Real Estate: DC (With complete solutions)

How many hours does a licensee have to complete every two year? correct answers 15 hours Complainants who wish to may bypass HUD and file a civil suit in a federal district court have to do so in what time period? correct answers Complainants have one year of the alleged violation. If a complaint has been filed with HUD, the deadline for a civil suit Online advertising that contains the licensee's name must also include what additional information? correct answers It must the name of the firm the licensee is affiliated with, city/state where the licensee's office is located, and jurisdiction(s) where the licensee holds a license. Remediation correct answers This may include additional training, therapy, or treatment, or in some cases, it may require the individual to take the licensing exam again. How soon are licensees required to present offers and counter-offers to their clients? correct answers Promptly until an offer has been accepted. DC law doesn't state a specific number of hours within receipt that offers must be presented, but they must be presented promptly. District of Columbia Real Estate Commission correct answers The commission regulates real estate licensees by upholding the District of Columbia real estate license law. What will be the real estate commission's first action when a complaint is filed against a licensee? correct answers Before disciplinary action or even a hearing occurs, the commission will provide written notice to the licensee, including the specific law or regulation that the licensee allegedly violated. What happens next after a DC discrimination complaint is filed with the OHR and it finds probable cause? correct answers An evidentiary hearing is held to collect all the facts and to present them before an administrative law judge or panel of three commissioners. Within how many days of purchase contract ratification must the seller provide the condo documents stated in the condo seller disclosure/resale addendum? correct answers Sellers must deliver condo docs to prospective buyers on or before the 10th business day from the date the purchase contract is ratified. Buyers can cancel the contract if the documents aren't received within this timeframe. The Office of Human Rights correct answers It receives and reviews housing discrimination complaints. Which type of termite is most likely to cause damage to homes in DC? correct answers The subterranean termite is most likely to cause damage in DC. Members of the DC Real Estate Commission are limited to how many consecutive terms? correct answers 3 Seller's Disclosure Statement correct answers DC law requires the provision of the Seller's Disclosure statement to any buyers who provide written interest in purchasing the property.