DC Real Estate Updated Exam 2026 WITH Recent Newest Verified And
Well Analyzed Exam Questions (Actual Exam 2026-2027) Correct
Detailed & Verified ANSWERS (100% Accurate Solutions) ALREADY
GRADED A+||NEWEST VERSION Of The Exam Guarantee Pass!!
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? -ANSWERS-5 years
each legal description in the rectangular government system originates at... -
ANSWERS-the intersection of a principal meridian and a baseline
permits comparison shopping for loans -ANSWERS-the loan estimate
a property that is being sold by the lender due to the buyer's default -ANSWERS-
foreclousre
allows the lender to make the entire loan amount due immediately -ANSWERS-
acceleration clause
a property that the seller is selling for less than the seller owes against the
property -ANSWERS-short sale
ownership has reverted to the lender because of a failed foreclosure sale or
because of the property to the lender through a deed in lieu of foreclosure -
ANSWERS-REO sale
,calculated based on property's assessed value; government likes them because
they are a stable, reliable revenue source -ANSWERS-property taxes
property transfer fees that are not included in the sales price -ANSWERS-closing
costs
closing costs (7) -ANSWERS-1. loan fees
2. appraisal and survey fees
3. title insurance
4. legal fees
5. RE commissions
6. tax and insurance pre payments
7. transfer fees
common seller credits (2) -ANSWERS-1. sale price of property
2. prepaid taxes/utilities
common buyer credits (3) -ANSWERS-1. earnest money
2. mortgage amount
3. seller concessions
common seller debits (5) -ANSWERS-1. transfer taxes
2. broker commission
3. attorney's fees
4. recording documents to clear title
, 5. existing mortgage satisfaction
common buyer debits (6) -ANSWERS-1. appraisal and credit report fees
2. inspection costs
3. mortgage recording tax
4. title insurance
5. loan fees
6. attorney's fees
already paid by the seller but that the buyer should pay a portion of; CREDITED to
seller and DEBITED to buyer -ANSWERS-prepaid expenses (ex: prepaid RE taxes,
utilities paid in advance)
items the seller owes on closing day but that will eventually be paid by the buyer;
DEBIT to seller and CREDIT to buyer -ANSWERS-accrued expenses (ex: unpaid
property tax)
shared expenses that either party owes at closing (shared) -ANSWERS-prorations
(ex: property taxes, HOA dues, fuel, water and sewer charges)
conveys real estate to a trustee for the beneficiary named in the trust agreement
-ANSWERS-deed in trust
carries no warranties to the grantee; releases any of the grantor's property rights
to the grantee; used to clear up a simple cloud on title -ANSWERS-quitclaim deed
Well Analyzed Exam Questions (Actual Exam 2026-2027) Correct
Detailed & Verified ANSWERS (100% Accurate Solutions) ALREADY
GRADED A+||NEWEST VERSION Of The Exam Guarantee Pass!!
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? -ANSWERS-5 years
each legal description in the rectangular government system originates at... -
ANSWERS-the intersection of a principal meridian and a baseline
permits comparison shopping for loans -ANSWERS-the loan estimate
a property that is being sold by the lender due to the buyer's default -ANSWERS-
foreclousre
allows the lender to make the entire loan amount due immediately -ANSWERS-
acceleration clause
a property that the seller is selling for less than the seller owes against the
property -ANSWERS-short sale
ownership has reverted to the lender because of a failed foreclosure sale or
because of the property to the lender through a deed in lieu of foreclosure -
ANSWERS-REO sale
,calculated based on property's assessed value; government likes them because
they are a stable, reliable revenue source -ANSWERS-property taxes
property transfer fees that are not included in the sales price -ANSWERS-closing
costs
closing costs (7) -ANSWERS-1. loan fees
2. appraisal and survey fees
3. title insurance
4. legal fees
5. RE commissions
6. tax and insurance pre payments
7. transfer fees
common seller credits (2) -ANSWERS-1. sale price of property
2. prepaid taxes/utilities
common buyer credits (3) -ANSWERS-1. earnest money
2. mortgage amount
3. seller concessions
common seller debits (5) -ANSWERS-1. transfer taxes
2. broker commission
3. attorney's fees
4. recording documents to clear title
, 5. existing mortgage satisfaction
common buyer debits (6) -ANSWERS-1. appraisal and credit report fees
2. inspection costs
3. mortgage recording tax
4. title insurance
5. loan fees
6. attorney's fees
already paid by the seller but that the buyer should pay a portion of; CREDITED to
seller and DEBITED to buyer -ANSWERS-prepaid expenses (ex: prepaid RE taxes,
utilities paid in advance)
items the seller owes on closing day but that will eventually be paid by the buyer;
DEBIT to seller and CREDIT to buyer -ANSWERS-accrued expenses (ex: unpaid
property tax)
shared expenses that either party owes at closing (shared) -ANSWERS-prorations
(ex: property taxes, HOA dues, fuel, water and sewer charges)
conveys real estate to a trustee for the beneficiary named in the trust agreement
-ANSWERS-deed in trust
carries no warranties to the grantee; releases any of the grantor's property rights
to the grantee; used to clear up a simple cloud on title -ANSWERS-quitclaim deed
