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 ...
DC Real Estate Exam Questions and
Answers
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 within....of completing education - Answer-1 year
Salespersons must activate license within... - Answer-6 months of passing
Can keep license on inactive for how many years - Answer-5
How much CE during how many years - Answer-15 hours every 2 years (9 are required
topics)
License for sales people expire when - Answer-August 31st in odd years
If buyer wants real estate professional to act as his or her agent without monetary
obligations to seller, must use this contract - Answer-Buyer-Broker Agreement
Violation of code of ethics how much per violation?
If convicted by superior court?
Corporations fined what?
Hearing must be scheduled between
Files false document with mayor? - Answer-$2,500
$2,500 and 1 year in prison
$5,000 per violation
30 and 60 days
$3,000 and 1 year in prison
Keep records for how long? - Answer-3 years
Have to tell commission of criminal judgment within?
Broker has to return terminated license within?
Change of business address? - Answer-15 days
15 days
15 days
Brokers must provide DREC with name and address of financial institution etc. within
(for escrow account) - Answer-14 days of opening account
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