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DC REAL ESTATE EXAM QUESTIONS WITH 100% CORRECT ANSWERS..

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DC REAL ESTATE EXAM QUESTIONS WITH 100% CORRECT ANSWERS

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L Enfant Trust


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Owners of properties can voluntarily enter the trust which is an
enforceable promise that binds them and future owners. States that no
change can be made to exterior of property without consent of the L
Enfant Trust or they can put a cloud on the title. Owners selling under the
trust must disclose this fact.




Condo conversions also require a public offering statement, and ___ days before the
conversion begins, advance notice to vacate must be provided to tenants. During the
first __ days tenants have exclusive right to purchase their unit, if they don't enter a
purchase contract then the second __ days the subtenants can purchase.


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, 120 and 60 and 60




Civil penalties for discrimination range from ___ to ___ which must be paid to the district
government.


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$10,000 - $50,000




Escrow accounts earn interest from the ____st day to the day the transaction is
completed or terminated.


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91




Online disclosures must include:


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Firm's licensed name, city/state of main office, jurisdiction(s) in which the
firm holds a license.




Electronic documents are permissible per the _____


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, Uniform Electronic Transactions (UET)




TOPA: Individuals have ___ days to deliver the statement of interest.


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22




If an agency agreement doesn't have a termination date, they terminate __ days after
the brokerage relationship began.


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90




The ____ is an informal alliance with all historic preservation groups.


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Historic Districts Coalition




Earnest money must be placed in an escrow fund within ___ days of receipt.


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