DC Real Estate Exam Practice Test Questions and Correct Answers the Latest Update
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Module
DC Real Estate
Institution
DC Real Estate
Trina applied for inactive status for her DC broker's license when her son was
diagnosed with leukemia four years ago. How long does she have to reactivate
her license from the time it was made inactive?
5 years
which entity provides budget and resource support to the DC real estate
commis...
DC Real Estate Exam Practice
Test Questions and Correct Answers the
Latest Update
Trina applied for inactive status for her DC broker's license when her son was
diagnosed with leukemia four years ago. How long does she have to reactivate
her license from the time it was made inactive?
✓ 5 years
which entity provides budget and resource support to the DC real estate
commission?
✓ department of consumer and regulatory affairs
colin was found guilty of a minor violation of dc license law. the commission
decided that Colin needed remediation, which in this case likely includes _______
✓ retraining
several buyers attended Neil's open house last weekend. He made the DC
seller's disclosure statement available, but there is one person for whom he was
legally required to provide it. Who would that be?
✓ the buyer who emailed him about the property
Which protected classes does DC's Human Rights Act add to those already
protected under the federal fair housing act?
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✓ age, marital status, personal appearance, sexual orientation, gender identity or
expression, family responsibilities, matriculation, and political affiliation
The DC Real Estate Commission is under the administrative oversight
of__________
✓ The National Association of REALTORS
Who else can file a fair housing complaint?
✓ attorney general
Licensees must complete ______ hours of continuing education every two years
✓ 15
What is the current per-licensee maximum that can be collected from the DC
Real Estate Guaranty and Education Fund?
✓ $50,000
Carl lives in a 3 unit DC rental property owned by Margaret. Which of these is
the most inclusive statement about Carl's petition rights and responsibilities?
✓ Tenants have 7 days after the offer of the sale to request more information;
Margaret has 7 days to comply. The tenant organization has 15 days to file a
statement of interest; Carl has 7 days after that to file an individual petition
Simon is selling a 10 unit property. Within how many days from the offer of sale
must the tenants provide Simon with a statement of interest to purchase if a
tenant organization already exists?
✓ 30 days (bc tenant org already exists; if one doesn't exist it is 45 days)
mixing earnest money with personal funds
✓ commingling
How long must property owners or property managers keep a copy of a signed
DC lead disclosure form?
✓ 6 years
salesperson license renewal date
✓ august 31
broker license renewal date
✓ february 28
What is this an example of: Herve withdrew funds from the trust account to pay
the brokerage's rent
✓ conversion
How long do you have to keep the agency disclosure notice on file that you
collected early on in the transaction?
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