Dcrec - Study guides, Class notes & Summaries

A broker's license could be revoked for which of the following? Quoting a price below the listed price to a prospective purchaser. Members of the Real Estate Commission include: 2 licensed salespersons with at least 5 years experience One day after an exclusive right-to-sell listing agreement has expired, a salesperson who works for the listing broker buys the property. Which of the following is true in this situation? This is proper providing the salesperson reveals to the sel...

Law is the body of rules and principles that every member of society must follow. It is a collection of norms and rules that allow, mandate, or forbid conduct by both people and organizations. The system is designed to promote safety, equity, equality, and the general welfare of all its members. Without laws, society would be in chaos and anarchy would prevail. For this reason, society has designed a complex set of laws that set guidelines for personal and business conduct. It is rare for an...

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 and fraudulent practices Commission member consists of? 3 Brokers, 2 Salespersons, 2 Property Managers, 1 Real Estate Attorney, 1 Consumer Member Commission Member Terms ...

A broker's license could be revoked for which of the following? Quoting a price below the listed price to a prospective purchaser. Members of the Real Estate Commission include: 2 licensed salespersons with at least 5 years experience One day after an exclusive right-to-sell listing agreement has expired, a salesperson who works for the listing broker buys the property. Which of the following is true in this situation? This is proper providing the salesperson reveals to the sel...