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DC Real Estate Exam questions with correct answers

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2022/2023 Written for academic year
Institution DC Real Estate
Course DC Real Estate
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Real estate law in DC created by... CORRECT ANSWER City Council How many members in DREC? Terms run? CORRECT ANSWER 9 (3 brokers, 2 salespersons, 2 property managers, 1 attorney, 1 consumer not in real estate profession) --must be in field for 5 years 3 years (max 3 consecutive terms) Must take DC test within.... of completing education CORRECT ANSWER 1 year Salespersons must activate license within... CORRECT ANSWER 6 months of passing Can keep license on inactive for how many years CORRECT ANSWER 5 How much CE during how many years CORRECT ANSWER 15 hours every 2 years (9 are required topics) License for sales people expire when CORRECT ANSWER August 31st in odd years If buyer wants real estate professional to act as his or her agent without monetary obligations to seller, must use this contract CORRECT ANSWER Buyer-Broker Agreement Violation of code of ethics how much per violation? If convicted by superior court? Corporations fined what? Hearing must be scheduled between Files false document with mayor? CORRECT ANSWER $2,500 $2,500 and 1 year in prison $5,000 per violation

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