and answers 2025\2026 A+ Grade
Property Manager Eligibility Requirements
- correct answer Able to read, write, and understand English
Real Estate Broker Practice
- correct answer May engage in building housing and selling housing, or may sell or negotiate the sale of
any lot in any subdivision of land comprising of 5 or more lots.
Agent Eligibility Requirements
- correct answer 1. Able to read, write, and understand English
2. Is a high school graduate or GED holder
3. Has successfully completed course of study (60 hours) prescribed by the Commission at an approved
school.
Certain Representations Prohibited
- correct answer Unless licensed in DC, no person may use the title "real estate salesperson (R.E.S.)" or
any other device that would indicate the the person is a licensed real estate salesperson in DC.
Exemptions from Licensure Requirement
- correct answer No license necessary if:
2. Any owner or lessor of real estate performing real estate salesperson duties in the course of regular
management of their property.
3. Any trustee or auctioneer acting in a mortgage, deed of trust, or similar instrument securing the
payment of a debt.
4. Except for title companies, any bank, trust company, building and loan or savings and loan
association, or insurance company, having fiduciary interest when the company is engaged.
, Licensure of Real Estate Organizations
- correct answer Every branch office managed by a licensed real estate broker.
Broker Place of Business
- correct answer b. When broker changes location, must notify mayor within 15 days and replace
licenses.
c. Failure results in suspension of license.
d. New licenses for unexpired term can be issued upon written request and payment.
Automatic Suspension of License through Affiliation
- correct answer a. When broker's license is suspended, salespersons must return licenses within 15
days. Cannot perform in this time.
b. When salesperson terminated, licensee will inform former employee that license was returned to
Mayor within 15 days.
c. When salesperson terminated, salesperson's duty to notify Mayor within 15 days.
Fiduciary Duties Representing a Seller
- correct answer Disclose to seller material facts related to the property which the licensee has actual
knowledge.
General Provisions Governing Disclosure of Brokerage Relationships
- correct answer a. If not defined, brokerage relationship 90 days.
c. Licensee will disclose to client brokerage relationship with prospective nonclient buyer or seller.
d. If not specified, will disclose brokerage relationship to non-client landlord or tenant prior to signing
lease. Does not apply to homes for lease terms less than 2 months.
f. Copies of any disclosures shall be kept for 3 years.
Prohibited Acts - I
- correct answer Fines not to exceed $2,500 for:
6. Accepting payment for real estate services from anyone other than licensed broker.
8. Representing other broker.
9. False advertising.
14. Using trademarks of real estate organization but non member.