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Exam (elaborations)

Dc Real Estate Legislation And Regs Exam 2025 Questions And Answers

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DC REAL ESTATE LEGISLATION AND REGS EXAM 2025 QUESTIONS AND ANSWERS

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DC REAL ESTATE LEGISLATION
AND REGS EXAM 2025 QUESTIONS
AND ANSWERS


Property Manager Eligibility Requirements - ....ANSWER ...-Able to read,

write, and understand English


Real Estate Broker Practice - ....ANSWER ...-May engage in building

housing and selling housing, or may sell or negotiate the sale of any lot in any

subdivision of land comprising of 5 or more lots.


Agent Eligibility Requirements - ....ANSWER ...-1. Able to read, write, and

understand English

2. Is a high school graduate or GED holder

3. Has successfully completed course of study (60 hours) prescribed by the

Commission at an approved school.




....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1

,Certain Representations Prohibited - ....ANSWER ...-Unless licensed in DC,

no person may use the title "real estate salesperson (R.E.S.)" or any other device

that would indicate the the person is a licensed real estate salesperson in DC.


Exemptions from Licensure Requirement - ....ANSWER ...-No license

necessary if:

2. Any owner or lessor of real estate performing real estate salesperson duties in

the course of regular management of their property.

3. Any trustee or auctioneer acting in a mortgage, deed of trust, or similar

instrument securing the payment of a debt.

4. Except for title companies, any bank, trust company, building and loan or

savings and loan association, or insurance company, having fiduciary interest when

the company is engaged.


Licensure of Real Estate Organizations - ....ANSWER ...-Every branch

office managed by a licensed real estate broker.


Broker Place of Business - ....ANSWER ...-b. When broker changes location,

must notify mayor within 15 days and replace licenses.

c. Failure results in suspension of license.

d. New licenses for unexpired term can be issued upon written request and

payment.


....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2

, Automatic Suspension of License through Affiliation - ....ANSWER ...-a.

When broker's license is suspended, salespersons must return licenses within 15

days. Cannot perform in this time.

b. When salesperson terminated, licensee will inform former employee that license

was returned to Mayor within 15 days.

c. When salesperson terminated, salesperson's duty to notify Mayor within 15 days.


Fiduciary Duties Representing a Seller - ....ANSWER ...-Disclose to seller

material facts related to the property which the licensee has actual knowledge.

General Provisions Governing Disclosure of Brokerage Relationships -

....ANSWER ...-a. If not defined, brokerage relationship 90 days.


c. Licensee will disclose to client brokerage relationship with prospective nonclient

buyer or seller.

d. If not specified, will disclose brokerage relationship to non-client landlord or

tenant prior to signing lease. Does not apply to homes for lease terms less than 2

months.

f. Copies of any disclosures shall be kept for 3 years.


Prohibited Acts - I - ....ANSWER ...-Fines not to exceed $2,500 for:


(1) Made any substantial misrepresentation.




....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3

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