Which of the following statements about earnest money in DC is true?
Earnest money is rarely the subject of lawsuits against real estate licensees and their
brokers.
Earnest money must be placed in an escrow account within seven days of receipt.
The amount of earnest money is non-negotiable.
The seller specifies the amount of earnest money the buyer will deposit and when the
deposit will be made.
Give this one a try later!
Earnest money must be placed in an escrow account within seven days of
receipt.
,Jim would like to sell his own home. What is the minimum real estate license he must
possess?
Associate broker
Broker
None
Salesperson
Give this one a try later!
None
Jenna is a first-year real estate salesperson at a DC brokerage. She loves the
independence of the job and the ability to set her own schedule and marketing plan.
Which of the following can Jenna NOT do?
Create a budget.
Hire a personal assistant.
Negotiate a lease.
Supervise other salespersons.
Give this one a try later!
Supervise other salespersons.
,DC consumers who believe they are the victims of housing discrimination may file a
complaint with ______.
The Better Business Bureau
The DC Fair Housing Commission
Their real estate agent
The Office of Human Rights
Give this one a try later!
The Office of Human Rights
Hilary's business card identifies her as "R.E.B.," which is a ______.
Licensed real estate broker
Licensed salesperson
Real estate blogger
Real estate sales banker
Give this one a try later!
Licensed real estate broker
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
(Buyers have three days from the date condo documentation and statements are
received to cancel the contract.)
Give this one a try later!
Three business days
Which of the following statements about condo/co-op conversions in DC is true?
Conversions are illegal.
Conversions require a tenant vote.
Conversion to a co-operative may only be initiated by the tenants.
Conversion to condos is prohibited.
Give this one a try later!
Conversions require a tenant vote.
Earnest money is rarely the subject of lawsuits against real estate licensees and their
brokers.
Earnest money must be placed in an escrow account within seven days of receipt.
The amount of earnest money is non-negotiable.
The seller specifies the amount of earnest money the buyer will deposit and when the
deposit will be made.
Give this one a try later!
Earnest money must be placed in an escrow account within seven days of
receipt.
,Jim would like to sell his own home. What is the minimum real estate license he must
possess?
Associate broker
Broker
None
Salesperson
Give this one a try later!
None
Jenna is a first-year real estate salesperson at a DC brokerage. She loves the
independence of the job and the ability to set her own schedule and marketing plan.
Which of the following can Jenna NOT do?
Create a budget.
Hire a personal assistant.
Negotiate a lease.
Supervise other salespersons.
Give this one a try later!
Supervise other salespersons.
,DC consumers who believe they are the victims of housing discrimination may file a
complaint with ______.
The Better Business Bureau
The DC Fair Housing Commission
Their real estate agent
The Office of Human Rights
Give this one a try later!
The Office of Human Rights
Hilary's business card identifies her as "R.E.B.," which is a ______.
Licensed real estate broker
Licensed salesperson
Real estate blogger
Real estate sales banker
Give this one a try later!
Licensed real estate broker
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
(Buyers have three days from the date condo documentation and statements are
received to cancel the contract.)
Give this one a try later!
Three business days
Which of the following statements about condo/co-op conversions in DC is true?
Conversions are illegal.
Conversions require a tenant vote.
Conversion to a co-operative may only be initiated by the tenants.
Conversion to condos is prohibited.
Give this one a try later!
Conversions require a tenant vote.
