ver ifi ed solution s (Guar an teed
Success )
Who appoints members of the DC Real Estate Commission?
The commission executive director
The DC Council chairperson
The mayor
The outgoing commissioners - answer 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. -
answer 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 - answer 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 - answer 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 - answer 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. - answer Seek out the best terms for
one's client.