DC Property, Real Estate bundled exams with complete solution

Management Plan - Answer-1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis - Answer-Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. ...

The DC commission can impose civil fines for license law violations. Each violation may garner a fine up to ______. - $5,000 Joan began a court case against a DC licensee who misrepresented a property, resulting in a financial loss for Joan. At this point, does Joan need to make any notifications...

Real estate law in DC created by... - Answer-City Council How many members in DREC? Terms run? - Answer-9 (3 brokers, 2 salespersons, 2 property managers, 1 attorney, 1 consumer not in real estate profession)--must be in field for 5 years 3 years (max 3 consecutive terms) Must take DC test with...

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? - Answer-5 years which entity provides budget and resource support to the DC real estate com...

In addition to disciplinary sanctions imposed by the DC Real Estate Commission, licensees may face a(n) ________ if the attorney general files for one in superior court. - Answer-Injunction How often do DC real estate licensees contribute to the Guaranty and Education Fund? - Answer-Upon initial ...

Management Plan - This describes in detail the subject property's current use along with its physical condition, fiscal projections, and any operational issues. It also includes an analysis of the market (both regional and neighborhood), the competing properties, as well as potential improvements...