Dcrec - Study guides, Class notes & Summaries
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DC Real Estate Laws Exam Questions & Answers Correct 100%
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DCREC - Answer Real Estate law in DC is created bt City Council and enforced by the District of Columbia Real Estate Commision (DCREC) 
 
DCREC job - Answer - Creates the *rules and regulations* concerning real property and land interest including condos, co-ops, leases, and time-share 
 
- Has the authority to *issue and revoke licenses*, implement DC law, and establish a code of conduct 
 
- *Approves schools* and training center, sets licensing fees, and administers the Real Estate Guaranty F...
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DC Real Estate Law Exam Already Solved 100%
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Real estaet law in DC is created by___________and enforced by_____________ - Answer City Council; DC Real Estate Commission 
 
The DC Real Estate Commission is part of the________________________ - Answer DC Department of Consumer and Regulatory Affairs 
 
DCREC... - Answer creates the rules and regulations concerning real property and land interests including condos, co-ops, leases and time shares 
 
The DC Real Estate Commission has the authority to (3 things) - Answer 1. Issue or revoke licen...
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DC Real Estate Law quiz 1 || Passed!!
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A broker's license could be revoked for which of the following? correct answers Quoting a price below the listed price to a prospective purchaser. 
 
Members of the Real Estate Commission include: correct answers 2 licensed salespersons with at least 5 years experience 
 
One day after an exclusive right-to-sell listing agreement has expired, a salesperson who works for the listing broker buys the property. Which of the following is true in this situation? correct answers This is proper providi...
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DC Real Estate Test Prep Questions and Answers
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Minimum and Maximum Balance of the Guaranty & Education Fund $1,040,000 
$5,000,000 
 
The certificate filed with the Real Estate Commission to license a real estate partnership must contain all of the following The names of the partners, 
The residence address of all partners 
The percentage of each partners ownership 
 
Misreprentation of a material fact which results in a loss is fraud 
 
If you do not agree with a penalty imposed by the DC Real Estate Commission, as a licensee you can Appeal...
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DC Real Estate Law questions with 100% correct & verified answers
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DC Real Estate Law is created by 
The City Council and is enforced by the DCREC 
 
 
 
Commission consists of how many members? 
9 members 
 
 
 
Commission members are appointed by the? 
Mayor with the advice and consent of the DC City Council 
 
 
 
Goal of the Commission 
To protect the public from incompetent and fraudulent practices 
 
 
 
Commission member consists of? 
3 Brokers, 2 Salespersons, 2 Property Managers, 1 Real Estate Attorney, 1 Consumer Member 
 
 
 
Commission Member Terms ...
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DC Real Estate Law Exam 100% Correct
- Exam (elaborations) • 9 pages • 2023
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DC Real Estate Law is created by - Answer The City Council and is enforced by the DCREC 
 
Commission consists of how many members? - Answer 9 members 
 
Commission members are appointed by the? - Answer Mayor with the advice and consent of the DC City Council 
 
Goal of the Commission - Answer To protect the public from incompetent and fraudulent practices 
 
Commission member consists of? - Answer 3 Brokers, 2 Salespersons, 2 Property Managers, 1 Real Estate Attorney, 1 Consumer Member 
 
Comm...
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DC Real Estate Law 2023/2024 Update with Complete Solutions(RATED A)
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DC Real Estate Law is created by - ANSWER-The City Council and is enforced by the DCREC 
 
Commission consists of how many members? - ANSWER-9 members 
 
Commission members are appointed by the? - ANSWER-Mayor with the advice and consent of the DC City Council 
 
Goal of the Commission - ANSWER-To protect the public from incompetent and fraudulent practices 
 
Commission member consists of? - ANSWER-3 Brokers, 2 Salespersons, 2 Property Managers, 1 Real Estate Attorney, 1 Consumer Member 
 
Comm...
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D.C. Real Estate License Law, Fair Housing Laws, D.C. Residential Property Laws questions and answers
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Real Estate Law in D.C. is created by; 
City Council 
 
 
 
Real Estate Law in D.C. is enforced by; 
D.C. Real Estate Commission (DCREC), part of D.C. Department of Consumer & Regulatory Affairs. 
DO NOT CONFUSE with GCAAR (Greater Capital Area Association of Realtors 
 
 
 
DCREC has the authority to; 
issue or revoke licenses, implement D.C. law, and establish and enforce a Code of Ethics for real estate brokers, associate brokers, salespeople, and property managers. DCREC also approves school...
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DC Real Estate Laws 2022/2023 With Complete Solutions
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DCREC 
Real Estate law in DC is created bt City Council and enforced by the District of Columbia Real Estate Commision (DCREC) 
 
 
 
DCREC job 
- Creates the rules and regulations concerning real property and land interest including condos, co-ops, leases, and time-share 
 
- Has the authority to issue and revoke licenses, implement DC law, and establish a code of conduct 
 
- Approves schools and training center, sets licensing fees, and administers the Real Estate Guaranty Fund. 
 
- Protect ...
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DC Real Estate Law exam questions with complete verified solutions
- Exam (elaborations) • 6 pages • 2023
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Purpose of the DC Real Estate Commission 
To protect the public from incompetent and fraudulent practices 
 
 
 
Commission Members 
9 members. 
3 real estate brokers. 
2 salespersons. 
2 Property Managers. 
1 attorney. 
1 consumer member. 
 
 
 
Commission terms 
3 years. Max of 3 consecutive 3 year terms 
 
 
 
commission membership Requirements 
Active license in DC. Actively engaged in their field at least for the 5 years prior to appointment and remain active during appointment. 
Do no rece...
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