DC Real Estate Exam with complete
solutions latest version
Real estate law in DC created by... - CORRECT ANSWER-City Council
How many members in DREC?
Terms run? - CORRECT ANSWER-9 (3 brokers, 2 salespersons, 2 property managers,
1 attorney, 1 consumer not in real estate profession)--must be in field for 5 years
3 years (max 3 consecutive terms)
Must take DC test within....of completing education - CORRECT ANSWER-1 year
Salespersons must activate license within... - CORRECT ANSWER-6 months of
passing
Can keep license on inactive for how many years - CORRECT ANSWER-5
How much CE during how many years - CORRECT ANSWER-15 hours every 2 years
(9 are required topics)
License for sales people expire when - CORRECT ANSWER-August 31st in odd years
If buyer wants real estate professional to act as his or her agent without monetary
obligations to seller, must use this contract - CORRECT ANSWER-Buyer-Broker
Agreement
Violation of code of ethics how much per violation?
If convicted by superior court?
Corporations fined what?
Hearing must be scheduled between
Files false document with mayor? - CORRECT ANSWER-$2,500
$2,500 and 1 year in prison
$5,000 per violation
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