DC Real Estate Law UPDATED ACTUAL Exam Questions and CORECT Answers

DC Real Estate Law UPDATED ACTUAL
Exam Questions and CORECT Answers
DC Law 12-261 applies to - CORRECT ANSWER - regulated real estate professionals



Non-Health Related Act - CORRECT ANSWER - covers real estate licensees


In order to practice an occupation or profession in D.C., a person must have a valid - CORRECT
ANSWER - license, certification or registration criteria



Persons exempt from the provisions to practice real estate are: - CORRECT ANSWER -
D.C. of federal government employee or outside consultant


D.C. Code Section 47-2854 - CORRECT ANSWER - Regulates real estate brokers,
property managers and salespersons


D.C. Code 47-2853.5 - CORRECT ANSWER - D.C. or federal government employees
and outside consultant are not required to have a license while conducting real estate transactions


How many members make up a D.C. real estate board. - CORRECT ANSWER -9


3 Brokers


2 Salesperson


2 Property Managers


1 Attorney

, 1 Consumer


What is the term of a board member - CORRECT ANSWER - 3 full 3 year terms



The Board has the power to - CORRECT ANSWER - 1. Submit names of persons
qualified to serve on the board


2. Power to convene in committees smaller than the board to carry out specific functions


List of Board Committees - CORRECT ANSWER - legal, educational, examination



General Provisions of the Board - CORRECT ANSWER - Chairperson - the board has the
responsibility to elect it's chairperson


Board Meetings Per Year - 4


Quorum - to be a majority of board members and those present


What are the duties and responsibilities of the board - CORRECT ANSWER - 1. issue new
licenses


2. providing administrative support


3. investigating services


4. arranging for a hearing


5. budgetary services