DC Broker Exam || Questions with 100% correct solutions.

Chinese drywall is a problem because: correct answers defective material that emitted sulfurous gases and volatile chemicals. The Real Estate Board correct answers In the District of Columbia, the real estate license law is administered by By the Mayor correct answers How are the members of the Real Estate Board selected? The Real Estate Board has the authority to correct answers make and enforce the rules by which all real estate licensees must abide The Real Estate Board may undertake an investigation of a licensee based on all of the following EXCEPT correct answers a random selection of licensees An unlicensed individual who engages in activities for which a real estate license is required is subject to which of the following penalties? correct answers Civil penalty of $10,000 in addition to other penalties provided by law In the District of Columbia, which of the following is legal and not grounds for license revocation? correct answers Agreeing with a seller to accept a listing for more than the normal commission rate. Property Management correct answers service that typically includes finding tenants, collecting rents, and maintaining the property Brokerage correct answers the service of bringing buyers and sellers together National Association of REALTORS correct answers a large professional organization for the real estate industry Appraisal correct answers estimating the market value of real estate Education correct answers providing instruction to both the general public and real estate professionals Mechanic's Lien correct answers is a statutory product. The law states that there must be a written, signed contract between the owner and the contractor for the contractor, subcontractors or material supplies to have a right to a ______________________ 90 days after the material is supplied correct answers to claim a mechanic's lien for materials supplied, a supplier must file a notice of the lien in the public record within A reasonable time correct answers How soon must deeds of conveyance be recorded after closing?