Questions and CORECT Answers
Dean's brokerage firm adopted an electronic transaction management system. Which of the
following statements is true about brokerage policies related to the system? - CORRECT
ANSWER - System permissions are on a need-to-know basis and passwords are required.
Mary's been a salesperson in DC for two years. She's currently building her own professional
website. In addition to her broker's contact information, what must she include on the site per DC
real estate advertising guidelines? - CORRECT ANSWER - An online disclosure
Amanda helps her neighbor sell his DC home by assisting with negotiations. She receives no
compensation for her assistance. Based on this one transaction, Amanda ______. - CORRECT
ANSWER - Doesn't need a real estate license
Licensee Enzo just received a letter from the DC commission with an invoice for $50 for the
guaranty and education fund. What must have happened to have triggered this request for funds?
- CORRECT ANSWER - The fund dipped below a minimum balance amount
You've listed a DC property, and the most interested buyer happens to be your cousin. What are
you required to do next? - CORRECT ANSWER - Disclose the family relationship to your
seller.
A buyer that Lydia worked with last year filed a complaint regarding her service, and she's now
preparing for a hearing with the DC Real Estate Commission. The commission could ask her to
participate in ______ prior to the hearing. - CORRECT ANSWER - A settlement
conference.
Who or which entity administers the DC Real Estate Guaranty and Education Fund? -
CORRECT ANSWER - The real estate commission
Jason is the broker of record for Desert Realty which has a main office in Sunburst. Jason is
opening a branch office in Garnet which will be managed by a licensed associate broker named
, Kendra so that Jason can continue to work out of the Sunburst office. Which best describes the
requirements for licenses at these offices? - CORRECT ANSWER - Jason's license must
be displayed at the Sunburst and Garnet offices; Kendra's license must be displayed at the Garnet
office
A DC agent practices dual agency without informed consent. This is ______. - CORRECT
ANSWER - Illegal
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
DC owners Cassandra and Matt want to do some renovations to their historic property. They
submitted a permit application to the mayor's office. Who is responsible for actually reviewing
their request? - CORRECT ANSWER - The mayor's agent for historic preservation
In DC, which type of licensee must renew their license by February 28 in odd years? -
CORRECT ANSWER - Broker
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) ________. -
CORRECT ANSWER - Summary suspension
Jameson is auditing a list of broker applications in DC. He wants to make sure that everyone who
applied to take the broker's exam has the correct qualifications. Which of the following
applicants would NOT be eligible for a broker's license? - CORRECT ANSWER -
Annette, a real estate salesperson who has four years of real estate experience and has completed
60 hours of broker real estate courses
In DC, real estate salesperson licenses must be renewed every two years in odd years by which
date? - CORRECT ANSWER - August 31