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DC REAL ESTATE LICENSING LAWS AND REGULATIONS QUESTIONS WITH 100% CORRECT ANSWERS

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DC REAL ESTATE LICENSING LAWS AND REGULATIONS QUESTIONS WITH 100% CORRECT ANSWERS

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Where do brokers display the license certificates of their affiliated licensees?


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Brokers display the license certificates of their affiliated licensees
(salesperson or associate broker) in a conspicuous place in the office
where the affiliated licensees work.




Currently, the DC Real Estate Commission is made up of how many members?


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The DC Real Estate Commission has 9 members.

,"Associate real estate broker"


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means any person licensed under this subchapter as a broker who is
employed by a real estate broker, franchise firm, association, business, or
corporation, but who is not a partner, an officer, or a principal broker within
a licensed legal entity. [DC Code §47-2853.182(d)].




Name two required CE courses.


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3 hours of legislative updates, agency, ethics, financial updates, or any
other topic considered important by the Commission.




"Real estate salesperson"


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means any person employed by a licensed real estate broker to manage or
lease; rent or offer to lease or rent; list for sale, sell, or offer for sale; buy or
offer to buy; negotiate the purchase or sale, or exchange of real estate; or
to negotiate a loan on real estate. [DC Code §47-2853.171].




Constitutional law


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, consists of a body of rules created by federal and state constitutions.

The prime example of constitutional law is the United States Constitution,
which is one of the most respected and honored documents ever written.


The Bill of Rights in 1789 ratified the U.S. Constitution with the support of
the original thirteen states. The Bill of Rights is the name given to the first
ten amendments made to the original Constitution.

The Constitution is the supreme law of the land and has experienced many
changes over the nation's history. Changes to the Constitution itself take
place by an amendment ratified by two-thirds of each house of Congress
and then approved by three-fourths of the state legislatures.

The Constitution sets forth the three principal branches of the federal
government, outlines its jurisdictions, and expresses the basic rights of U.S.
citizens. The powers not delegated to the United States by the Constitution
are reserved to the states. The United States Constitution is the standard
against which all other laws must be judged.


The Constitution consists of a preamble, seven original articles, and twenty-
seven amendments. Some of these amendments are of importance to
property ownership.




Which individuals are exempt from the licensing requirement?


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Attorneys-at-law in the ordinary practice of their profession.

Administrative assistants working in a brokerage office.


Individuals owning and managing their own real estate.

, What real estate activities can a salesperson perform if his or her license expires?


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He or she must cease all real estate activities.




List 5 individuals or entities that are exempt from obtaining a real estate license in DC.


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