DC Property Managers Exam Q&A Bundle

Trina applied for inactive status for her DC broker's license when her son was diagnosed with leukemia four years ago. How long does she have to reactivate her license from the time it was made inactive? 5 years which entity provides budget and resource support to the DC real estate commission? ...

Purpose of the DC Real Estate Commission To protect the public from incompetent and fraudulent practices Commission Members 9 members. 3 real estate brokers. 2 salespersons. 2 Property Managers. 1 attorney. 1 consumer member. Commission terms 3 years. Max of 3 consecutive 3 year terms ...

District of Columbia Licensure Act was enacted by? The City Council as an exercise of the police powers of the city. The Purpose of the DC Licensure Act is? To protect the public interest against incompetence. In addition to the usual definition, Real Estate in DC includes? 1. Condominiums 2....

The demand for professional property management around the end of the nineteenth century resulted primarily from the invention of the high-speed elevator---Also steel framed buildings, development of suburban areas and investment opportunities. What organization awards the designation Certified P...

Which of the following statements best describes the items required in the online disclosure required on a DC real estate firm-owned web page? Firm's licensed name, city/state of main office, city/state of all branch offices, jurisdiction in which the firm holds a license Firm's licensed nam...

Real estaet law in DC is created by___________and enforced by_____________ City Council; DC Real Estate Commission The DC Real Estate Commission is part of the________________________ DC Department of Consumer and Regulatory Affairs DCREC... creates the rules and regulations concerning real pr...

Minimum and Maximum Balance of the Guaranty & Education Fund $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 The names of the partners, The residence address of all partners The percentage of eac...

Specific qualities that a successful manager should possess include: 1. Mental Stamina 2. Integrity 3. Organizational skills 4. Bravery 5. People skills 6. Ability A. The Moldboard Plow Had a curved plate attached to the spike that could lift and turn over a wide furrow of ground B. Industrial...

Who appoints members of the DC Real Estate Commission? The commission executive director The DC Council chairperson The mayor The outgoing commissioners 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 sal...

Associated Licensee licensee who is affiliated with a broker in charge or a property manager in charge branch office A sub office of a company in which full-service real estate activities are conducted and at which a broker-in-charge or property manager-in-charge is licensed to conduct real estat...

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. Injunction How often do DC real estate licensees contribute to the Guaranty and Education Fund? Upon initial licensure and at e...

Property Manager Eligibility Requirements Able to read, write, and understand English Real Estate Broker Practice May engage in building housing and selling housing, or may sell or negotiate the sale of any lot in any subdivision of land comprising of 5 or more lots. Agent Eligibility Requirem...

DC Real Estate Law is created by The City Council and is enforced by the DCREC Commission consists of how many members? 9 members Commission members are appointed by the? Mayor with the advice and consent of the DC City Council Goal of the Commission To protect the public from incompetent a...

Management Plan 1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. Future develop...