12/14/25, 3:55 PM DC Real Estate Legislation and Regulations Flashcards | Quizlet
DC Real Estate Legislation and Regulations
EXAM ACTUAL EXAM| COMPLETE REAL EXAM
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+| REVIEW
2025/2026 (BRAND NEW!!)
Property Manager Eligibility Able to read, write, and understand English
Requirements
May engage in building housing and selling housing, or may sell
Real Estate Broker Practice or negotiate the sale of any lot in any subdivision of land
comprising of 5 or more lots.
1. Able to read, write, and understand English
2. Is a high school graduate or GED holder
Agent Eligibility Requirements
3. Has successfully completed course of study (60 hours)
prescribed by the Commission at an approved school.
Unless licensed in DC, no person may use the title "real estate
Certain Representations
salesperson (R.E.S.)" or any other device that would indicate the
Prohibited
the person is a licensed real estate salesperson in DC.
No license necessary if:
2. Any owner or lessor of real estate performing real estate
salesperson duties in the course of regular management of their
property.
Exemptions from Licensure
3. Any trustee or auctioneer acting in a mortgage, deed of trust,
Requirement
or similar instrument securing the payment of a debt.
4. Except for title companies, any bank, trust company, building
and loan or savings and loan association, or insurance company,
having fiduciary interest when the company is engaged.
Licensure of Real Estate Every branch office managed by a licensed real estate broker.
Organizations
b. When broker changes location, must notify mayor within 15
days and replace licenses.
Broker Place of Business c. Failure results in suspension of license.
d. New licenses for unexpired term can be issued upon written
request and payment.
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, 12/14/25, 3:55 PM DC Real Estate Legislation and Regulations Flashcards | Quizlet
a. When broker's license is suspended, salespersons must return
licenses within 15 days. Cannot perform in this time.
Automatic Suspension of b. When salesperson terminated, licensee will inform former
License through Affiliation employee that license was returned to Mayor within 15 days.
c. When salesperson terminated, salesperson's duty to notify
Mayor within 15 days.
Fiduciary Duties Representing a Disclose to seller material facts related to the property which the
Seller licensee has actual knowledge.
a. If not defined, brokerage relationship 90 days.
c. Licensee will disclose to client brokerage relationship with
General Provisions Governing prospective nonclient buyer or seller.
Disclosure of Brokerage d. If not specified, will disclose brokerage relationship to non-
Relationships client landlord or tenant prior to signing lease. Does not apply to
homes for lease terms less than 2 months.
f. Copies of any disclosures shall be kept for 3 years.
Fines not to exceed $2,500 for:
6. Accepting payment for real estate services from anyone other
than licensed broker.
Prohibited Acts - I 8. Representing other broker.
9. False advertising.
14. Using trademarks of real estate organization but non member.
18. Selling/Leasing property without owner authorization.
Fines not to exceed $2,500 for:
19. Listing contract to sell real estate without written contract and
definite termination date not subject to prior notice.
20. Failure to give copy of listing or contract to all signatories at
Prohibited Acts - II execution.
22. Failure to maintain escrow/trustee accounting of funds
deposited for period of 3 years.
24. Inducing any party to break a written transaction agreement
for personal gain.
Fines not to exceed $2,500 for:
27. Failure to inform Commission of court judgement within 15
days.
28. Failure as broker to return former employee's license.
Prohibited Acts - III
35. Representing to prospective buyer that improvements will be
made after conveyance, unless represented in writing at least 5
days before.
37. Offering reward to attract/persuade purchasers.
Designated Licensee assigned by broker to represent client when different
Agent/Representative client is represented by broker.
Ministerial Acts Routine acts performed by licensee without need for judgement.
Includes physical, administrative and fiscal management of
Property Management
property serviced by licensee.
Includes membership in a cooperative organized pursuant of
Real Estate
Chapter 9 of Title 29.
Real Estate Franchise brokerage firm does not own/operate
Real Estate Franchise individual offices, but licenses name to independent brokerage
firms.
Owner grants broker right to find purchaser at agreed price and
Written Listing Contract
terms for fee.
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DC Real Estate Legislation and Regulations
EXAM ACTUAL EXAM| COMPLETE REAL EXAM
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+| REVIEW
2025/2026 (BRAND NEW!!)
Property Manager Eligibility Able to read, write, and understand English
Requirements
May engage in building housing and selling housing, or may sell
Real Estate Broker Practice or negotiate the sale of any lot in any subdivision of land
comprising of 5 or more lots.
1. Able to read, write, and understand English
2. Is a high school graduate or GED holder
Agent Eligibility Requirements
3. Has successfully completed course of study (60 hours)
prescribed by the Commission at an approved school.
Unless licensed in DC, no person may use the title "real estate
Certain Representations
salesperson (R.E.S.)" or any other device that would indicate the
Prohibited
the person is a licensed real estate salesperson in DC.
No license necessary if:
2. Any owner or lessor of real estate performing real estate
salesperson duties in the course of regular management of their
property.
Exemptions from Licensure
3. Any trustee or auctioneer acting in a mortgage, deed of trust,
Requirement
or similar instrument securing the payment of a debt.
4. Except for title companies, any bank, trust company, building
and loan or savings and loan association, or insurance company,
having fiduciary interest when the company is engaged.
Licensure of Real Estate Every branch office managed by a licensed real estate broker.
Organizations
b. When broker changes location, must notify mayor within 15
days and replace licenses.
Broker Place of Business c. Failure results in suspension of license.
d. New licenses for unexpired term can be issued upon written
request and payment.
https://quizlet.com/12991333/dc-real-estate-legislation-and-regulations-flash-cards/ 1/6
, 12/14/25, 3:55 PM DC Real Estate Legislation and Regulations Flashcards | Quizlet
a. When broker's license is suspended, salespersons must return
licenses within 15 days. Cannot perform in this time.
Automatic Suspension of b. When salesperson terminated, licensee will inform former
License through Affiliation employee that license was returned to Mayor within 15 days.
c. When salesperson terminated, salesperson's duty to notify
Mayor within 15 days.
Fiduciary Duties Representing a Disclose to seller material facts related to the property which the
Seller licensee has actual knowledge.
a. If not defined, brokerage relationship 90 days.
c. Licensee will disclose to client brokerage relationship with
General Provisions Governing prospective nonclient buyer or seller.
Disclosure of Brokerage d. If not specified, will disclose brokerage relationship to non-
Relationships client landlord or tenant prior to signing lease. Does not apply to
homes for lease terms less than 2 months.
f. Copies of any disclosures shall be kept for 3 years.
Fines not to exceed $2,500 for:
6. Accepting payment for real estate services from anyone other
than licensed broker.
Prohibited Acts - I 8. Representing other broker.
9. False advertising.
14. Using trademarks of real estate organization but non member.
18. Selling/Leasing property without owner authorization.
Fines not to exceed $2,500 for:
19. Listing contract to sell real estate without written contract and
definite termination date not subject to prior notice.
20. Failure to give copy of listing or contract to all signatories at
Prohibited Acts - II execution.
22. Failure to maintain escrow/trustee accounting of funds
deposited for period of 3 years.
24. Inducing any party to break a written transaction agreement
for personal gain.
Fines not to exceed $2,500 for:
27. Failure to inform Commission of court judgement within 15
days.
28. Failure as broker to return former employee's license.
Prohibited Acts - III
35. Representing to prospective buyer that improvements will be
made after conveyance, unless represented in writing at least 5
days before.
37. Offering reward to attract/persuade purchasers.
Designated Licensee assigned by broker to represent client when different
Agent/Representative client is represented by broker.
Ministerial Acts Routine acts performed by licensee without need for judgement.
Includes physical, administrative and fiscal management of
Property Management
property serviced by licensee.
Includes membership in a cooperative organized pursuant of
Real Estate
Chapter 9 of Title 29.
Real Estate Franchise brokerage firm does not own/operate
Real Estate Franchise individual offices, but licenses name to independent brokerage
firms.
Owner grants broker right to find purchaser at agreed price and
Written Listing Contract
terms for fee.
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