DC Real Estate Exam Practice Test Questions and Correct Answers

DC Real Estate Exam Practice Test Questions and Correct 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