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Quiz_________________?
A buyer that Lydia worked with last year filed a complaint regarding her service, and she's
now preparing for a hearing with the DC Real Estate Commission. The commission could
ask her to participate in ______ prior to the hearing.
A civil proceeding
Arbitration
A settlement conference
Mediation -
Answer✅
A settlement conference
Quiz_________________?
A DC apartment complex is being converted to condominiums. Advance notice of _____
must be provided to existing tenants and subtenants.
120 days
1
, 180 days
30 days
60 days -
Answer✅
120 days
Quiz_________________?
A DC broker discloses to a potential buyer that she's not only the listing agent, but also the
owner of the property the buyer's interested in. She makes this disclosure of personal
interest because ______.
It is required under DC law
It will give her the upper hand in negotiations
The buyer expressed an interest in becoming a real state licensee
This tactic will usually make buyers offer more money -
Answer✅
It is required under DC law
Quiz_________________?
A DC buyer entered into a purchase agreement with a seller for a single-family property. At
the time of execution, the seller has not provided the property disclosure form. Which of
these is an action the buyer could take?
2
, The buyer can terminate the agreement if the disclosure form becomes inaccurate after it
was delivered by the seller.
The buyer can terminate the agreement, in writing, at any point before settling the sale.
The buyer can terminate the agreement, in writing, no more than five business days after
receiving the disclosure.
The buyer can terminate the agreement, in writing, no more than five calendar days after
receiving the disclosure. -
Answer✅
The buyer can terminate the agreement, in writing, no more than five calendar days after
receiving the disclosure.
Quiz_________________?
A DC condo seller provided the required condo documents and disclosures on the seventh
business day after purchase contract ratification. If the buyer chooses to cancel the
agreement, within how many days must the buyer act?
10 business days
30 business days
Because the seller provided the documents within the required timeframe, the buyer cannot
cancel the contract.
Three business days
3
, (Buyers have three days from the date condo documentation and statements are received
to cancel the contract.) -
Answer✅
Three business days
Quiz_________________?
A DC consumer was awarded a judgment from a real estate licensee. The consumer has
been unable to collect the judgment and wishes to seek payment from the Guaranty and
Education Fund. When must she submit her claim?
Within 12 months from the date of the violation that resulted in the judgment
Within 12 months from the date the judgment became final
Within 12 months from the last day the consumer sought payment from the licensee
Within 12 months of the licensee's last renewal date -
Answer✅
Within 12 months from the date the judgment became final
Quiz_________________?
A DC landlord would like to offer a rental unit for sale. Which of these parties must be
given the first opportunity to purchase the unit?
Current tenants of the unit and building
The general public
4
Quiz_________________?
A buyer that Lydia worked with last year filed a complaint regarding her service, and she's
now preparing for a hearing with the DC Real Estate Commission. The commission could
ask her to participate in ______ prior to the hearing.
A civil proceeding
Arbitration
A settlement conference
Mediation -
Answer✅
A settlement conference
Quiz_________________?
A DC apartment complex is being converted to condominiums. Advance notice of _____
must be provided to existing tenants and subtenants.
120 days
1
, 180 days
30 days
60 days -
Answer✅
120 days
Quiz_________________?
A DC broker discloses to a potential buyer that she's not only the listing agent, but also the
owner of the property the buyer's interested in. She makes this disclosure of personal
interest because ______.
It is required under DC law
It will give her the upper hand in negotiations
The buyer expressed an interest in becoming a real state licensee
This tactic will usually make buyers offer more money -
Answer✅
It is required under DC law
Quiz_________________?
A DC buyer entered into a purchase agreement with a seller for a single-family property. At
the time of execution, the seller has not provided the property disclosure form. Which of
these is an action the buyer could take?
2
, The buyer can terminate the agreement if the disclosure form becomes inaccurate after it
was delivered by the seller.
The buyer can terminate the agreement, in writing, at any point before settling the sale.
The buyer can terminate the agreement, in writing, no more than five business days after
receiving the disclosure.
The buyer can terminate the agreement, in writing, no more than five calendar days after
receiving the disclosure. -
Answer✅
The buyer can terminate the agreement, in writing, no more than five calendar days after
receiving the disclosure.
Quiz_________________?
A DC condo seller provided the required condo documents and disclosures on the seventh
business day after purchase contract ratification. If the buyer chooses to cancel the
agreement, within how many days must the buyer act?
10 business days
30 business days
Because the seller provided the documents within the required timeframe, the buyer cannot
cancel the contract.
Three business days
3
, (Buyers have three days from the date condo documentation and statements are received
to cancel the contract.) -
Answer✅
Three business days
Quiz_________________?
A DC consumer was awarded a judgment from a real estate licensee. The consumer has
been unable to collect the judgment and wishes to seek payment from the Guaranty and
Education Fund. When must she submit her claim?
Within 12 months from the date of the violation that resulted in the judgment
Within 12 months from the date the judgment became final
Within 12 months from the last day the consumer sought payment from the licensee
Within 12 months of the licensee's last renewal date -
Answer✅
Within 12 months from the date the judgment became final
Quiz_________________?
A DC landlord would like to offer a rental unit for sale. Which of these parties must be
given the first opportunity to purchase the unit?
Current tenants of the unit and building
The general public
4
