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DC Real Estate License Exam with complete solutions
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DC Real Estate License Exam with complete solutions
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DC Real Estate License Exam withcomplete solutions
In addition to disciplinary sanctions imposed by the DC Real Estate Commission,
licensees may face a(n) ________ if the attorney general files for one in superior court.
- Answer -Injunction
How often do DC real estate licensees contribute to the Guaranty and Education Fund?
- Answer -Upon initial licensure and at every license renewal
Typically, a panel oversees a hearing for a DC license law violation rather than the full
real estate commission. The hearing panel comprises at least how many
commissioners? - Answer -Three
DC license law allows the mayor to suspend a real estate license without a hearing if
the licensee is an immediate danger to the public. When Brynn's client filed a complaint
about missing trust funds, the mayor immediately suspended Brynn's license. This is
called a(n) ________. - Answer -Summary Suspension
The DC Real Estate Commission is overseeing a hearing for licensee Doug Jones, who
was accused of mishandling both client and broker funds. The complainants are also
talking to the DA about possible criminal charges. Civil fines are one thing, but if Doug is
found guilty in a criminal proceeding, what maximum fine might he face? - Answer -
$10,000
Kunal lost money due to his DC real estate agent's negligence, but he's not a candidate
to submit a claim to the real estate guaranty fund. What's a likely reason why he's not a
candidate? - Answer -His agent was his wife
Darnell is a DC real estate licensee whose former client filed a complaint against him.
The real estate commission may impose sanctions if he is found guilty of any violations.
What other entity may pursue penalties against Darnell? - Answer -Attorney General
Which of the following statements about condo/co-op conversions in DC is true? -
Answer -Conversions require a tenant vote.
, Jaden, a DC licensee, presents his seller client with offers as soon as he receives them.
What statutory duty is Jaden performing for his client? - Answer -Promote the client's
best interests.
Breanna is selling her DC condo in order to pay for grad school. Her father Stan has
agreed to pay listing broker Martin's commission so that Breanna can use all of the
equity in the condo. What is true about the relationships in this situation? - Answer -
Martin represents Breanna only
Which type of termite is most likely to cause damage to homes in DC? - Answer -
Subterranean Termite
Online advertising that contains a DC licensee's name must include an online
disclosure. Which option best details the items required to be in this disclosure? -
Answer -Name of affiliated firm, licensee's office location, jurisdiction where license is
held
Alyce worked as a DC real estate salesperson for three years before obtaining her
broker's license last year. She was excited to learn about current vacancies on the real
estate commission. For which of the following corresponding vacancies would Alyce be
eligible? - Answer -None, because she doesn't have five years of professional
experience
Theodore was showing his buyer clients some homes in DC after he'd had lunch with a
colleague. He was clearly under the influence of alcohol, and his clients were concerned
and angry. They filed a complaint with the commission. Providing services while
impaired is a very serious offense, so it's a good chance that Theodore will receive a
________ as a sanction. - Answer -Revocation
The DC Real Estate Commission includes only one - Answer -Attorney
DC licensees convicted of criminal charges may face up to a $10,000 fine, as well as
________. - Answer -Up to one year in jail
Charmaine had her DC real estate license suspended after she neglected to tell her
buyer clients about the documents and funds they would need for closing. Her
suspension was a result of which type of disciplinable offense? - Answer -Incompetence
Who appoints members of the DC Real Estate Commission? - Answer -The Mayor
Joan began a court case against a DC licensee who misrepresented a property,
resulting in a financial loss for Joan. At this point, does Joan need to make any
notifications to the mayor? - Answer -Yes, Joan must notify the mayor within 30 days of
the date she began her action
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