EXAM 200 QUESTIONS WITH VERIFIED ANSWERS
(100% CORRECT ANSWERS) GRADED A+ | LATEST
2026/2027 VERSION.
"Karen just received her real estate license in DC. She must renew her license on August 31, 2025. What
kind of license does Karen have?
Associate broker
Broker
Managing broker
Salesperson - CORRECT ANSWER=> Salesperson"
"What is the current per-licensee maximum that can be collected from the DC Real Estate Guaranty and
Education Fund?
$20,000
$25,000
$35,000
$50,000 - CORRECT ANSWER=> $50,000"
"In which of the following scenarios is a DC Seller's Disclosure Statement required?
Beth is selling a duplex.
Haley is selling a 12-unit midrise apartment building.
Jaime is selling a building with three outpatient surgical suites.
Mina is selling warehouse facility. - CORRECT ANSWER=> Beth is selling a duplex."
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,"What administrative office uses planning, protection, and public education to promote stewardship of
DC's historic properties?
Historic Preservation Office
Office of Community Affairs
Office of Tax and Revenue
Office of the City Administrator - CORRECT ANSWER=> Historic Preservation Office"
"As a DC licensee, which one of the following questions can Maya answer while providing reasonable
skill and care to her clients?
Do the wood shavings outside the basement window mean there are termites in the home?
Is the mold in the basement the dangerous kind?
The seller specifies the amount of earnest money the buyer will deposit and when the deposit will be
made. - CORRECT ANSWER=> Earnest money must be placed in an escrow account within seven days of
receipt."
"Broker Betsy has five salespersons working under her supervision. Whose license must be displayed in
the brokerage office?
Betsy's license must be displayed, as well as the licenses of the five salespersons
None are required to be displayed
Only Betsy's license is required to be displayed; none of the other licenses need to be retained
Only the licenses of the five salespersons must be displayed - CORRECT ANSWER=> Betsy's license must
be displayed, as well as the licenses of the five salespersons"
"Reba is selling a three unit property and makes an offer of sale to the tenants. Within how many days
must the tenants submit a statement of interest to exercise their right to purchase?
15 days if the tenants are collectively exercising the right, an additional seven days if tenants are acting
individually
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,30 days if the tenants are collectively exercising the right, an additional 15 days if tenants are acting
individually
60 days if the tenants are collectively exercising the right, an additional 30 days if tenants are acting
individually
Seven days if the tenants are collectively exercising the right, an additional seven days if tenants are
acting individually - CORRECT ANSWER=> 15 days if the tenants are collectively exercising the right, an
additional seven days if tenants are acting individually"
What are the property taxes for this property?
Will an investment in this property lower my income taxes? - CORRECT ANSWER=> What are the
property taxes for this property?"
"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.
"Jason is the broker of record for Desert Realty which has a main office in Sunburst. Jason is opening a
branch office in Garnet which will be managed by a licensed associate broker named Kendra so that
Jason can continue to work out of the Sunburst office. Which best describes the requirements for
licenses at these offices?
Jason and Kendra's licenses must be displayed at the Garnet office
Jason and Kendra's licenses must be displayed at the Sunburst office
Jason's license must be displayed at the Sunburst and
Garnet offices; Kendra's license must be displayed at the
Garnet office
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