100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
DC State Portion Exam Practice Questions and Answers $13.49   Add to cart

Exam (elaborations)

DC State Portion Exam Practice Questions and Answers

 2 views  0 purchase
  • Course
  • Real Estate
  • Institution
  • Real Estate

DC State Portion Exam Practice Questions and Answers Who appoints members of the DC Real Estate Commission? The commission executive director The DC Council chairperson The mayor The outgoing commissioners - ANSWER-The mayor Jersey, a real estate licensee who lives in DC, inherited a 5% inte...

[Show more]

Preview 4 out of 109  pages

  • November 4, 2024
  • 109
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate
  • Real Estate
avatar-seller
KaylinHoffman
Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




DC State Portion Exam Practice Questions

and Answers


Who appoints members of the DC Real Estate Commission?




The commission executive director




The DC Council chairperson




The mayor




The outgoing commissioners - ANSWER✔✔-The mayor


Jersey, a real estate licensee who lives in DC, inherited a 5% interest in a strip mall. Pete, her neighbor,

saw a for sale sign at the strip mall and wants her to make an offer on the property on his behalf. Jersey

considers her personal interest in the property too minor to bother disclosing it. Is this a violation of DC

law?




No. Jersey must disclose that the buyer is her neighbor, but she doesn't need to disclose her interest in

the property.

Copyright ©Stuvia International BV 2010-2024 Page 1/109

,Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




No. Jersey need not disclose unless she holds at least a 10% interest in a property.




No. Jersey need not disclose unless she holds at least a 15% interest in a property.




Yes. Jersey must disclose any interest she holds in a property. - ANSWER✔✔-Yes. Jersey must disclose any

interest she holds in a property.


Colin was found guilty of a minor violation of DC license law. The commission decided that Colin needed

remediation, which in this case likely includes ________.




Fines




Probation




Retraining




Suspension - ANSWER✔✔-Retraining




Copyright ©Stuvia International BV 2010-2024 Page 2/109

,Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


Phyllis has been working independently as a DC broker for six years and recently decided that she no

longer wants to deal with the paperwork or insurance requirements. She's going to work as an associate

broker for a colleague. What should she do next?




Call the real estate commission secretary




Courier a transfer application to the real estate commission




Notify the commission via a letter sent by certified mail




Submit a transfer application to the Division of Business and Professional Licensing - ANSWER✔✔-Notify

the commission via a letter sent by certified mail


Which protected classes does DC's Human Rights Act add to those already protected under the federal

Fair Housing Act?




Age, marital status, personal appearance, sexual orientation, and gender identity or expression




Age, marital status, personal appearance, sexual orientation, gender identity or expression, family

responsibilities, matriculation, and political affiliation




Copyright ©Stuvia International BV 2010-2024 Page 3/109

, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


Age, sex, marital status, disability




Sex, disability, and religion - ANSWER✔✔-Age, marital status, personal appearance, sexual orientation,

gender identity or expression, family responsibilities, matriculation, and political affiliation


Which of these statutory duties of DC real estate licensees is included under the broader duty of

promoting the client's best interests?




Comply with all fair housing laws and regulations.




Disclose any material facts.




Seek out the best terms for one's client.




Treat all parties honestly. - ANSWER✔✔-Seek out the best terms for one's client.


Dennis was surprised to learn that the DC Real Estate Commission isn't a completely independent body,

but is instead under the administrative oversight of ________.




The Better Business Bureau




Copyright ©Stuvia International BV 2010-2024 Page 4/109

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller KaylinHoffman. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart