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A person performing real estate activities under the judgment or order of a court,
such as a trustee in a bankruptcy, is _______.
An exception to the real estate licensing requirement
Required to have a broker license
Required to have at least an associate broker license
Required to have at least a salesperson license -ANSWERS-An exception to the
real estate licensing requirement
Which of the following statements is true regarding DC's licensing requirements?
A person assisting a friend in selling a home must have a real estate license, even
when no compensation is given.
A person selling a home For Sale by Owner must have a real estate license.
A person who helps a friend find and lease an apartment must have a real estate
license.
,A property manager must have a real estate license, even if employed by only one
property owner. -ANSWERS-A property manager must have a real estate license,
even if employed by only one property owner.
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?
Five years
Four years
Seven years
Three years -ANSWERS-Five years
Which type of real estate license requires a 60-hour licensing course as a
condition of taking the licensing exam?
Broker
Process server
Project management associate
,Salesperson -ANSWERS-Salesperson
Brokers who are licensed in other states may be eligible for a DC license without
sitting for the national exam if they provide proof of licensure and ________.
Demonstrate that their home state's education requirements meet DC standards
Pay a larger application fee
Sign an oath that they will abide by DC law
Take out a large errors and omissions policy -ANSWERS-Demonstrate that their
home state's education requirements meet DC standards
Tom is an unlicensed individual helping his sister, Katie, find a new house, in
return for a trip to Europe. Which of the following activities can Tom legally
perform?
He can negotiate the sale of her old house.
He can purchase a new property for Katie at an auction.
He can receive compensation from Katie for locating a new house.
, He can search real estate sites and resources to find available homes in the area. -
ANSWERS-He can search real estate sites and resources to find available homes in
the area.
In DC, real estate salesperson licenses must be renewed every two years in odd
years by which date?
August 31
February 28
January 1
June 30 -ANSWERS-August 31
Which type of real estate license requires a 135-hour license course as a condition
of taking the licensing exam?
Broker
Process server
Project management associate
Salesperson -ANSWERS-Broker