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DC REAL ESTATE EXAM 1.1 QUESTIONS WITH 100% CORRECT ANSWERS

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DC REAL ESTATE EXAM 1.1 QUESTIONS WITH 100% CORRECT ANSWERS

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What's the purpose of a suit to quiet title?


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To remove or modify clouds on a title

(If a suit to quiet title is filed, evidence is submitted to a judge for review.
The judge will either remove or modify the cloud.)




The zoning ordinances changed 10 years after Stan built his home, and it was
grandfathered into the current zoning through nonconforming use. Now Stan is
selling the home. Which of the following is true regarding the new owners'
responsibilities to comply with zoning regulations?


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, They'll have to comply with the current zoning.




What form should be provided to borrowers no fewer than three days prior to
closing?


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Closing Disclosure




Which of the following statements about agents and the duty of obedience is true?


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An agent should carry out the client's instructions as long as they are within
the law.




According to the Telephone Consumer Protection Act guidelines, who or which entity
may call a person listed on the Do Not Call Registry?


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A business that has established a business relationship with the person

(The TCPA specifically permits a business to call consumers with whom the
business has an established business relationship, even if the consumer is
on the national Do Not Call Registry.)

, What can a wet environment with little air circulation do?


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Lead to mold growth




Marcos, the buyer's agent in a transaction, is required to do which of the following,
since he's also acting as the escrow agent?


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Place the buyer's earnest money into an escrow account at a DC financial
institution within seven days.




Which of the following individuals meets the eligibility requirements to apply for a real
estate salesperson license in D.C.?


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Johnathon, 35, recently completed the 60-hour qualifying course and
passed the licensing exam, but has no prior experience in the real estate
industry.




Which statement best describes a trade fixture?


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