DC REAL ESTATE LAWS Exam Questions
With 100% Correct Answers Latest Versions
2026 Top Rated A+
DCREC - ... CORRECT ANSWER>>⬛⬛...-Real Estate law in DC is created bt City
Council
and enforced by the District of Columbia Real Estate Commision (DCREC)
DCREC job - ....CO RRECT AN SW ER> > ⬛⬛...-- Creates the *rules and
regulations*
concerning real property and land interest including condos, co-ops, leases, and
time-share
- Has the authority to *issue and revoke licenses*, implement DC law, and
establish a code of conduct
- *Approves schools* and training center, sets licensing fees, and administers the
Real Estate Guaranty Fund.
- *Protect the public* from imcompetent and fraudulent practices.
,How many members in the commission? - .... CORRECT ANSWER>>⬛⬛...-9
members
appointed by the mayor:
3 Real Estate brokers - must be currently licensed in DC
2 Real Estate Salesperson - must be currently licensed in DC
2 DC licensed Property Manager
1 Attoney admmited to bar in DC and engaged in the practice of real estate law
1 customer member who cannot be, or train to be, in the real estate profession
Commission term - ....CORRECT ANSWER>>⬛⬛ ..-Commission terms run 3
years, except
to fill a vacancy through the end of a term
Members may serve a maximum of 3 consecutive 3 year term.
(must reside in DC 1 year prior and during term + in the profession for 5)
Chairperson is appointed by... - . . . . C O R R E C T A N S W E R > > ⬛⬛
.......................................................................................the Mayor
Members are removed from the commission by... - ....CORRECT ANSWER>>⬛⬛
.................................................................................................................... the
Mayor
, Commission payment - .... CORRECT ANSWER>>⬛⬛...-do not receive
compensation, just
reimbursed for expenses.
Who is required to hold a license - . . . . C O R R E C T A N S W E R > > ⬛⬛...-
- Anyone who sells, purchases, leases, rent, or collects rent and recieves
compensation for these act
- Negotiates, offers, or attempt to negotiate loans to be secured by mortage, deed
of trust, or other emcumbrace.
- Build home
- Sell or offer lots for sale in a subdivision of 5 or more lots.
Who is required to hold a license - EXCEPTION - ....CORRECT ANSWER>>⬛⬛
................................................................................................................ ..-
Attorneys, attorney-in-fact, executors, guardians, trustee, auctioneers
Licensing Requirment - . . . . C O R R E C T A N S W E R > > ⬛⬛..
------------------------------------------------------ Must be 18
- able to read, write, and understand
With 100% Correct Answers Latest Versions
2026 Top Rated A+
DCREC - ... CORRECT ANSWER>>⬛⬛...-Real Estate law in DC is created bt City
Council
and enforced by the District of Columbia Real Estate Commision (DCREC)
DCREC job - ....CO RRECT AN SW ER> > ⬛⬛...-- Creates the *rules and
regulations*
concerning real property and land interest including condos, co-ops, leases, and
time-share
- Has the authority to *issue and revoke licenses*, implement DC law, and
establish a code of conduct
- *Approves schools* and training center, sets licensing fees, and administers the
Real Estate Guaranty Fund.
- *Protect the public* from imcompetent and fraudulent practices.
,How many members in the commission? - .... CORRECT ANSWER>>⬛⬛...-9
members
appointed by the mayor:
3 Real Estate brokers - must be currently licensed in DC
2 Real Estate Salesperson - must be currently licensed in DC
2 DC licensed Property Manager
1 Attoney admmited to bar in DC and engaged in the practice of real estate law
1 customer member who cannot be, or train to be, in the real estate profession
Commission term - ....CORRECT ANSWER>>⬛⬛ ..-Commission terms run 3
years, except
to fill a vacancy through the end of a term
Members may serve a maximum of 3 consecutive 3 year term.
(must reside in DC 1 year prior and during term + in the profession for 5)
Chairperson is appointed by... - . . . . C O R R E C T A N S W E R > > ⬛⬛
.......................................................................................the Mayor
Members are removed from the commission by... - ....CORRECT ANSWER>>⬛⬛
.................................................................................................................... the
Mayor
, Commission payment - .... CORRECT ANSWER>>⬛⬛...-do not receive
compensation, just
reimbursed for expenses.
Who is required to hold a license - . . . . C O R R E C T A N S W E R > > ⬛⬛...-
- Anyone who sells, purchases, leases, rent, or collects rent and recieves
compensation for these act
- Negotiates, offers, or attempt to negotiate loans to be secured by mortage, deed
of trust, or other emcumbrace.
- Build home
- Sell or offer lots for sale in a subdivision of 5 or more lots.
Who is required to hold a license - EXCEPTION - ....CORRECT ANSWER>>⬛⬛
................................................................................................................ ..-
Attorneys, attorney-in-fact, executors, guardians, trustee, auctioneers
Licensing Requirment - . . . . C O R R E C T A N S W E R > > ⬛⬛..
------------------------------------------------------ Must be 18
- able to read, write, and understand
