DC Real Estate State Portion Exam
Solved 100%
A buyer that Lydia worked with last year filed a complaint regarding her service, and
she's now preparing for a hearing with the DC Real Estate Commission. The
commission could ask her to participate in ______ prior to the hearing.
A civil proceeding
Arbitration
A settlement conference
Mediation - ANSWER-A settlement conference
A DC apartment complex is being converted to condominiums. Advance notice of _____
must be provided to existing tenants and subtenants.
120 days
180 days
30 days
60 days - ANSWER-120 days
A DC broker discloses to a potential buyer that she's not only the listing agent, but also
the owner of the property the buyer's interested in. She makes this disclosure of
personal interest because ______.
It is required under DC law
It will give her the upper hand in negotiations
The buyer expressed an interest in becoming a real state licensee
This tactic will usually make buyers offer more money - ANSWER-It is required under
DC law
A DC buyer entered into a purchase agreement with a seller for a single-family property.
At the time of execution, the seller has not provided the property disclosure form. Which
of these is an action the buyer could take?
,The buyer can terminate the agreement if the disclosure form becomes inaccurate after
it was delivered by the seller.
The buyer can terminate the agreement, in writing, at any point before settling the sale.
The buyer can terminate the agreement, in writing, no more than five business days
after receiving the disclosure.
The buyer can terminate the agreement, in writing, no more than five calendar days
after receiving the disclosure. - ANSWER-The buyer can terminate the agreement, in
writing, no more than five calendar days after receiving the disclosure.
A DC condo seller provided the required condo documents and disclosures on the
seventh business day after purchase contract ratification. If the buyer chooses to cancel
the agreement, within how many days must the buyer act?
10 business days
30 business days
Because the seller provided the documents within the required timeframe, the buyer
cannot cancel the contract.
Three business days
(Buyers have three days from the date condo documentation and statements are
received to cancel the contract.) - ANSWER-Three business days
A DC consumer was awarded a judgment from a real estate licensee. The consumer
has been unable to collect the judgment and wishes to seek payment from the Guaranty
and Education Fund. When must she submit her claim?
Within 12 months from the date of the violation that resulted in the judgment
Within 12 months from the date the judgment became final
Within 12 months from the last day the consumer sought payment from the licensee
Within 12 months of the licensee's last renewal date - ANSWER-Within 12 months from
the date the judgment became final
A DC landlord would like to offer a rental unit for sale. Which of these parties must be
given the first opportunity to purchase the unit?
Current tenants of the unit and building
,The general public
The Office of the Mayor
The property manager - ANSWER-Current tenants of the unit and building
A DC licensee is working with a buyer who is making an offer to purchase a property.
What should the licensee do immediately after the buyer signs the offer?
Provide a copy of the signed offer to the broker
Provide a copy of the signed offer to the buyer
Provide a copy of the signed offer to the buyer and seller
Provide a copy of the signed offer to the seller - ANSWER-Provide a copy of the signed
offer to the buyer
A DC property is part of The L'Enfant Trust. Which of these activities may be restricted?
Changing the exterior paint color of the property
Converting a study to a bedroom
Installing new kitchen cabinetry
Retrofitting the property with energy-efficient appliances - ANSWER-Changing the
exterior paint color of the property
A DC real estate licensee is assisting a buyer with a property purchase. What action
must the licensee take immediately after the buyer signs an agreement?
Deliver the agreement to the other party
Provide a copy of the signed agreement to the signing parties
Request an attorney review the signed agreement
Submit the agreement to the mayor for review - ANSWER-Provide a copy of the signed
agreement to the signing parties
A licensee includes this phrase in a listing: "The solar panels on this home eliminate
your electric bill." The panels reduce the electric bill, but hasn't eliminated it. This is an
example of ______.
Exaggeration
, Greenwashing
Puffery
Redlining - ANSWER-Greenwashing
A person performing real estate activities under the judgment or order of a court, such
as a trustee in a bankruptcy, is _______.
An exception to the real estate licensing requirement
Required to have a broker license
Required to have at least an associate broker license
Required to have at least a salesperson license - ANSWER-An exception to the real
estate licensing requirement
A prospective buyer has expressed interest in purchasing a house in DC. The property
was built in 1919, is located in a historic district, and has a leaky roof. Select the option
that best describes all the disclosures the buyer should receive
Lead-based paint disclosure and property condition disclosure that notes the roof leak
Lead-based paint disclosure and property condition disclosure that notes the roof leak
and location in a designated historic district
Property condition disclosure that notes the roof leak
Property condition disclosure that notes the roof leak and location in a designated
historic district - ANSWER-Lead-based paint disclosure and property condition
disclosure that notes the roof leak and location in a designated historic district
A salesperson or associate broker may perform real estate brokerage activities under
what circumstances?
In the absence of a broker
When requested to do so by a client
When they have two years of experience
While associated with and supervised by a broker - ANSWER-While associated with
and supervised by a broker
Solved 100%
A buyer that Lydia worked with last year filed a complaint regarding her service, and
she's now preparing for a hearing with the DC Real Estate Commission. The
commission could ask her to participate in ______ prior to the hearing.
A civil proceeding
Arbitration
A settlement conference
Mediation - ANSWER-A settlement conference
A DC apartment complex is being converted to condominiums. Advance notice of _____
must be provided to existing tenants and subtenants.
120 days
180 days
30 days
60 days - ANSWER-120 days
A DC broker discloses to a potential buyer that she's not only the listing agent, but also
the owner of the property the buyer's interested in. She makes this disclosure of
personal interest because ______.
It is required under DC law
It will give her the upper hand in negotiations
The buyer expressed an interest in becoming a real state licensee
This tactic will usually make buyers offer more money - ANSWER-It is required under
DC law
A DC buyer entered into a purchase agreement with a seller for a single-family property.
At the time of execution, the seller has not provided the property disclosure form. Which
of these is an action the buyer could take?
,The buyer can terminate the agreement if the disclosure form becomes inaccurate after
it was delivered by the seller.
The buyer can terminate the agreement, in writing, at any point before settling the sale.
The buyer can terminate the agreement, in writing, no more than five business days
after receiving the disclosure.
The buyer can terminate the agreement, in writing, no more than five calendar days
after receiving the disclosure. - ANSWER-The buyer can terminate the agreement, in
writing, no more than five calendar days after receiving the disclosure.
A DC condo seller provided the required condo documents and disclosures on the
seventh business day after purchase contract ratification. If the buyer chooses to cancel
the agreement, within how many days must the buyer act?
10 business days
30 business days
Because the seller provided the documents within the required timeframe, the buyer
cannot cancel the contract.
Three business days
(Buyers have three days from the date condo documentation and statements are
received to cancel the contract.) - ANSWER-Three business days
A DC consumer was awarded a judgment from a real estate licensee. The consumer
has been unable to collect the judgment and wishes to seek payment from the Guaranty
and Education Fund. When must she submit her claim?
Within 12 months from the date of the violation that resulted in the judgment
Within 12 months from the date the judgment became final
Within 12 months from the last day the consumer sought payment from the licensee
Within 12 months of the licensee's last renewal date - ANSWER-Within 12 months from
the date the judgment became final
A DC landlord would like to offer a rental unit for sale. Which of these parties must be
given the first opportunity to purchase the unit?
Current tenants of the unit and building
,The general public
The Office of the Mayor
The property manager - ANSWER-Current tenants of the unit and building
A DC licensee is working with a buyer who is making an offer to purchase a property.
What should the licensee do immediately after the buyer signs the offer?
Provide a copy of the signed offer to the broker
Provide a copy of the signed offer to the buyer
Provide a copy of the signed offer to the buyer and seller
Provide a copy of the signed offer to the seller - ANSWER-Provide a copy of the signed
offer to the buyer
A DC property is part of The L'Enfant Trust. Which of these activities may be restricted?
Changing the exterior paint color of the property
Converting a study to a bedroom
Installing new kitchen cabinetry
Retrofitting the property with energy-efficient appliances - ANSWER-Changing the
exterior paint color of the property
A DC real estate licensee is assisting a buyer with a property purchase. What action
must the licensee take immediately after the buyer signs an agreement?
Deliver the agreement to the other party
Provide a copy of the signed agreement to the signing parties
Request an attorney review the signed agreement
Submit the agreement to the mayor for review - ANSWER-Provide a copy of the signed
agreement to the signing parties
A licensee includes this phrase in a listing: "The solar panels on this home eliminate
your electric bill." The panels reduce the electric bill, but hasn't eliminated it. This is an
example of ______.
Exaggeration
, Greenwashing
Puffery
Redlining - ANSWER-Greenwashing
A person performing real estate activities under the judgment or order of a court, such
as a trustee in a bankruptcy, is _______.
An exception to the real estate licensing requirement
Required to have a broker license
Required to have at least an associate broker license
Required to have at least a salesperson license - ANSWER-An exception to the real
estate licensing requirement
A prospective buyer has expressed interest in purchasing a house in DC. The property
was built in 1919, is located in a historic district, and has a leaky roof. Select the option
that best describes all the disclosures the buyer should receive
Lead-based paint disclosure and property condition disclosure that notes the roof leak
Lead-based paint disclosure and property condition disclosure that notes the roof leak
and location in a designated historic district
Property condition disclosure that notes the roof leak
Property condition disclosure that notes the roof leak and location in a designated
historic district - ANSWER-Lead-based paint disclosure and property condition
disclosure that notes the roof leak and location in a designated historic district
A salesperson or associate broker may perform real estate brokerage activities under
what circumstances?
In the absence of a broker
When requested to do so by a client
When they have two years of experience
While associated with and supervised by a broker - ANSWER-While associated with
and supervised by a broker
