
marketable title

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