DC State Portion Latest Exam 2025

Who appoints members of the DC Real Estate Commission? The commission executive director The DC Council chairperson The mayor The outgoing commissioners - Correct Ans-The mayor Jersey, a real estate licensee who lives in DC, inherited a 5% interest in a strip mall. Pete, her neighbor, saw a for sale sign at the strip mall and wants her to make an offer on the property on his behalf. Jersey considers her personal interest in the property too minor to bother disclosing it. Is this a violation of DC law? No. Jersey must disclose that the buyer is her neighbor, but she doesn't need to disclose her interest in the property. No. Jersey need not disclose unless she holds at least a 10% interest in a property. No. Jersey need not disclose unless she holds at least a 15% interest in a property. Yes. Jersey must disclose any interest she holds in a property. - Correct Ans-Yes. Jersey must disclose any interest she holds in a property. 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 ________. Fines Probation Retraining Suspension - Correct Ans-Retraining Phyllis has been working independently as a DC broker for six years and recently decided that she no longer wants to deal with the paperwork or insurance requirements. She's going to work as an associate broker for a colleague. What should she do next? Call the real estate commission secretary Courier a transfer application to the real estate commission Notify the commission via a letter sent by certified mail Submit a transfer application to the Division of Business and Professional Licensing - Correct Ans-Notify the commission via a letter sent by certified mail Which protected classes does DC's Human Rights Act add to those already protected under the federal Fair Housing Act? Age, marital status, personal appearance, sexual orientation, and gender identity or expression Age, marital status, personal appearance, sexual orientation, gender identity or expression, family responsibilities, matriculation, and political affiliation Age, sex, marital status, disability Sex, disability, and religion - Correct Ans-Age, marital status, personal appearance, sexual orientation, gender identity or expression, family responsibilities, matriculation, and political affiliation Which of these statutory duties of DC real estate licensees is included under the broader duty of promoting the client's best interests? Comply with all fair housing laws and regulations. Disclose any material facts. Seek out the best terms for one's client. Treat all parties honestly. - Correct Ans-Seek out the best terms for one's client. Dennis was surprised to learn that the DC Real Estate Commission isn't a completely independent body, but is instead under the administrative oversight of ________. The Better Business Bureau The DC Council The DC mayor The National Association of REALTORS® - Correct Ans-The DC mayor Serena is accused of commingling trust funds from two different clients. She has a hearing before the DC Real Estate Commission next week. If she is found guilty of two separate license law violations, what is the maximum civil penalty that can be imposed on her? $10,000 fine $20,000 fine $5,000 fine No fine - Correct Ans-$10,000 fine Karen just received her real estate license in DC. She must renew her license on August 31, 2019. What kind of license does Karen have? Associate broker Broker Managing broker Salesperson - Correct Ans-Salesperson What is the current per-licensee maximum that can be collected from the DC Real Estate Guaranty and Education Fund? $20,000 $25,000 $35,000 $50,000 - Correct Ans-$50,000 In which of the following scenarios is a DC Seller's Disclosure Statement required? Beth is selling a duplex. Haley is selling a 12-unit midrise apartment building. Jaime is selling a building with three outpatient surgical suites. Mina is selling warehouse facility. - Correct Ans-Beth is selling a duplex. What administrative office uses planning, protection, and public education to promote stewardship of DC's historic properties? Historic Preservation Office Office of Community Affairs Office of Tax and Revenue Office of the City Administrator - Correct Ans-Historic Preservation Office Reba is selling a three unit property and makes an offer of sale to the tenants. Within how many days must the tenants submit a statement of interest to exercise their right to purchase? 15 days if the tenants are collectively exercising the right, an additional seven days if tenants are acting individually 30 days if the tenants are collectively exercising the right, an additional 15 days if tenants are acting individually 60 days if the tenants are collectively exercising the right, an additional 30 days if tenants are acting individually Seven days if the tenants are collectively exercising the right, an additional seven days if tenants are acting individually - Correct Ans-15 days if the tenants are collectively exercising the right, an additional seven days if tenants are acting individually As a DC licensee, which one of the following questions can Maya answer while providing reasonable skill and care to her clients? Do the wood shavings outside the basement window mean there are termites in the home? Is the mold in the basement the dangerous kind? What are the property taxes for this property? Will an investment in this property lower my income taxes? - Correct Ans-What are the property taxes for this property? Which of the following statements about earnest money in DC is true? Earnest money is rarely the subject of lawsuits against real estate licensees and their brokers. Earnest money must be placed in an escrow account within seven days of receipt. The amount of earnest money is non-negotiable. The seller specifies the amount of earnest money the buyer will deposit and when the deposit will be made. - Correct Ans-Earnest money must be placed in an escrow account within seven days of receipt. Broker Betsy has five salespersons working under her supervision. Whose license must be displayed in the brokerage office? Betsy's license must be displayed, as well as the licenses of the five salespersons None are required to be displayed Only Betsy's license is required to be displayed; none of the other licenses need to be retained Only the licenses of the five salespersons must be displayed - Correct Ans-Betsy's license must be displayed, as well as the licenses of the five salespersons Jason is the broker of record for Desert Realty which has a main office in Sunburst. Jason is opening a branch office in Garnet which will be managed by a licensed associate broker named Kendra so that Jas