DC Real Estate Study guides, Class notes & Summaries

DC REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. Real estate law in DC created by... - -City Council How many members in DREC? Terms run? - -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 - -1 year Salespersons must activate license within... - -6 months of passing

DC REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. Real estate law in DC created by... - -City Council How many members in DREC? Terms run? - -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 - -1 year Salespersons must activate license within... - -6 months of passing Can keep license on ina...

DC Real Estate Exam Questions And Answers With Verified Study Solutions

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DC Real Estate 2024 Latest Update Accurate Minimum and Maximum Balance of the Guaranty & Education Fund - ANSWER $1,040,000 $5,000,000 The certificate filed with the Real Estate Commission to license a real estate partnership must contain all of the following - ANSWER The names of the partners, The residence address of all partners The percentage of each partners ownership Misreprentation of a material fact which results in a loss is - ANSWER fraud If you do not agree with a penalty ...

DC Real Estate Exam Correct 100% Online disclosures must include: - ANSWER Firm's licensed name, city/state of main office, jurisdiction(s) in which the firm holds a license. Commission related violations may be subject to disciplinary action and fines up to ____ per violation. - ANSWER $2,500 Electronic documents are permissible per the _____ - ANSWER Uniform Electronic Transactions (UET) Difference between conversion and commingling? - ANSWER Conversion: illegally using money receiv...

DC Real estate exam 2.1| 110 Questions| Acc Based on DC's statutory reasons for eviction, for which of the following reasons can Don's landlord evict him from the house that Don rents? - ANSWER Don's landlord sold the house to Jeanette, who intends to live in it. What is a primary factor a lender reviews when determining if a borrower is a good credit risk? - ANSWER Buyer's income A DC licensee whose license has been inactive may reinstate the license if certain conditions have been m...