ACCURATE COMPLETE SOLUTIONS
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Which of these reasons for a rent increase in DC is allowable annually and does not
require a petition to increase?
Mortgage interest rates have increased
The Consumer Price Index has increased
The landlord wants to buy a boat
The property has gone into foreclosure - Correct Answer ✔✔ The Consumer Price
Index has increased
When will a property manager license issued in DC in November 2023 expire?
February 28, 2025
January 1, 2025
One year from the date issued
Two years from the date issued - Correct Answer ✔✔ February 28, 2025
Which one of the following duties requires the property manager to meet with
contractors to obtain bids for repairs and upgrades?
Handle move-outs/move-ins.
Maintain the property.
Perform a market analysis.
Respond to tenant complaints. - Correct Answer ✔✔ Maintain the property.
The DC Housing Regulation Administration enforces the __________ Act of 1985.
Fair Housing
Non Discrimination
, Rental Housing
Rent Control - Correct Answer ✔✔ Rental Housing
What is the greatest percentage the rent can increase for DC tenants who are elderly or
disabled?
10
11
2
5 - Correct Answer ✔✔ 5
How can a DC real estate broker become dually licensed as a property manager?
Complete 15 CE credits
Pass an exam
Pay a fee
Pay a fee AND pass an exam - Correct Answer ✔✔ Pay a fee
Property manager licensees in DC must be at least ______ years old.
16
18
21
25 - Correct Answer ✔✔ 18
Lorenzo just received a prestigious fellowship to study abroad for a year! However, he
still has six months left on his one-year apartment lease. His landlord has given him
permission to draw up a new agreement with his sister Maggie, whereby Maggie will live
in the apartment, pay rent to Lorenzo, and then Lorenzo will pay the landlord. This is an
example of ______.
Assignment
Assimilation
Subleasing