DC Real Estate License 2024 Exam Questions & Answers Already Graded A+

In addition to disciplinary sanctions imposed by the DC Real Estate Commission, licensees may face a(n) ________ if the attorney general files for one in superior court. - Answer-Injunction How often do DC real estate licensees contribute to the Guaranty and Education Fund? - Answer-Upon initial licensure and at every license renewal Typically, a panel oversees a hearing for a DC license law violation rather than the full real estate commission. The hearing panel comprises at least how many commissioners? - Answer-Three DC license law allows the mayor to suspend a real estate license without a hearing if the licensee is an immediate danger to the public. When Brynn's client filed a complaint about missing trust funds, the mayor immediately suspended Brynn's license. This is called a(n) ________. - Answer-Summary Suspension The DC Real Estate Commission is overseeing a hearing for licensee Doug Jones, who was accused of mishandling both client and broker funds. The complainants are also talking to the DA about possible criminal charges. Civil fines are one thing, but if Doug is found guilty in a criminal proceeding, what maximum fine might he face? - Answer-$10,000 Kunal lost money due to his DC real estate agent's negligence, but he's not a candidate to submit a claim to the real estate guaranty fund. What's a likely reason why he's not a candidate? - Answer-His agent was his wife Darnell is a DC real estate licensee whose former client filed a complaint against him. The real estate commission may impose sanctions if he is found guilty of any violations. What other entity may pursue penalties against Darnell? - Answer-Attorney General Which of the following statements about condo/co-op conversions in DC is true? - Answer-Conversions require a tenant vote. Jaden, a DC licensee, presents his seller client with offers as soon as he receives them. What statutory duty is Jaden performing for his client? - Answer-Promote the client's best interests.Breanna is selling her DC condo in order to pay for grad school. Her father Stan has agreed to pay listing broker Martin's commission so that Breanna can use all of the equity in the condo. What is true about the relationships in this situation? - Answer-Martin represents Breanna only Which type of termite is most likely to cause damage to homes in DC? - Answer-Subterranean Termite Online advertising that contains a DC licensee's name must include an online disclosure. Which option best details the items required to be in this disclosure? - Answer-Name of affiliated firm, licensee's office location, jurisdiction where license is held Alyce worked as a DC real estate salesperson for three years before obtaining her broker's license last year. She was excited to learn about current vacancies on the real estate commission. For which of the following corresponding vacancies would Alyce be eligible? - Answer-None, because she doesn't have five years of professional experience Theodore was showing his buyer clients some homes in DC after he'd had lunch with a colleague. He was clearly under the influence of alcohol, and his clients were concerned and angry. They filed a complaint with the commission. Providing services while impaired is a very serious offense, so it's a good chance that Theodore will receive a ________ as a sanction. - Answer-Revocation The DC Real Estate Commission includes only one - Answer-Attorney DC licensees convicted of criminal charges may face up to a $10,000 fine, as well as ________. - AnswerUp to one year in jail Charmaine had her DC real estate license suspended after she neglected to tell her buyer clients about the documents and funds they would need for closing. Her suspension was a result of which type of disciplinable offense? - Answer-Incompetence