DC Real Estate Exam Practice Test
UPDATED ACTUAL Exam Questions and
CORECT Answers
Trina applied for inactive status for her DC broker's license when her son was diagnosed with
leukemia four years ago. How long does she have to reactivate her license from the time it was
made inactive? - CORRECT ANSWER - 5 years
which entity provides budget and resource support to the DC real estate commission? -
CORRECT ANSWER - department of consumer and regulatory affairs
colin was found guilty of a minor violation of dc license law. the commission decided that Colin
needed remediation, which in this case likely includes _______ - CORRECT ANSWER -
retraining
several buyers attended Neil's open house last weekend. He made the DC seller's disclosure
statement available, but there is one person for whom he was legally required to provide it. Who
would that be? - CORRECT ANSWER - the buyer who emailed him about the property
Which protected classes does DC's Human Rights Act add to those already protected under the
federal fair housing act? - CORRECT ANSWER - age, marital status, personal
appearance, sexual orientation, gender identity or expression, family responsibilities,
matriculation, and political affiliation
The DC Real Estate Commission is under the administrative oversight of__________ -
CORRECT ANSWER - The National Association of REALTORS
Who else can file a fair housing complaint? - CORRECT ANSWER - attorney general
Licensees must complete ______ hours of continuing education every two years - CORRECT
ANSWER - 15
, What is the current per-licensee maximum that can be collected from the DC Real Estate
Guaranty and Education Fund? - CORRECT ANSWER - $50,000
Carl lives in a 3 unit DC rental property owned by Margaret. Which of these is the most
inclusive statement about Carl's petition rights and responsibilities? - CORRECT
ANSWER - Tenants have 7 days after the offer of the sale to request more information;
Margaret has 7 days to comply. The tenant organization has 15 days to file a statement of
interest; Carl has 7 days after that to file an individual petition
Simon is selling a 10 unit property. Within how many days from the offer of sale must the
tenants provide Simon with a statement of interest to purchase if a tenant organization already
exists? - CORRECT ANSWER - 30 days (bc tenant org already exists; if one doesn't exist
it is 45 days)
mixing earnest money with personal funds - CORRECT ANSWER - commingling
How long must property owners or property managers keep a copy of a signed DC lead
disclosure form? - CORRECT ANSWER - 6 years
salesperson license renewal date - CORRECT ANSWER - august 31
broker license renewal date - CORRECT ANSWER - february 28
What is this an example of: Herve withdrew funds from the trust account to pay the brokerage's
rent - CORRECT ANSWER - conversion
How long do you have to keep the agency disclosure notice on file that you collected early on in
the transaction? - CORRECT ANSWER - 3 years
UPDATED ACTUAL Exam Questions and
CORECT Answers
Trina applied for inactive status for her DC broker's license when her son was diagnosed with
leukemia four years ago. How long does she have to reactivate her license from the time it was
made inactive? - CORRECT ANSWER - 5 years
which entity provides budget and resource support to the DC real estate commission? -
CORRECT ANSWER - department of consumer and regulatory affairs
colin was found guilty of a minor violation of dc license law. the commission decided that Colin
needed remediation, which in this case likely includes _______ - CORRECT ANSWER -
retraining
several buyers attended Neil's open house last weekend. He made the DC seller's disclosure
statement available, but there is one person for whom he was legally required to provide it. Who
would that be? - CORRECT ANSWER - the buyer who emailed him about the property
Which protected classes does DC's Human Rights Act add to those already protected under the
federal fair housing act? - CORRECT ANSWER - age, marital status, personal
appearance, sexual orientation, gender identity or expression, family responsibilities,
matriculation, and political affiliation
The DC Real Estate Commission is under the administrative oversight of__________ -
CORRECT ANSWER - The National Association of REALTORS
Who else can file a fair housing complaint? - CORRECT ANSWER - attorney general
Licensees must complete ______ hours of continuing education every two years - CORRECT
ANSWER - 15
, What is the current per-licensee maximum that can be collected from the DC Real Estate
Guaranty and Education Fund? - CORRECT ANSWER - $50,000
Carl lives in a 3 unit DC rental property owned by Margaret. Which of these is the most
inclusive statement about Carl's petition rights and responsibilities? - CORRECT
ANSWER - Tenants have 7 days after the offer of the sale to request more information;
Margaret has 7 days to comply. The tenant organization has 15 days to file a statement of
interest; Carl has 7 days after that to file an individual petition
Simon is selling a 10 unit property. Within how many days from the offer of sale must the
tenants provide Simon with a statement of interest to purchase if a tenant organization already
exists? - CORRECT ANSWER - 30 days (bc tenant org already exists; if one doesn't exist
it is 45 days)
mixing earnest money with personal funds - CORRECT ANSWER - commingling
How long must property owners or property managers keep a copy of a signed DC lead
disclosure form? - CORRECT ANSWER - 6 years
salesperson license renewal date - CORRECT ANSWER - august 31
broker license renewal date - CORRECT ANSWER - february 28
What is this an example of: Herve withdrew funds from the trust account to pay the brokerage's
rent - CORRECT ANSWER - conversion
How long do you have to keep the agency disclosure notice on file that you collected early on in
the transaction? - CORRECT ANSWER - 3 years
