DC EXAM PREP: STATUTORY REQUIREMENTS
GOVERNING THE ACTIVITIES OF LICENSEES
EXAM 2025 QUESTIONS AND ANSWERS
What does DC advertising include? - ....ANSWER ...--Business cards
-signs
-email
-websites
-instant messages (any electronic communication)
What are all ads subject to? - ....ANSWER ...-the principal broker's direct
supervision and approval, and must include either the registered broker or
brokerage's name and phone number.
If a salesperson or affiliate broker includes their name on an ad what else must
they include? - ....ANSWER ...-their affiliated brokerage's name and the
office's main phone number.
Online disclosures must include - ....ANSWER ...--firm's licensed name
-City/State where the main office is located
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,-Jurisdiction(s) in which the firm he or she is licensed
Advertising that contains the licensee's name must include the following in the
online disclosure: - ....ANSWER ...--name of the firm with which the
licensee is affiliated
-city/state where the licensee's office is located
-Jurisdiction(s) in which he or she is licensed.
What laws are regulations must DC brokers comply to - ....ANSWER ...--
display fair housing info.
-return terminated licensee licenses
-manage escrow monies
-maintain accurate transaction records
-compensate licensees
Displaying Licenses - ....ANSWER ...--Brokers must display their licenses at
the principal place of business and any branch offices; branch managers must
display their licenses at their branch offices.
-brokers must also display the licenses of all affiliated licensees.
Commissions - ....ANSWER ...--payment cannot be accepted from anyone
other than the licensee's principal broker
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
, -payment of compensation does not establish an agency relationship
-a written listing contract is required, and licensees shall not receive commission
without an agreement.
-the agreement must state the type of brokerage relationship, the broker's
compensation, and whether it will be shared with the buyer's agent.
-commission related violations may be subject to disciplinary action and fines up to
$2,500 per violation.
How long should transaction documents and agency disclosures be maintained? -
....ANSWER ...-3 years
Acceptable documents / delivery methods - ....ANSWER ...--regular or
registered mail
-hand delivery
-fax or email
-copies of the documents are acceptable.
who can escrow accounts be opened and managed by? - ....ANSWER ...-a
brokerage firm, a title insurance representative serving as a closing officer, or an
attorney.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
GOVERNING THE ACTIVITIES OF LICENSEES
EXAM 2025 QUESTIONS AND ANSWERS
What does DC advertising include? - ....ANSWER ...--Business cards
-signs
-websites
-instant messages (any electronic communication)
What are all ads subject to? - ....ANSWER ...-the principal broker's direct
supervision and approval, and must include either the registered broker or
brokerage's name and phone number.
If a salesperson or affiliate broker includes their name on an ad what else must
they include? - ....ANSWER ...-their affiliated brokerage's name and the
office's main phone number.
Online disclosures must include - ....ANSWER ...--firm's licensed name
-City/State where the main office is located
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,-Jurisdiction(s) in which the firm he or she is licensed
Advertising that contains the licensee's name must include the following in the
online disclosure: - ....ANSWER ...--name of the firm with which the
licensee is affiliated
-city/state where the licensee's office is located
-Jurisdiction(s) in which he or she is licensed.
What laws are regulations must DC brokers comply to - ....ANSWER ...--
display fair housing info.
-return terminated licensee licenses
-manage escrow monies
-maintain accurate transaction records
-compensate licensees
Displaying Licenses - ....ANSWER ...--Brokers must display their licenses at
the principal place of business and any branch offices; branch managers must
display their licenses at their branch offices.
-brokers must also display the licenses of all affiliated licensees.
Commissions - ....ANSWER ...--payment cannot be accepted from anyone
other than the licensee's principal broker
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
, -payment of compensation does not establish an agency relationship
-a written listing contract is required, and licensees shall not receive commission
without an agreement.
-the agreement must state the type of brokerage relationship, the broker's
compensation, and whether it will be shared with the buyer's agent.
-commission related violations may be subject to disciplinary action and fines up to
$2,500 per violation.
How long should transaction documents and agency disclosures be maintained? -
....ANSWER ...-3 years
Acceptable documents / delivery methods - ....ANSWER ...--regular or
registered mail
-hand delivery
-fax or email
-copies of the documents are acceptable.
who can escrow accounts be opened and managed by? - ....ANSWER ...-a
brokerage firm, a title insurance representative serving as a closing officer, or an
attorney.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
